Forward Air Corp (NASDAQ: FWRD) stock closed at $21.43 on 7/11/24 after a major increase of 10.7%. However, unusually low trading volume at 50% of normal accompanied the advance. The stock has risen 10.8% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
FWRD’s future returns on capital are forecasted to exceed 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Forward Air has a good Appreciation Score of 85 but a very low Power Rating of 0, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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