Forward Air Corp. (NASDAQ: FWRD) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 12.56%

Forward Air Corp. (NASDAQ:FWRD) does about 1.28M shares in volume on a normal day but saw 1281549 shares change hands in Friday’s trading. The company now has a market cap of 546.51M USD. Its current market price is $20.67, marking an increase of 6.82% compared to the previous close of $19.35. The 52 week high reached by this stock is $121.38 whilst the lowest price level in 52 weeks is $11.21.

Forward Air Corp. (FWRD) has a 20-day trading average at $15.58 and the current price is -82.97% off the 52-week high compared with 84.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.95 and its 200-day simple moving average is $48.36. If we look at the stock’s price movements over the week, volatility stands at 8.33%, which increases to 12.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.10 to suggest the stock is neutral.

The consensus objective for the share price is $19.00, suggesting that the stock has a potential downside of -8.79% over the period.

Jefferies upgraded its price target at $110-$85.

Forward Air Corp. (FWRD) stock is up 23.04% over the week and -3.91% over the past month. Its price is -67.12% year-to-date and -80.18% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -8.79 percent from here.

The company has a return on investment of -3.43% and return on equity of -5.86%. The forward price to earnings ratio is 26.74. The beta has a value of 0.99. Price to book ratio is 0.59 and price to sales ratio is 0.32.