FWRD Stock Summary and Trading Ideas (Forward Air | NASDAQ:FWRD)

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. The company generates maximum revenue from the Expedited Freight segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.

Forward Air trades on the NASDAQ stock market under the symbol FWRD.

As of April 26, 2024, FWRD stock price declined to $22.27 with 870,068 million shares trading.

FWRD has a beta of 1.13, meaning it tends to be more sensitive to market movements. FWRD has a correlation of 0.06 to the broad based SPY ETF.

FWRD has a market cap of $587.27 million. This is considered a Small Cap stock.

In the last 3 years, FWRD stock traded as high as $125.71 and as low as $21.70.

The top ETF exchange traded funds that FWRD belongs to (by Net Assets): CALF, IJR, VTI, VB, VXF.

FWRD has underperformed the market in the last year with a price return of -78.4% while the SPY ETF gained +26.8%. FWRD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -52.5% and -19.3%, respectively, while the SPY returned +4.5% and -1.9%, respectively.

FWRD support price is $22.14 and resistance is $23.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FWRD stock will trade within this expected range on the day.