Forward Air Corp (NASDAQ: FWRD) stock suffered a major decline of -13.7% on 3/1/24. The shares closed at $32.04. Moreover, this decline was accompanied by exceptionally high trading volume at 391% of normal. The stock has declined -17.6% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FWRD 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, and the Negative Value Trend Rating results.
Rating Review
In light of this highly negative 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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