There is no doubt that Forward Air Corporation (FWRD) ticks all the boxes.

Forward Air Corporation (NASDAQ: FWRD) stock jumped 0.28% on Friday to $69.15 against a previous-day closing price of $68.96. With 1.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $70.36 whereas the lowest price it dropped to was $68.25. The 52-week range on FWRD shows that it touched its highest point at $121.38 and its lowest point at $60.09 during that stretch. It currently has a 1-year price target of $85.33. With its current market cap of 1.77 billion, FWRD has annualized dividend of $0.96 while the current yield stands at 1.39%. Beta for the stock currently stands at 1.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FWRD was down-trending over the past week, with a drop of -0.85%, but this was up by 7.54% over a month. Three-month performance dropped to -33.62% while six-month performance fell -34.71%. The stock lost -29.77% in the past year, while it has lost -34.07% so far this year. A look at the trailing 12-month EPS for FWRD yields 5.67 with Next year EPS estimates of 5.21. For the next quarter, that number is 1.13. This implies an EPS growth rate of 68.80% for this year and 13.90% for next year. EPS is expected to grow by 13.16% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.80%.

Float and Shares Shorts:

At present, 25.93 million FWRD shares are outstanding with a float of 25.39 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.67 million, which was 2.59% higher than short shares on Jul 30, 2023. In addition to WFRD as the firm’s Weatherford International plc, FORD serves as its Forward Industries, Inc.

Institutional Ownership:

Through their ownership of 103.27% of FWRD’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.12% of FWRD, in contrast to 32.01% held by mutual funds. Shares owned by individuals account for 3.39%. As the largest shareholder in FWRD with 14.65% of the stake, BlackRock Fund Advisors holds 3,763,594 shares worth 3,763,594. A second-largest stockholder of FWRD, The Vanguard Group, Inc., holds 2,877,200 shares, controlling over 11.20% of the firm’s shares. Thrivent Asset Management LLC is the third largest shareholder in FWRD, holding 1,580,644 shares or 6.15% stake. With a 7.13% stake in FWRD, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,830,634 shares are owned by the mutual fund manager. The Neuberger Berman Genesis Fund, which owns about 3.78% of FWRD stock, is the second-largest Mutual Fund holder. It holds 970,983 shares valued at 68.77 million. Vanguard Total Stock Market ETF holds 3.21% of the stake in FWRD, owning 824,141 shares worth 58.37 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, FWRD reported revenue of $515.22M and operating income of $75.55M. The EBITDA in the recently reported quarter was $87.14M and diluted EPS was $2.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FWRD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FWRD analysts setting a high price target of $103.00 and a low target of $76.00, the average target price over the next 12 months is $86.40. Based on these targets, FWRD could surge 48.95% to reach the target high and rise by 9.91% to reach the target low. Reaching the average price target will result in a growth of 24.95% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded FWRD stock several times over the past three months with 11 Buys and 0 Sells. In these transactions, 33,059 shares were bought while 0 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 101,717 while 26,140 shares were sold.

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