Forward Air Stock Buy Hold or Sell Recommendation
| FWRD Stock | USD 35.68 0.74 2.12% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Forward Air is 'Strong Buy'. 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.
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. Note, we conduct extensive research on individual companies such as Forward and provide practical buy, sell, or hold advice based on investors' constraints. Forward Air. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Forward |
Execute Forward Air Buy or Sell Advice
The Forward recommendation should be used to complement the buy-or-sell 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 Buy
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Forward Air Trading Alerts and Improvement Suggestions
| Forward Air had very high historical volatility over the last 90 days | |
| Forward Air has a frail financial position based on the latest SEC disclosures | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Forward Air Co. Given Consensus Recommendation of Hold by 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 advice for Forward Air.
| Mean Return | 0.28 | Value At Risk | -4.35 | Potential Upside | 4.39 | Standard Deviation | 3.07 |
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 | Alta Fox Capital Management, Llc | 2024-09-30 | 797.1 K | Paralel Advisors Llc | 2024-09-30 | 750 K | Geode Capital Management, Llc | 2024-06-30 | 718.4 K | Bank Of America Corp | 2024-06-30 | 694.9 K | Charles Schwab Investment Management Inc | 2024-09-30 | 675.9 K | Goldman Sachs Group Inc | 2024-06-30 | 533.7 K | Two Sigma Investments Llc | 2024-06-30 | 450.7 K | Goldentree Asset Management Lp | 2024-09-30 | 404 K | Hawk Ridge Management Llc | 2024-09-30 | 392.1 K | Blackrock Inc | 2024-06-30 | 4.5 M | Clearlake Capital Group Lp | 2024-06-30 | 3.8 M |
Forward Air Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (1.2M) | (2.6M) | (8.7M) | (23.9M) | (21.5M) | (20.4M) | |
| Change In Cash | 39.1M | (24.5M) | (2.9M) | 8.5M | 1.9B | 2.0B | |
| Free Cash Flow | 130.8M | 63.8M | 81.2M | 218.4M | 150.7M | 158.2M | |
| Depreciation | 42.1M | 37.1M | 39.6M | 47.4M | 57.4M | 60.3M | |
| Other Non Cash Items | 5.2M | (5.1M) | 3.9M | 10.9M | (13.7M) | (13.0M) | |
| Dividends Paid | 20.5M | 20.9M | 23.0M | 25.9M | 25.0M | 13.0M | |
| Capital Expenditures | 30.7M | 20.3M | 39.1M | 40.7M | 30.7M | 26.9M | |
| Net Income | 87.1M | 52.8M | 116.1M | 193.2M | 42.6M | 48.5M | |
| End Period Cash Flow | 64.7M | 40.3M | 37.3M | 45.8M | 2.0B | 2.0B | |
| 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 | (20.9M) | (21.4M) | 42.6M | (49M) | (44.1M) | (41.9M) | |
| Investments | (63.9M) | (82.7M) | (88.3M) | (104.5M) | 174.8M | 183.6M |
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 | 0.16 | |
β | Beta against Dow Jones | 1.14 | |
σ | Overall volatility | 3.08 | |
Ir | Information ratio | 0.06 |
Forward Air Volatility Alert
Forward Air currently demonstrates below-average downside deviation. It has Information Ratio of 0.06 and Jensen Alpha of 0.16. 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 | -2.2 | -0.31 |
| Return On Asset | 0.0296 | -0.14 |
| Profit Margin | (0.31) % | (1.27) % |
| Operating Margin | 0.06 % | (5.51) % |
| Current Valuation | 2.96 B | 16.62 B |
| Shares Outstanding | 28.95 M | 571.82 M |
| Shares Owned By Insiders | 1.67 % | 10.09 % |
| Shares Owned By Institutions | 98.33 % | 39.21 % |
| Number Of Shares Shorted | 4.4 M | 4.71 M |
| Price To Earning | 117.29 X | 28.72 X |
| Price To Book | 4.47 X | 9.51 X |
| Price To Sales | 0.47 X | 11.42 X |
| Revenue | 1.37 B | 9.43 B |
| Gross Profit | 594.21 M | 27.38 B |
| EBITDA | 145.62 M | 3.9 B |
| Net Income | 42.58 M | 570.98 M |
| Cash And Equivalents | 46.85 M | 2.7 B |
| Cash Per Share | 1.74 X | 5.01 X |
| Total Debt | 1.95 B | 5.32 B |
| Debt To Equity | 0.41 % | 48.70 % |
| Current Ratio | 1.74 X | 2.16 X |
| Book Value Per Share | 7.88 X | 1.93 K |
| Cash Flow From Operations | 181.39 M | 971.22 M |
| Short Ratio | 7.00 X | 4.00 X |
| Earnings Per Share | (29.29) X | 3.12 X |
| Price To Earnings To Growth | 2.01 X | 4.89 X |
| Target Price | 35.49 | |
| Number Of Employees | 4.01 K | 18.84 K |
| Beta | 1.02 | -0.15 |
| Market Capitalization | 1.03 B | 19.03 B |
| Total Asset | 2.98 B | 29.47 B |
| Retained Earnings | 480.32 M | 9.33 B |
| Working Capital | 109.93 M | 1.48 B |
Note: Acquisition by Ridgemont Equity Management Iii, Llc of 24920 shares of Forward Air 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.
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?
Run Russia On Wall Street Thematic Idea Now
Russia On Wall Street
Cross-sector and cross-instrument bundle of publicly traded Russian entities that are expected to be listed on USA exchanges or over the counter. The Russia On Wall Street 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 Russia On Wall Street Theme or any other thematic opportunities.
| View All Next | Launch |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.45 | Earnings Share (29.29) | Revenue Per Share 81.783 | Quarterly Revenue Growth 0.924 | Return On Assets 0.0296 |
The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic 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. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.