Is Forward Air Stock a Good Investment?
Forward Air Investment Advice | FWRD |
- Examine Forward Air's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Forward Air's leadership team and their track record. Good management can help Forward Air navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Air Freight & Logistics space and any emerging trends that could impact Forward Air's business and its evolving consumer preferences.
- Compare Forward Air's performance and market position to its competitors. Analyze how Forward Air is positioned in terms of product offerings, innovation, and market share.
- Check if Forward Air pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Forward Air's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Forward Air stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Forward Air is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Excited | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Forward Air Stock
Researching Forward Air's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 97.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.88. Some equities with similar Price to Book (P/B) outperform the market in the long run. Forward Air has Price/Earnings To Growth (PEG) ratio of 2.01. The entity last dividend was issued on the 21st of November 2023. The firm had 3:2 split on the 4th of April 2005.
To determine if Forward Air is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Forward Air's research are outlined below:
| Forward Air generated a negative expected return over the last 90 days | |
| Forward Air has high historical volatility and very poor performance | |
| Forward Air has a frail financial position based on the latest SEC disclosures | |
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Werner Enterprises Q1 Earnings and Revenues Miss Estimates |
Forward Air Quarterly Cash And Short Term Investments |
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Forward Air uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Forward Air. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Forward Air's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of February 2024 Upcoming Quarterly Report | View | |
| 6th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Forward Air's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Forward Air's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2009-07-20 | 2009-06-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2009-04-20 | 2009-03-31 | 0.05 | 0.04 | -0.01 | 20 | ||
1998-10-21 | 1998-09-30 | 0.08 | 0.09 | 0.01 | 12 | ||
1998-07-21 | 1998-06-30 | 0.09 | 0.08 | -0.01 | 11 | ||
1997-07-22 | 1997-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
1997-04-22 | 1997-03-31 | 0.02 | 0.03 | 0.01 | 50 | ||
1996-10-23 | 1996-09-30 | 0.04 | 0.03 | -0.01 | 25 | ||
1996-07-24 | 1996-06-30 | 0.05 | 0.04 | -0.01 | 20 |
Know Forward Air's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Forward Air is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Forward Air backward and forwards among themselves. Forward Air's institutional investor refers to the entity that pools money to purchase Forward Air's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Northern Trust Corp | 2023-12-31 | 414.5 K | Schroder Investment Management Group | 2023-12-31 | 410.7 K | Jacobs Levy Equity Management, Inc. | 2023-09-30 | 405.4 K | River Road Asset Management, Llc | 2023-12-31 | 398.6 K | P Schoenfeld Asset Mgmt Lp(ny) | 2023-12-31 | 387.3 K | Nuveen Asset Management, Llc | 2023-12-31 | 357.1 K | Charles Schwab Investment Management Inc | 2023-12-31 | 356.9 K | Btim Corp | 2023-12-31 | 299.8 K | Bank Of New York Mellon Corp | 2023-12-31 | 277.5 K | Blackrock Inc | 2023-12-31 | 4.1 M | Vanguard Group Inc | 2023-12-31 | 3 M |
Forward Air's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 556.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Forward Air's market, we take the total number of its shares issued and multiply it by Forward Air's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Forward Air's profitablity analysis
Forward Air's profitability indicators refer to fundamental financial ratios that showcase Forward Air's ability to generate income relative to its revenue or operating costs. If, let's say, Forward Air is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Forward Air's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Forward Air's profitability requires more research than a typical breakdown of Forward Air's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0 | 0 | |
| Return On Capital Employed | 0.03 | 0.03 | |
| Return On Assets | 0 | 0 | |
| Return On Equity | 0.01 | 0.01 |
Determining Forward Air's profitability involves analyzing its financial statements and using various financial metrics to determine if Forward Air is a good buy. For example, gross profit margin measures Forward Air's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Forward Air's profitability and make more informed investment decisions.
The data published in Forward Air's official financial statements usually reflect Forward Air's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Forward Air. For example, before you start analyzing numbers published by Forward accountants, it's critical to develop an understanding of what Forward Air's liquidity, profitability, and earnings quality are in the context of the Air Freight & Logistics space in which it operates.
Please note, the presentation of Forward Air's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Forward Air's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Forward Air's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Forward Air. Please utilize our Beneish M Score to check the likelihood of Forward Air's management manipulating its earnings.
