Forward Air Corp (NASDAQ: FWRD). Extremely important negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Important negative changes in Forward Air Corp (NASDAQ: FWRD) fundamentals have recently occurred. Negative developments: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
FWRD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Forward Air has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Forward Air has a good Appreciation Score of 79 but a very low Power Rating of 0, resulting in the Negative Value Trend Rating.
Recent Price Action
Forward Air Corp (NASDAQ: FWRD) stock declined slightly by -0.8% on 3/4/24. The stock closed at $31.78. Moreover, this decline was accompanied by exceptionally high trading volume at 300% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -20.7% during the last week.
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