While Forward Air Corp. has overperformed by 2.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FWRD fell by -71.18%, with highs and lows ranging from $121.38 to $26.35, whereas the simple moving average fell by -56.61% in the last 200 days.
On January 10, 2024, Wolfe Research Downgraded Forward Air Corp. (NASDAQ: FWRD) to Underperform. A report published by Jefferies on August 29, 2023, Upgraded its rating to ‘Buy’ for FWRD. Robert W. Baird August 15, 2023d the rating to Neutral on August 15, 2023, and set its price target from $130 to $80. Wolfe Research August 11, 2023d its ‘Peer Perform’ rating to ‘Underperform’ for FWRD, as published in its report on August 11, 2023. Stifel’s report from August 11, 2023 suggests a price prediction of $103 for FWRD shares, giving the stock a ‘Hold’ rating. Raymond James also rated the stock as ‘Mkt Perform’.
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Analysis of Forward Air Corp. (FWRD)
A return on investment can be expected regardless of FWRD’s performance over the next quarter with the dividend set at $0.72 per share. Further, the quarter-over-quarter decrease in sales is -29.67%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Forward Air Corp.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 6.89% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.46, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FWRD is recording an average volume of 931.17K. On a monthly basis, the volatility of the stock is set at 5.58%, whereas on a weekly basis, it is put at 4.68%, with a gain of 10.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $39.80, showing growth from the present price of $30.00, which can serve as yet another indication of whether FWRD is worth investing in or should be passed over.
How Do You Analyze Forward Air Corp. Shares?
A leading company in the Integrated Freight & Logistics sector, Forward Air Corp. (FWRD) is based in the USA. When comparing Forward Air Corp. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 77.96, there is a growth in quarterly earnings of -231.48%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 98.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FWRD shares are owned by institutional investors to the tune of 98.31% at present.