Evaluate Forward Air's management efficiency
Forward Air has return on total asset (ROA) of 0.0435 % which means that it generated a profit of $0.0435 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0582 %, meaning that it created $0.0582 on every $100 dollars invested by stockholders. Forward Air's management efficiency ratios could be used to measure how well Forward Air manages its routine affairs as well as how well it operates its assets and liabilities. As of May 4, 2024, Return On Tangible Assets is expected to decline to 0. In addition to that, Return On Capital Employed is expected to decline to 0.03. At present, Forward Air's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 61.8 M, whereas Return On Tangible Assets are forecasted to decline to 0.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 29.49 | 30.97 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 13.54 | 14.21 | |
| Enterprise Value Over EBITDA | 23.44 | 24.61 | |
| Price Book Value Ratio | 2.13 | 2.03 | |
| Enterprise Value Multiple | 23.44 | 24.61 | |
| Price Fair Value | 2.13 | 2.03 | |
| Enterprise Value | 1.6 B | 1.7 B |
The analysis of Forward Air's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Forward Air's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Forward Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0455 | Forward Dividend Yield 0.0455 | Forward Dividend Rate 0.96 | Beta 0.988 |
Basic technical analysis of Forward Stock
As of the 4th of May, Forward Air shows the Mean Deviation of 2.81, standard deviation of 3.6, and Variance of 12.99. Forward Air technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Forward Air, which can be compared to its peers. Please confirm Forward Air market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Forward Air is priced favorably, providing market reflects its regular price of 21.78 per share. Given that Forward Air has information ratio of (0.32), we urge you to verify Forward Air's prevailing market performance to make sure the company can sustain itself at a future point.Forward Air's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Forward Air insiders, such as employees or executives, is commonly permitted as long as it does not rely on Forward Air's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Forward Air insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Michael Hance six days ago Acquisition by Michael Hance of 19993 shares of Forward Air subject to Rule 16b-3 | ||
Thomas Schmitt over a month ago Acquisition by Thomas Schmitt of 9246 shares of Forward Air subject to Rule 16b-3 | ||
Thomas Schmitt over six months ago Acquisition by Thomas Schmitt of 8159 shares of Forward Air subject to Rule 16b-3 | ||
Chris Ruble over six months ago Purchase by Chris Ruble of 1433 shares of Forward Air | ||
Thomas Schmitt over six months ago Purchase by Thomas Schmitt of 16050 shares of Forward Air | ||
Tucker Laurie Anne over six months ago Acquisition by Tucker Laurie Anne of 1352 shares of Forward Air subject to Rule 16b-3 | ||
Tucker Laurie Anne over a year ago Purchase by Tucker Laurie Anne of 4000 shares of Forward Air |
Understand Forward Air's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Forward Air's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.19) | |||
| Market Risk Adjusted Performance | (0.53) | |||
| Mean Deviation | 2.81 | |||
| Coefficient Of Variation | (332.53) | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.99 | |||
| Information Ratio | (0.32) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | (0.54) | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (7.01) | |||
| Potential Upside | 3.9 | |||
| Skewness | (0.76) | |||
| Kurtosis | 1.37 |
| Risk Adjusted Performance | (0.19) | |||
| Market Risk Adjusted Performance | (0.53) | |||
| Mean Deviation | 2.81 | |||
| Coefficient Of Variation | (332.53) | |||
| Standard Deviation | 3.6 | |||
| Variance | 12.99 | |||
| Information Ratio | (0.32) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (1.35) | |||
| Treynor Ratio | (0.54) | |||
| Maximum Drawdown | 17.83 | |||
| Value At Risk | (7.01) | |||
| Potential Upside | 3.9 | |||
| Skewness | (0.76) | |||
| Kurtosis | 1.37 |
Consider Forward Air's intraday indicators
Forward Air intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Forward Air stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 17889.87 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.03 | |||
| Day Median Price | 21.66 | |||
| Day Typical Price | 21.7 | |||
| Price Action Indicator | 0.45 | |||
| Period Momentum Indicator | 0.66 |
Forward Air Corporate Filings
F3 | 1st of May 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 26th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 12th of April 2024 Other Reports | ViewVerify | |
F4 | 1st of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Forward Stock media impact
Far too much social signal, news, headlines, and media speculation about Forward Air that are available to investors today. That information is available publicly through Forward media outlets and privately through word of mouth or via Forward internal channels. However, regardless of the origin, that massive amount of Forward data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Forward Air news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Forward Air relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Forward Air's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Forward Air alpha.
Forward Air Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Forward Air can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Forward Air Historical Investor Sentiment
Investor biases related to Forward Air's public news can be used to forecast risks associated with an investment in Forward. The trend in average sentiment can be used to explain how an investor holding Forward can time the market purely based on public headlines and social activities around Forward Air. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Forward Air's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Forward Air and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Forward Air news discussions. The higher the estimate score, the more favorable the investor's outlook on Forward Air.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Forward Air without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Forward Air Corporate Directors
Forward Air corporate directors refer to members of a Forward Air board of directors. The board of directors generally takes responsibility for the Forward Air's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Forward Air's board members must vote for the resolution. The Forward Air board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Campbell | Lead Independent Director | Profile | |
| Larry Leinweber | Independent Director | Profile | |
| Ronald Allen | Independent Director | Profile | |
| Tracy Leinbach | Lead Independent Director | Profile |
How to buy Forward Stock?
To provide specific investment advice or recommendations on Forward Air stock, we recommend investors consider the following general factors when evaluating Forward Air. This will help you to make an informed decision on whether to include Forward Air in one of your diversified portfolios:- Examine Forward Air's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Forward Air's leadership team and their track record. Good management can help Forward Air navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Air Freight & Logistics space and any emerging trends that could impact Forward Air's business and its evolving consumer preferences.
- Compare Forward Air's performance and market position to its competitors. Analyze how Forward Air is positioned in terms of product offerings, innovation, and market share.
- Check if Forward Air pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Forward Air's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Forward Air stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Forward Air is a good investment.
Already Invested in Forward Air?
The danger of trading Forward Air is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Forward Air is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Forward Air. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Forward Air is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Forward Stock analysis
When running Forward Air's price analysis, check to measure Forward Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Air is operating at the current time. Most of Forward Air's value examination focuses on studying past and present price action to predict the probability of Forward Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Air's price. Additionally, you may evaluate how the addition of Forward Air to your portfolios can decrease your overall portfolio volatility.
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Is Forward Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.45 | Dividend Share 0.96 | Earnings Share 1.64 | Revenue Per Share 52.898 | Quarterly Revenue Growth (0.30) |
The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Forward Air's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.