Forward Air Stock Price on July 31, 2024
| FWRD Stock | USD 36.69 0.70 1.94% |
Below is the normalized historical share price chart for Forward Air extending back to November 16, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Forward Air stands at 36.69, as last reported on the 29th of November, with the highest price reaching 36.69 and the lowest price hitting 36.03 during the day.
If you're considering investing in Forward Stock, it is important to understand the factors that can impact its price. Forward Air appears to be very steady, given 3 months investment horizon. Forward Air secures Sharpe Ratio (or Efficiency) of 0.0723, which denotes the company had a 0.0723% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Forward Air, which you can use to evaluate the volatility of the firm. Please utilize Forward Air's Coefficient Of Variation of 1780.4, downside deviation of 2.88, and Mean Deviation of 2.47 to check if our risk estimates are consistent with your expectations.
At present, Forward Air's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 3.1 B, whereas Common Stock Total Equity is forecasted to decline to about 279.6 K. . At present, Forward Air's Price To Free Cash Flows Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price Sales Ratio is expected to grow to 1.42, whereas Price Book Value Ratio is forecasted to decline to 2.03. Forward Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 16th of November 1993 | 200 Day MA 28.3177 | 50 Day MA 36.1686 | Beta 1.018 |
Forward |
Sharpe Ratio = 0.0723
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Estimated Market Risk
| 3.04 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.22 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Forward Air is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Forward Air by adding it to a well-diversified portfolio.
Price Book 4.6092 | Enterprise Value Ebitda 49.3679 | Price Sales 0.478 | Shares Float 20.5 M | Wall Street Target Price 35.485 |
Forward Air Valuation on July 31, 2024
It is possible to determine the worth of Forward Air on a given historical date. On July 31, 2024 Forward was worth 25.13 at the beginning of the trading date compared to the closed value of 25.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Forward Air stock. Still, in general, we apply an absolute valuation method to find Forward Air's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Forward Air where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Forward Air's related companies.
| Open | High | Low | Close | Volume | |
| 24.23 | 25.29 | 23.78 | 24.96 | 889,875 | |
07/31/2024 | 25.13 | 26.15 | 23.84 | 25.36 | 622,841 |
| 25.32 | 25.35 | 22.83 | 23.98 | 875,411 |
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Forward Air Trading Date Momentum on July 31, 2024
| On August 01 2024 Forward Air was traded for 23.98 at the closing time. The top price for the day was 25.35 and the lowest listed price was 22.83 . The trading volume for the day was 875.4 K. The trading history from August 1, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 5.44% . The overall trading delta against the current closing price is 0.12% . |
Forward Air Fundamentals Correlations and Trends
By evaluating Forward Air's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Forward Air's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Forward financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Forward Air Stock history
Forward Air investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Forward is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Forward Air will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Forward Air stock prices may prove useful in developing a viable investing in Forward Air
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 26 M | 30.8 M | |
| Net Income Applicable To Common Shares | 222.2 M | 233.3 M |
Forward Air Quarterly Net Working Capital |
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Forward Air Stock Technical Analysis
Forward Air technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Forward Air Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Forward Air cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Forward Air November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Forward Air stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Forward Air shares will generate the highest return on investment. By undertsting and applying Forward Air stock market strength indicators, traders can identify Forward Air entry and exit signals to maximize returns
Forward Air Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Forward Air's price direction in advance. Along with the technical and fundamental analysis of Forward Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Forward to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0505 | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0158 | |||
| Treynor Ratio | 0.149 |
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Complementary Tools for Forward Stock analysis
When running Forward Air's price analysis, check to measure Forward Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Air is operating at the current time. Most of Forward Air's value examination focuses on studying past and present price action to predict the probability of Forward Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Air's price. Additionally, you may evaluate how the addition of Forward Air to your portfolios can decrease your overall portfolio volatility.
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