Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Forward Air Corp before investing.

In this article, we go over a few key elements for understanding Forward Air Corp’s stock price such as:

• Forward Air Corp’s current stock price and volume
• Why Forward Air Corp’s stock price changed recently
• Upgrades and downgrades for FWRD from analysts
• FWRD’s stock price momentum as measured by its relative strength

About Forward Air Corp (FWRD)

Before we jump into Forward Air Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Forward Air Corporation is an asset-light provider of transportation services across the United States, Canada and Mexico. It provides expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, it offers truckload brokerage services, including dedicated fleet services; and intermodal, first-and last-mile, drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. It operates in two segments: Expedited Freight and Intermodal. Its Expedited Freight segment offers customers local pick-up and delivery and other services, including truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling services. Its Intermodal segment offers contract and container freight station warehouse and handling services.

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Forward Air Corp’s Stock Price as of Market Close

As of April 10, 2024, 4:00 PM, CST, Forward Air Corp’s stock price was $28.55.

Forward Air Corp is down 4.87% from its previous closing price of $30.01.

During the last market session, Forward Air Corp’s stock traded between $29.42 and $30.90. Currently, there are 25.91 million shares of Forward Air Corp stock available for purchase.

Forward Air Corp’s price-earnings (P/E) ratio is currently at 18.6, which is low compared to the Freight & Logistics - Courier, Postal, Air Freight & Land industry median of 18.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Forward Air Corp Stock Price History

Forward Air Corp’s (FWRD) price is currently down 8.23% so far this month.

During the month of April, Forward Air Corp’s stock price has reached a high of $30.95 and a low of $27.07.

Over the last year, Forward Air Corp has hit prices as high as $121.38 and as low as $26.35. Year to date, Forward Air Corp’s stock is down 72.78%.

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What Caused Forward Air Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 09, 2024, there were 2 analysts who downgraded Forward Air Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Forward Air Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Forward Air Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Forward Air Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Forward Air Corp (FWRD) by visiting AAII Stock Evaluator.

Relative Price Strength of Forward Air Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 09, 2024, Forward Air Corp has a weighted four-quarter relative price strength of -34.44%, which translates to a Momentum Score of 7 and is considered to be Very Weak.

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Forward Air Corp Stock Price: Bottom Line

As of April 10, 2024, Forward Air Corp’s stock price is $28.55, which is down 4.87% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Forward Air Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.