Forward Air Stock Market Outlook
| FWRD Stock | USD 26.81 0.31 1.14% |
About 62% of all Forward Air's shareholders are looking to take a long position. The analysis of overall sentiment of trading Forward Air stock suggests that some investors are interested at this time. The current market sentiment, together with Forward Air's historical and current headlines, can help investors time the market. In addition, many technical investors use Forward Air stock news signals to limit their universe of possible portfolio assets.
Comfort Level 62
Interested
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Forward Air's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Forward Air.
News SentimentBullish | Hype SentimentBearish | Insider SentimentAcquiring |
Given the investment horizon of 90 days and your typical level of risk aversion, our recommendation regarding Forward Air is 'Strong Hold'. Macroaxis provides Forward Air buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FWRD positions.
Execute Forward Air Advice
The Forward recommendation should be used to complement the investment advice compiled from the current analysts' consensus on Forward Air. Macroaxis does not own or have any residual interests in Forward Air or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Forward Air's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
For the selected time horizon Forward Air has a Risk Adjusted Performance of 0.1175, Jensen Alpha of 0.241, Total Risk Alpha of 0.1576, Sortino Ratio of 0.0996 and Treynor Ratio of 0.1852Our investment recommendation module complements current analysts and expert consensus on Forward Air. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. To make sure Forward Air is not overpriced, please confirm all Forward Air fundamentals, including its price to sales, debt to equity, number of employees, as well as the relationship between the net income and short ratio . Given that Forward Air has a price to earning of 117.29 X, we urge you to verify Forward Air market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.
Forward Air Trading Alerts and Improvement Suggestions
| The company reported the previous year's revenue of 2.47 B. Net Loss for the year was (1.12 B) with profit before overhead, payroll, taxes, and interest of 483.72 M. | |
| Forward Air currently holds about 46.85 M in cash with (75.4 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.74. | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Forward Air Corporation Receives Average Recommendation of Hold from Brokerages - MarketBeat |
Forward Air Returns Distribution Density
The distribution of Forward Air's historical returns is an attempt to chart the uncertainty of Forward Air's future price movements. The chart of the probability distribution of Forward Air daily returns describes the distribution of returns around its average expected value. We use Forward Air price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Forward Air returns is essential to provide solid investment analysis for Forward Air.
| Mean Return | 0.37 | Value At Risk | -5.1 | Potential Upside | 4.33 | Standard Deviation | 2.68 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Forward Air historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Forward Stock Institutional Investors
| Shares | Ubs Group Ag | 2025-06-30 | 902.9 K | Cibc World Markets Inc. | 2025-06-30 | 841.9 K | Jpmorgan Chase & Co | 2025-06-30 | 786.9 K | Fmr Inc | 2025-06-30 | 632.1 K | Bank Of America Corp | 2025-06-30 | 611.3 K | Charles Schwab Investment Management Inc | 2025-06-30 | 586.5 K | Morgan Stanley - Brokerage Accounts | 2025-06-30 | 530.9 K | Geode Capital Management, Llc | 2025-06-30 | 526.9 K | Jefferies Financial Group Inc | 2025-06-30 | 384.6 K | Clearlake Capital Group Lp | 2025-06-30 | 3.8 M | Blackrock Inc | 2025-06-30 | 3.3 M |
Forward Air Cash Flow Accounts
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Change In Cash | (2.9M) | 8.5M | 1.9B | (1.8B) | (1.7B) | (1.6B) | |
| Free Cash Flow | 81.2M | 218.4M | 150.7M | (112.5M) | (129.3M) | (122.9M) | |
| Depreciation | 39.6M | 47.4M | 57.4M | 144.0M | 165.6M | 173.9M | |
| Other Non Cash Items | 3.9M | 10.9M | (13.9M) | 1.0B | 1.2B | 1.3B | |
| Dividends Paid | 20.5M | 20.9M | 23.0M | 25.9M | (25.0M) | 0.0 | |
| Capital Expenditures | 39.1M | 40.7M | 30.7M | 37.1M | 42.6M | 27.3M | |
| Net Income | 116.1M | 193.2M | 42.8M | (1.1B) | (1.0B) | (961.7M) | |
| End Period Cash Flow | 37.3M | 45.8M | 2.0B | 105.3M | 121.1M | 104.1M | |
| Change To Netincome | 23.9M | 16.9M | 26.5M | 29.9M | 34.4M | 36.1M | |
| Change Receivables | 2.1M | (25.7M) | (60.8M) | (11.0M) | (9.9M) | (10.4M) | |
