Forward Air Corp (NASDAQ: FWRD) stock suffered a major decline of -22.1% on 5/9/24. The shares closed at $16.76. Moreover, exceptionally high trading volume at 467% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -20.4% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Forward Air has a good Appreciation Score of 82 but a very low Power Rating of 0, with the Negative Value Trend Rating the result.
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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