Forward Air Stock Today
| FWRD Stock | USD 24.00 0.45 1.91% |
Performance0 of 100
| Odds Of DistressLess than 9
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Forward Air is trading at 24.00 as of the 23rd of April 2024, a 1.91 percent increase since the beginning of the trading day. The stock's lowest day price was 23.21. Forward Air has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Forward Air are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Transportation | IPO Date 16th of November 1993 | Category Industrials |
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee. Foward Air operates under Integrated Freight Logistics classification in the United States and is traded on NASDAQ Exchange. The company has 26.37 M outstanding shares of which 3.7 M shares are currently shorted by private and institutional investors with about 2.65 trading days to cover. More on Forward Air
Moving together with Forward Stock
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Moving against Forward Stock
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Forward Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Forward Air's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Forward Air or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Thomas Schmitt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Transportation (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Air Freight & Logistics, Integrated Freight & Logistics, Industrials, SP Small-Cap 600, NASDAQ Composite, NASDAQ Composite Total, Transportation, Industrials, Air Freight & Logistics, Integrated Freight & Logistics, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Forward Air report their recommendations after researching Forward Air's financial statements, talking to executives and customers, or listening in on Forward Air's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Forward Air. The Forward consensus assessment is calculated by taking the average forecast from all of the analysts covering Forward Air. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Forward Air's profitability, liquidity, and operating efficiency, Forward Air is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Forward Air is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Forward Air's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Forward Air's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Forward Air's financial leverage. It provides some insight into what part of Forward Air's total assets is financed by creditors.
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Forward Air (FWRD) is traded on NASDAQ Exchange in USA. It is located in Building N, Greeneville, TN, United States, 37745 and employs 4,014 people. Forward Air is listed under Air Freight & Logistics category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 621.02 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Forward Air's market, we take the total number of its shares issued and multiply it by Forward Air's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Forward Air conducts business under Air Freight & Logistics sector and is part of Industrials industry. The entity has 26.37 M outstanding shares of which 3.7 M shares are currently shorted by private and institutional investors with about 2.65 trading days to cover.
Forward Air currently holds about 46.85 M in cash with 181.39 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.74.
Check Forward Air Probability Of Bankruptcy
Ownership AllocationForward Air holds a total of 26.37 Million outstanding shares. The majority of Forward Air outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Forward Air to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Forward Air. Please pay attention to any change in the institutional holdings of Forward Air as this could imply that something significant has changed or is about to change at the company. Also note that almost two hundred sixty-three thousand seven hundred four invesors are currently shorting Forward Air expressing very little confidence in its future performance.
Check Forward Ownership Details
Forward Stock Price Odds Analysis
What are Forward Air's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Forward Air jumping above the current price in 90 days from now is about 90.7%. The Forward Air probability density function shows the probability of Forward Air stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.8729. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Forward Air will likely underperform. Additionally, forward Air has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Forward Air to move above the current price in 90 days from now is about 90.7 (This Forward Air probability density function shows the probability of Forward Stock to fall within a particular range of prices over 90 days) .
Forward Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Forward Air that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Forward Air's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Forward Air's value.| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2023-12-31 | 414.5 K | |
| Schroder Investment Management Group | 2023-12-31 | 410.7 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 405.4 K | |
| River Road Asset Management, Llc | 2023-12-31 | 398.6 K | |
| P Schoenfeld Asset Mgmt Lp(ny) | 2023-12-31 | 387.3 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 357.1 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 356.9 K | |
| Btim Corp | 2023-12-31 | 299.8 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 277.5 K | |
| Blackrock Inc | 2023-12-31 | 4.1 M | |
| Vanguard Group Inc | 2023-12-31 | 3 M |
Forward Air Historical Income Statement
Forward Air Income Statement is one of the three primary financial statements used for reporting Forward's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Forward Air revenue and expense. Forward Air Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Forward Air's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 1.4 B, whereas Other Operating Expenses is forecasted to decline to about 663 M. View More FundamentalsForward Stock Against Markets
Picking the right benchmark for Forward Air stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Forward Air stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Forward Air is critical whether you are bullish or bearish towards Forward Air at a given time. Please also check how Forward Air's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Forward Air without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Forward Air Corporate Directors
Forward Air corporate directors refer to members of a Forward Air board of directors. The board of directors generally takes responsibility for the Forward Air's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Forward Air's board members must vote for the resolution. The Forward Air board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Campbell | Lead Independent Director | Profile | |
| Larry Leinweber | Independent Director | Profile | |
| Ronald Allen | Independent Director | Profile | |
| Tracy Leinbach | Lead Independent Director | Profile |
How to buy Forward Stock?
Before investing in Forward Air, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Forward Air. To buy Forward Air stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Forward Air. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Forward Air stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Forward Air stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Forward Air stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Forward Air, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Forward Stock please use our How to Invest in Forward Air guide.
Already Invested in Forward Air?
The danger of trading Forward Air is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Forward Air is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Forward Air. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Forward Air is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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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Is Forward Air's industry 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 | Dividend Share 0.96 | Earnings Share 1.64 | Revenue Per Share 52.898 | Quarterly Revenue Growth (0.30) |
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.