Forward Air Corp. (FWRD): These Numbers Show Where NASDAQ:FWRD Stock Is Going Next

Forward Air Corp. (NASDAQ: FWRD) is -42.83% lower on its value in year-to-date trading and has touched a low of $11.21 and a high of $79.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FWRD stock was last observed hovering at around $37.19 in the last trading session, with the day’s loss setting it -1.25%.

Currently trading at $35.94, the stock is 7.49% and 25.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.15 million and changing -3.36% at the moment leaves the stock 8.25% off its SMA200. FWRD registered -46.25% loss for a year compared to 6-month gain of 25.01%.

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The stock witnessed a 17.41% loss in the last 1 month and extending the period to 3 months gives it a 78.10%, and is 1.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.13% over the week and 5.87% over the month.

Forward Air Corp. (FWRD) has around 4014 employees, a market worth around $995.54M and $1.94B in sales. Fwd P/E is 121.83. Profit margin for the company is -39.42%. Distance from 52-week low is 220.60% and -54.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.11%).

with sales reaching $655.8M over the same period.The EPS is expected to shrink by -126.68% this year, but quarterly earnings will post 82.70% year-over-year. Quarterly sales are estimated to grow 58.60% in year-over-year returns.

Forward Air Corp. (FWRD) Top Institutional Holders

260.0 institutions hold shares in Forward Air Corp. (FWRD), with institutional investors hold 124.54% of the company’s shares. The shares outstanding are 25.67M, and float is at 19.06M with Short Float at 26.74%. Institutions hold 122.41% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 4.53 million shares valued at $86.24 million. The investor’s holdings represent 17.2482% of the FWRD Shares outstanding. As of 2024-06-30, the second largest holder is CLEARLAKE CAPITAL GROUP, L.P. with 3.83 million shares valued at $72.83 million to account for 14.5656 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.49 million shares representing 9.4785% and valued at over $47.39 million, while LITTLEJOHN & CO LLC holds 8.5288 of the shares totaling 2.24 million with a market value of $42.64 million.