Alert: Negative Investment/Fundamental Signals (3/15/24)-Forward Air Corp (NASDAQ: FWRD)

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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.

Meaningful 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.

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Current PriceTarget Research Rating

FWRD is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Forward Air has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Forward Air has a good Appreciation Score of 76 but a very low Power Rating of 0, and the Negative Value Trend Rating results.

Recent Price Action

Forward Air Corp (NASDAQ: FWRD) stock declined modestly by -1.2% on 3/15/24. The stock closed at $28.01. Moreover, this decline was accompanied by exceptionally high trading volume at 584% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -10.5% during the last week.

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