Forward Air Corp. (FWRD): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Integrated Freight & Logistics industry segment, falling under the Industrials sector. The current market capitalization of Forward Air Corp. is $574.01M. A total of 1.64 million shares were traded on the day, compared to an average of 1.27M shares.

In the most recent transaction, RUBLE CHRIS C bought 1,433 shares of FWRD for 69.77 per share on Aug 25 ’23. After the transaction, the Chief Operating Officer now owns 28,276 company shares. In a previous transaction on Aug 25 ’23, MITCHIN KYLE R bought 1,093 shares at 68.63 per share. FWRD shares that Chief People Officer owns now total 18,896.

Among the insiders who bought shares, Ronning Nancee L acquired of 315 shares on Aug 22 ’23 at a per-share price of $64.65. This resulted in the Chief Commercial Officer holding 3,045 shares of FWRD after the transaction. In another insider transaction, Campbell C Robert bought 5,000 shares at $64.33 per share on Aug 18 ’23. Company shares held by the Director now total 28,994.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. FWRD’s most recent ex-dividend date was 11/21/2023 when it declared a $0.24 quarterly dividend that was paid in cash on 12/7/2023. Previously, the company paid the dividend on 9/7/2023 with an ex-dividend date of 8/16/2023. The FWRD stock dividend was $0.24 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FWRD has a high of $121.38 and a low of $11.21.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FWRD’s latest balance sheet shows that the firm has $37.32M in Cash & Short Term Investments as of fiscal 2021. There were $320.07M in debt and $164.69M in liabilities at the time. Its Book Value Per Share was $35.03, while its Total Shareholder’s Equity was $593.65M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FWRD is Buy with a score of 3.57.

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