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Forward Air Corp. (FWRD Stock: A Sea of Opportunity

Forward Air Corp. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $121.38 on 07/27/23, while the lowest price for the same period was registered at $41.93 on 02/05/24.

52-week price history of FWRD Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Forward Air Corp.’s current trading price is -64.89% away from its 52-week high, while its distance from the 52-week low is 1.65%. The stock’s price range during the 52-week period has remained between $41.93 and $121.38. In the Industrials sector, the company’s shares saw a trading volume of around 0.56 million for the day, which was evidently higher than the average daily volume of 0.49 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Forward Air Corp. (FWRD) has experienced a quarterly decline of -35.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.09B and boasts a workforce of 4155 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 63.14, with a change in price of -26.53. Similarly, Forward Air Corp. recorded 508,200 in trading volume during the last 100 days, posting a change of -38.37%.

Examining FWRD’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for FWRD stands at 0.45. Similarly, the long-term debt-to-equity ratio is also 0.35.

FWRD Stock Stochastic Average

Forward Air Corp.’s raw stochastic average for the past 50 days is presently 2.73%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 3.54%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 7.54% and 6.53%, respectively.

FWRD Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant loss of -32.21% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -61.25%. Over the past 30 days, the price of FWRD has leaped by -32.75%. And in the last five days, it has fallen by -2.52%.

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