Wolfe Research has recently raised Forward Air Corp (FWRD) stock to Peer Perform rating, as announced on May 28, 2024, according to Finviz. Earlier, on January 10, 2024, Wolfe Research had reduced the stock from a Peer Perform to Underperform. Jefferies also raised Buy rating with a price target of $85. Additionally, Wolfe Research raised Peer Perform rating on August 28, 2023. Robert W. Baird analysts, in their report published on August 15, 2023, also reduced Neutral rating and set a price target of $80 for Forward Air Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Forward Air Corp (FWRD) Stock Trading Recap
On Wednesday, Forward Air Corp (FWRD) stock saw a modest uptick, ending the day at $37.28 which represents a slight increase of $0.29 or 0.78% from the prior close of $36.99. The stock opened at $36.66 and touched a low of $36.54 during the day, reaching a high of $38.43. The volume of shares traded was 0.76 million falling short of the average volume of 0.84 million.
FWRD Stock Performance and Moving Averages
In recent trading, Forward Air Corp (FWRD) stock price has shown some volatility, fluctuating 1.44% over the last five trades and 8.34% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 77.10%, and it has gained 55.46% in the previous three months. Currently, FWRD is trading at 0.58%, 5.75%, and 26.84% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FWRD, a Industrials sector stock, is trading -48.19% below its 52-week high but remains 232.56% above its 52-week low. The Average True Range (ATR) (14 days) of 1.81 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Forward Air Corp’s Profitability and Valuation Ratios
Forward Air Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -2.60% and a profit margin of -39.42%, with a gross margin of 77.10%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Forward Air Corp’s market capitalization stands at $1.03 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 163.27. Additionally, the Price-to-Sales Ratio is 0.53, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.64, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 31.24% of Forward Air Corp (FWRD)’s shares, while financial institutions hold 100.75%.