| Net Borrowings | 42.6M | (49M) | 1.7B | (98.4M) | (113.2M) | (107.5M) | |
| Investments | (88.3M) | (104.5M) | 174.8M | (1.6B) | (1.4B) | (1.4B) |
Forward Air Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Forward Air or Air Freight & Logistics sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Forward Air's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Forward stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 1.92 | |
σ | Overall volatility | 2.67 | |
Ir | Information ratio | 0.11 |
Forward Air Volatility Alert
Forward Air currently demonstrates below-average downside deviation. It has Information Ratio of 0.11 and Jensen Alpha of 0.24. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Forward Air's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Forward Air's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Forward Air Fundamentals Vs Peers
Comparing Forward Air's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Forward Air's direct or indirect competition across all of the common fundamentals between Forward Air and the related equities. This way, we can detect undervalued stocks with similar characteristics as Forward Air or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Forward Air's fundamental indicators could also be used in its relative valuation, which is a method of valuing Forward Air by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Forward Air to competition |
| Fundamentals | Forward Air | Peer Average |
| Return On Equity | -0.53 | -0.31 |
| Return On Asset | 0.0154 | -0.14 |
| Profit Margin | (0.05) % | (1.27) % |
| Operating Margin | 0.03 % | (5.51) % |
| Current Valuation | 2.86 B | 16.62 B |
| Shares Outstanding | 31.25 M | 571.82 M |
| Shares Owned By Insiders | 1.99 % | 10.09 % |
| Shares Owned By Institutions | 98.01 % | 39.21 % |
| Number Of Shares Shorted | 4.21 M | 4.71 M |
| Price To Earning | 117.29 X | 28.72 X |
| Price To Book | 6.06 X | 9.51 X |
| Price To Sales | 0.34 X | 11.42 X |
| Revenue | 2.47 B | 9.43 B |
| Gross Profit | 483.72 M | 27.38 B |
| EBITDA | (916.64 M) | 3.9 B |
| Net Income | (1.12 B) | 570.98 M |
| Cash And Equivalents | 46.85 M | 2.7 B |
| Cash Per Share | 1.74 X | 5.01 X |
| Total Debt | 2.15 B | 5.32 B |
| Debt To Equity | 0.41 % | 48.70 % |
| Current Ratio | 1.74 X | 2.16 X |
| Book Value Per Share | 4.48 X | 1.93 K |
| Cash Flow From Operations | (75.4 M) | 971.22 M |
| Short Ratio | 8.44 X | 4.00 X |
| Earnings Per Share | (4.05) X | 3.12 X |
| Price To Earnings To Growth | 2.01 X | 4.89 X |
| Target Price | 35.67 | |
| Number Of Employees | 6.32 K | 18.84 K |
| Beta | 1.32 | -0.15 |
| Market Capitalization | 837.77 M | 19.03 B |
| Total Asset | 2.8 B | 29.47 B |
| Retained Earnings | (338.23 M) | 9.33 B |
| Working Capital | 88.45 M | 1.48 B |
Note: Disposition of 225 shares by Michael Hance of Forward Air at 30.23 subject to Rule 16b-3 [view details]
Forward Air Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Forward . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 27280.34 | |||
| Daily Balance Of Power | (0.20) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 27.17 | |||
| Day Typical Price | 27.05 | |||
| Price Action Indicator | (0.51) | |||
| Period Momentum Indicator | (0.31) |
About Forward Air Buy or Sell Advice
When is the right time to buy or sell Forward Air? Buying financial instruments such as Forward Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Forward Air in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Gold ETFs theme has 23 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Gold ETFs Theme or any other thematic opportunities.
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Check out Forward Air Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Will Air Freight & Logistics sector continue expanding? Could Forward diversify its offerings? Factors like these will boost the valuation of Forward Air. Market participants price Forward higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Forward Air data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 1.45 | Earnings Share (4.05) | Revenue Per Share | Quarterly Revenue Growth (0.04) | Return On Assets |
Understanding Forward Air requires distinguishing between market price and book value, where the latter reflects Forward's accounting equity. The concept of intrinsic value - what Forward Air's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Forward Air's price substantially above or below its fundamental value.
Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Forward Air's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.