Forward Air Corp is an asset-light freight and logistics company... Show more
Forward Air Corporation (FWRD) is an asset-light freight and logistics provider specializing in expedited less-than-truckload (LTL) services, local pick-up and delivery, shipment consolidation, warehousing, and customs brokerage. Operating across North America, it serves freight forwarders, third-party logistics firms, air cargo carriers, and retailers through segments like Expedited Freight, Omni Logistics, and Intermodal. In a competitive transportation and logistics industry, FWRD differentiates with its network efficiency and focus on air freight ground support. Recent fundamentals, including Omni segment growth and cost controls, underpin the stock's volatility, as exposure to cyclical freight demand amplifies price movements during sector recoveries.
Over the last 30 days, FWRD stock climbed +26%, advancing from around $16.60 near April 4 to a recent close of $21.33 before today's intraday levels. The movement was trend-driven with steady gains in mid-April, peaking near $23.60 on April 27, before mild consolidation, reflecting improved market sentiment in logistics.
For the past quarter, the stock declined -44%, dropping from $29.75 around February 4 to current levels. Performance was volatile and range-bound early, with a sharp mid-March selloff from $22 to sub-$16 lows, followed by a partial rebound but no full recovery, amid broader sector pressures.
The 30-day +26% surge stemmed from operational momentum and positive recognitions. In April, FWRD earned spots on USA TODAY’s America’s Climate Leaders 2026 list and Newsweek’s Most Trustworthy Companies, boosting investor confidence in its sustainability and reliability. Progress in integrating the One Ground Network and expanding Latin America operations enhanced efficiency, countering freight softness. Analyst maintains, like Stifel’s Buy rating with a $30 target on April 16, sustained buying interest. Sector sentiment shifted as logistics demand stabilized post-winter, with FWRD's asset-light model aiding margin resilience. These factors fueled a steady uptrend, with volume supporting the rally.
The quarterly -44% drop was dominated by earnings disappointments and freight market challenges. Q4 2025 results in February showed revenue beats at $631 million but EPS miss at -$0.28 versus -$0.26 expected, with ongoing losses (TTM EPS -$3.51). Intermodal volumes fell amid weak port activity and trade softness, dragging EBITDA down 30% in that segment. Broader macro headwinds like elevated costs, inflation in transportation, and geopolitical risks amplified pressure. A mid-March plunge erased early gains, though Q4 highlights of $307 million EBITDA and 2026 growth strategy offered some support. Institutional focus on profitability amid estimate cuts outweighed positives, leading to the net decline.
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Investors should monitor Q1 2026 earnings on May 7, focusing on EPS estimates of -$0.39, revenue trends, and updates on EBITDA margins. Progress in One Ground Network integration and Omni Logistics growth will signal operational leverage. Industry trends like freight volume recovery and fuel costs could sway sentiment, alongside macro factors such as interest rates and trade policies impacting LTL demand. Strategic developments, including Latin America expansion and tech upgrades, offer catalysts, while risks from persistent losses or intermodal weakness loom. Analyst revisions toward the $35 target and board changes may influence positioning.
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The Moving Average Convergence Divergence (MACD) for FWRD turned positive on May 27, 2026. Looking at past instances where FWRD's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FWRD's RSI Indicator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 27, 2026. You may want to consider a long position or call options on FWRD as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FWRD advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
FWRD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
FWRD moved below its 50-day moving average on May 04, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FWRD crossed bearishly below the 50-day moving average on May 08, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FWRD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FWRD entered a downward trend on May 29, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.768) is normal, around the industry mean (3.243). P/E Ratio (10.213) is within average values for comparable stocks, (204.725). FWRD's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.175). Dividend Yield (0.007) settles around the average of (0.019) among similar stocks. P/S Ratio (0.122) is also within normal values, averaging (0.986).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. FWRD’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FWRD’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of surface transportation facilities for deferred air freight
Industry OtherTransportation