Forward Air Corp (NASDAQ: FWRD) is -57.05% lower on its value in year-to-date trading and has touched a low of $10.32 and a high of $40.92 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 $10.50 in the last trading session, with the day’s gains setting it 3.35%.
Currently trading at $13.85, the stock is -25.86% and -41.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing 31.90% at the moment leaves the stock -53.11% off its SMA200. FWRD registered -52.70% loss for a year compared to 6-month loss of -63.21%. The firm has a 50-day simple moving average (SMA 50) of $23.8598 and a 200-day simple moving average (SMA200) of $29.535.
The stock witnessed a -20.45% gain in the last 1 month and extending the period to 3 months gives it a -56.72%, and is -33.22% down 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 28.71% over the week and 11.50% over the month.
Forward Air Corp (FWRD) has around 6319 employees, a market worth around $421.08M and $2.47B in sales. Fwd P/E is 32.98. Profit margin for the company is -33.48%. Distance from 52-week low is 34.21% and -66.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.08%).
with sales reaching $617.17M over the same period.The EPS is expected to grow by 98.10% this year, but quarterly earnings will post 5.62% year-over-year. Quarterly sales are estimated to grow 13.91% in year-over-year returns.
281.0 institutions hold shares in Forward Air Corp (FWRD), with institutional investors hold 111.93% of the company’s shares. The shares outstanding are 29.76M, and float is at 20.87M with Short Float at 17.90%. Institutions hold 109.92% 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 16.899 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 14.2708 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 8.3562 of the shares totaling 2.24 million with a market value of $42.64 million.
