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 rise, let’s take a look at some background.

Forward Air Corporation is an asset-light provider of transportation services. The Company provides transportation services, including less-than-truckload (LTL), truckload and intermodal drayage services and freight brokerage and supply chain services across North America, Europe, and Asia. Its segments include Expedited Freight, Intermodal, and Omni Logistics. The Expedited Freight segment provides expedited regional, inter-regional and national LTL services. Expedited Freight also offers customers local pick-up and delivery and other services including truckload, warehousing, and other handling. The Intermodal segment provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. The Omni Logistics segment provides a full suite of global logistics services. Its services include air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, and other supply chain solutions.

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Forward Air Corp’s Stock Price as of Market Close

As of July 25, 2024, 4:00 PM, CST, Forward Air Corp’s stock price was $27.67.

Forward Air Corp is up 9.37% from its previous closing price of $25.30.

During the last market session, Forward Air Corp’s stock traded between $24.55 and $25.76. Currently, there are 26.22 million shares of Forward Air Corp stock available for purchase.

Unfortunately, Forward Air Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Forward Air Corp Stock Price History

Forward Air Corp’s (FWRD) price is currently up 45.33% so far this month.

During the month of July, Forward Air Corp’s stock price has reached a high of $28.41 and a low of $17.53.

Over the last year, Forward Air Corp has hit prices as high as $121.38 and as low as $11.21. Year to date, Forward Air Corp’s stock is down 73.62%.

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

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 July 24, 2024, there was 1 analyst 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 A, which means it is considered to be Deep 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 July 24, 2024, Forward Air Corp has a weighted four-quarter relative price strength of -25.30%, which translates to a Momentum Score of 12 and is considered to be Very Weak.

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Forward Air Corp Stock Price: Bottom Line

As of July 25, 2024, Forward Air Corp’s stock price is $27.67, which is up 9.37% 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.