How to buy Forward Air Corporation stock | $82.94

Forward Air Corporation is an integrated freight & logistics business based in the US. Forward Air Corporation shares (FWRD) are listed on the NASDAQ and all prices are listed in US Dollars. Forward Air Corporation employs 3,774 staff and has a trailing 12-month revenue of around 0.00.

Forward Air Corporation stock price (NASDAQ: FWRD)

Use our graph to track the performance of FWRD stocks over time.

Forward Air Corporation shares at a glance

• Key figures

Information last updated 2021-09-18.

Latest market close	$82.94
52-week range	$52.76 - $100.46
50-day moving average	$87.46
200-day moving average	$90.01
Wall St. target price	$108.20
PE ratio	42.472
Dividend yield	$0.81 (0.97%)
Earnings per share (TTM)	$1.96

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Is it a good time to buy Forward Air Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Forward Air Corporation price performance over time

Historical closes compared with the close of $82.94 from 2021-09-20

1 week (2021-09-15)	-1.24%
1 month (2021-08-20)	-4.19%
3 months (2021-06-22)	-9.95%
6 months (2021-03-22)	-4.90%

1 year (2020-09-22)	48.58%
2 years (2019-09-20)	31.11%
3 years (2018-09-21)	19.58%
5 years (2016-09-22)	92.93%

Is Forward Air Corporation under- or over-valued?

Valuing Forward Air Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Forward Air Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Forward Air Corporation's P/E ratio

Forward Air Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 42x. In other words, Forward Air Corporation shares trade at around 42x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Forward Air Corporation's PEG ratio

Forward Air Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.01. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Forward Air Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Forward Air Corporation's EBITDA

Forward Air Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $152.4 million.

The EBITDA is a measure of a Forward Air Corporation's overall financial performance and is widely used to measure a its profitability.

Forward Air Corporation financials

Revenue TTM	$1.5 billion
Operating margin TTM	8.02%
Gross profit TTM	$266.2 million
Return on assets TTM	6.81%
Return on equity TTM	14.24%
Profit margin	3.69%
Book value	$20.29
Market capitalisation	$2.3 billion

TTM: trailing 12 months

Shorting Forward Air Corporation shares

There are currently 582,250 Forward Air Corporation shares held short by investors – that's known as Forward Air Corporation's "short interest". This figure is 29.3% up from 450,157 last month.

There are a few different ways that this level of interest in shorting Forward Air Corporation shares can be evaluated.

Forward Air Corporation's "short interest ratio" (SIR)

Forward Air Corporation's "short interest ratio" (SIR) is the quantity of Forward Air Corporation shares currently shorted divided by the average quantity of Forward Air Corporation shares traded daily (recently around 108426.44320298). Forward Air Corporation's SIR currently stands at 5.37. In other words for every 100,000 Forward Air Corporation shares traded daily on the market, roughly 5370 shares are currently held short.

However Forward Air Corporation's short interest can also be evaluated against the total number of Forward Air Corporation shares, or, against the total number of tradable Forward Air Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Forward Air Corporation's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Forward Air Corporation shares in existence, roughly 20 shares are currently held short) or 0.0217% of the tradable shares (for every 100,000 tradable Forward Air Corporation shares, roughly 22 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Forward Air Corporation.

Find out more about how you can short Forward Air Corporation stock.

Forward Air Corporation share dividends

Dividend payout ratio: 28.67% of net profits

Recently Forward Air Corporation has paid out, on average, around 28.67% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Forward Air Corporation shareholders could enjoy a 1% return on their shares, in the form of dividend payments. In Forward Air Corporation's case, that would currently equate to about $0.81 per share.

While Forward Air Corporation's payout ratio might seem fairly standard, it's worth remembering that Forward Air Corporation may be investing much of the rest of its net profits in future growth.

Forward Air Corporation's most recent dividend payout was on 8 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 18 August 2021 (the "ex-dividend date").

Have Forward Air Corporation's shares ever split?

Forward Air Corporation's shares were split on a 3:2 basis on 3 April 2005. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Forward Air Corporation shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Forward Air Corporation shares which in turn could have impacted Forward Air Corporation's share price.

Forward Air Corporation share price volatility

Over the last 12 months, Forward Air Corporation's shares have ranged in value from as little as $52.758 up to $100.4616. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Forward Air Corporation's is 1.1397. This would suggest that Forward Air Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Forward Air Corporation overview

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. The company operates through two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. It also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, and steamship lines and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.

Frequently asked questions

What percentage of Forward Air Corporation is owned by insiders or institutions?
Currently 1.047% of Forward Air Corporation shares are held by insiders and 100.276% by institutions. How many people work for Forward Air Corporation?
Latest data suggests 3,774 work at Forward Air Corporation. When does the fiscal year end for Forward Air Corporation?
Forward Air Corporation's fiscal year ends in December. Where is Forward Air Corporation based?
Forward Air Corporation's address is: Building N, Greeneville, TN, United States, 37745 What is Forward Air Corporation's ISIN number?
Forward Air Corporation's international securities identification number is: US3498531017 What is Forward Air Corporation's CUSIP number?
Forward Air Corporation's Committee on Uniform Securities Identification Procedures number is: 349853101