Forward Air Corp (NASDAQ: FWRD) is 29.04% higher on its value in year-to-date trading and has touched a low of $9.78 and a high of $40.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FWRD stock was last observed hovering at around $22.46 in the last trading session, with the day’s gains setting it 702.08%.
Currently trading at $724.54K, the stock is 19.82% and 34.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 1017902% at the moment leaves the stock -11.86% off its SMA200. FWRD registered -24.78% loss for a year compared to 6-month loss of -16.14%. The firm has a 50-day simple moving average (SMA 50) of $18.098 and a 200-day simple moving average (SMA200) of $27.5249.
The stock witnessed a 41.71% gain in the last 1 month and extending the period to 3 months gives it a 17.03%, and is 9.62% 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 5.72% over the week and 6.15% over the month.
Forward Air Corp (FWRD) has around 6319 employees, a market worth around $738.07M and $2.55B in sales. Fwd P/E is 151.63. Profit margin for the company is -31.64%. Distance from 52-week low is 147.93% and -40.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.74%).
The EPS is expected to grow by 96.37% this year
262.0 institutions hold shares in Forward Air Corp (FWRD), with institutional investors hold 114.93% of the company’s shares. The shares outstanding are 30.41M, and float is at 20.58M with Short Float at 18.65%. Institutions hold 112.61% 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 9.2867 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.
