FWRD

Forward AirD

Nasdaq / Transportation

At close

2026-07-22

View Chart

Current thesis

Composite grade D from latest DB weights. Momentum 34.6 / Value 57.1

Posture

Defensive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -1.3.

What can break

Mixed signals. Wait for cleaner trend confirmation.

Momentum

Value

Sentiment

N/A

Setup hits (3d)

0 · Net Neutral

AI TargetsBase - · Bull - · Bear -

Data freshness

Prices

As of 2026-07-22

Fundamentals

As of 2026-07-21 • Vendor: Data Vendor v1

Scores

As of 2026-07-22 • Model: HYBRID_IC_RP

AI Memo

Unavailable: No memo yet

Investment thesis

As of 2026-07-22

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Neutral

Target $18.50

Why

Momentum35 · Δ7d +3.1

Value57 · Δ7d -1.3

SentimentN/A · Δ7d -

So what

Weak posture (Net Neutral). Prioritize risk control and patience.

Lead driver: Value · See fundamentals

Momentum

40% active weight

Current posture

7d trendImproving

Δ7d

+3.1

Δ21d

-6.1

Value

60% active weight

Current posture

7d trendSoftening

Δ7d

-1.3

Δ21d

-0.6

Sentiment

N/A

Coverage pending

No current score

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Why this grade

Composite grade D. Momentum 34.6 / Value 57.1

Fundamentals (TTM)

As of 2026-07-21

Market Cap

$512.64M

Beta

1.34

Shares Out

31.63M

P/E (TTM) · Derived

-4.6

P/S (TTM)

0.32

P/FCF (TTM)

51.38

Rev YoY

-5.1%

EPS YoY

-35.0%

Gross Margin

+2.1%

Op Margin

+4.6%

Net Debt

$2.05B

Current Ratio

1.23

As of 2026-07-22 • Updated nightlySource: Internal modelMethodology