How to Buy Forward Air Stock
Forward Air Corp
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal.
Forward Air stock last closed at $23.55, down 0.97% from the previous day, and has decreased 78.66% in one year. It has underperformed other stocks in the Integrated Freight & Logistics industry by 0.65 percentage points. Forward Air stock is currently +6.65% from its 52-week low of $22.08, and -80.6% from its 52-week high of $121.38.
As of Apr 22, 2024, there are 26.37M FWRD shares outstanding. The market capitalization of FWRD is $621.02M. In the past 24 hours, 794,998 FWRD shares were traded.
How to Buy Forward Air Stock
Wondering how to invest in Forward Air stock? Here's how.
- Decide where to buy Forward Air stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Forward Air stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Forward Air stock: The Forward Air ticker symbol is FWRD. Is Forward Air stock a good investment? Should you buy shares of FWRD? How do FWRD's underlying business fundamentals look? Do top analysts think Forward Air is a good buy? Why has FWRD's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if FWRD is a good stock to buy).
- Execute your FWRD trade: Decide if you will purchase FWRD shares at the current market price or use a limit order to purchase FWRD shares at a specific price.
- Keep an eye on your investment in FWRD: Create a watchlist to watch your new investment in Forward Air stock.
Step 1: Decide where to buy Forward Air stock
You need an online brokerage account in order to access the NASDAQ market and buy FWRD stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal information so you are able to buy FWRD today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best beginner stock app, your next step is to transfer the money for your investment:
Check out the video below if you need help transferring money into your new brokerage account.
Step 4: Evaluate Forward Air stock
Once you have chosen the best place to buy Forward Air stock, it's absolutely critical to evaluate their stock prior to buying, so you actually comprehend the risk as well as the upside.
Forward Air Metrics
FWRD Due Diligence Checks
WallStreetZen was created to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on FWRD's stock page.
Is FWRD stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge FWRD's intrinsic value.
Using relative valuations ratios:
- FWRD may be undervalued based on its P/E ratio of 3.67x, relative to Integrated Freight & Logistics industry P/E ratio of 18.35x
- FWRD may be undervalued based on its P/B ratio of 0.81x, relative to Integrated Freight & Logistics industry P/B ratio of 3.99x
- FWRD may be undervalued based on its PEG ratio of 0.33x
You can access more valuation analysis on FWRD's stock here.
A quick look at FWRD Financials
Passed Health Checks:
- FWRD profit margin has gone up from 11.5% to 12.2% in the past year.
- FWRD earnings of $212.76M is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the FWRD balance sheet.
Failed Health Checks:
- Total FWRD debt is higher than 5 years ago, relative to shareholder equity.
- FWRD's operating cash flow of $181.39M allows it to safely service it's debt of $1.95B.
- FWRD has a relatively high debt to equity ratio of 2.9.
- There are more long-term liabilities than short-term assets on the FWRD balance sheet.
Is Forward Air stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 4 Equities analysts who give recommendations on FWRD, the consensus analyst rating on FWRD is a Hold
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Forward Air stock forecast page.
FWRD Momentum
FWRD Performance Numbers
Last year, FWRD earnings were $167.35M. In the past five year, FWRD's earnings have grown by 15.38% per year. This was faster than the Integrated Freight & Logistics industry average of 7.07%.
Last year, FWRD revenue was $1.37B. Over the last 5 year, FWRD's revenue has increased by 3.8% per year. This was slower than the Integrated Freight & Logistics industry average of 5.79%.
You can research FWRD's earnings and revenue performance here.
Are FWRD insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at FWRD have bought more shares than they have sold.
Kyle R. Mitchin, Chief People Officer of FWRD, was the latest FWRD insider to buy. They bought $75,012.59 worth of FWRD stock on Aug 25, 2023.
Research more about who owns FWRD shares here.
Can I rely on FWRD as an income stream?
No, Forward Air doesn't provide an income stream by paying out dividends.
What do other investors have to say about FWRD?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your FWRD trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open Trade button and your broker will place the order.
If you need more info about buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your investment in FWRD
Now that you own some FWRD stock, you'll want to stay up-to-date on your investment.
Add FWRD to a watchlist to monitor your FWRD stock.
FWRD Feed
How to Buy Stock in Forward Air
To reiterate, here are the 6 steps to buy Forward Air stock:
- Decide where to buy Forward Air stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Evaluate Forward Air stock
- Execute your FWRD trade
- Keep an eye on your investment in FWRD
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to monitor your investment in Forward Air, add FWRD to your watchlist below.
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