Forward Air Corp. [NASDAQ: FWRD] price plunged by -22.08 percent to reach at -$4.75.
The one-year FWRD stock forecast points to a potential upside of 52.66. The average equity rating for FWRD stock is currently 2.71, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Forward Air Corp. [FWRD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FWRD shares is $35.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FWRD stock is a recommendation set at 2.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Forward Air Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 10, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $110 to $85. The new note on the price target was released on August 29, 2023, representing the official price target for Forward Air Corp. stock. On August 15, 2023, analysts decreased their price target for FWRD shares from 130 to 80.
The Average True Range (ATR) for Forward Air Corp. is set at 1.78, with the Price to Sales ratio for FWRD stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 6.53.
FWRD Stock Performance Analysis:
Forward Air Corp. [FWRD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.64. With this latest performance, FWRD shares dropped by -41.30% in over the last four-week period, additionally sinking by -74.81% over the last 6 months – not to mention a drop of -82.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FWRD stock in for the last two-week period is set at 23.03, with the RSI for the last a single of trading hit 19.43, and the three-weeks RSI is set at 25.27 for Forward Air Corp. [FWRD]. The present Moving Average for the last 50 days of trading for this stock 26.63, while it was recorded at 20.34 for the last single week of trading, and 56.35 for the last 200 days.
Insight into Forward Air Corp. Fundamentals:
Forward Air Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.46 and a Current Ratio set at 1.28.
FWRD Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FWRD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Forward Air Corp. go to 13.16%.
Forward Air Corp. [FWRD] Institutonal Ownership Details
The top three institutional holders of FWRD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FWRD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FWRD stock with ownership which is approximately 5.8386%.
