FWRD

Forward AirC

Nasdaq / Transportation

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Current thesis

Composite grade C from latest DB weights. Momentum 54.7 / Value 57.0

Posture

Mixed

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta +0.4.

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 -Analysis date unavailable; returns require an exact persisted reference.

Data freshness

Prices

Unavailable: Price unavailable

Fundamentals

As of 2026-10-27 • Vendor: Data Vendor v1

Scores

As of 2026-10-28 • Model: HYBRID_IC_RP

AI Memo

Unavailable: No memo yet

Investment thesis

As of 2026-10-28

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-28. Definitions

Supporting evidence

What

Grade C · Mixed

Confidence Medium · Net Neutral

Target $24.50

Why

Momentum55 · Δ7d +17.5

Value57 · Δ7d +0.4

SentimentN/A · Δ7d -

So what

Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Confirming evidence

• Value remains the lead driver in the composite, 7D delta +0.4.

Contradictions & invalidation

• Mixed signals. Wait for cleaner trend confirmation.

Catalyst clock

No dated catalyst is available.

Lead driver: Value · See fundamentals

Momentum

15% active weight

Current posture

7d trendImproving

Δ7d

+17.5

Δ21d

+16.0

Value

85% active weight

Current posture

7d trendFlat

Δ7d

+0.4

Δ21d

+0.1

Sentiment

N/A

Coverage pending

No current score

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Why this grade

Composite grade C. Momentum 54.7 / Value 57.0

Fundamentals (TTM)

As of 2026-10-27

Market Cap

$511.44M

Beta

1.34

Shares Out

33.78M

P/E (TTM) · Derived

-4.3

P/S (TTM)

0.32

P/FCF (TTM)

51.38

Rev YoY

+8.8%

EPS YoY

+1443.5%

Gross Margin

+3.0%

Op Margin

+3.0%

Net Debt

$2.05B

Current Ratio

1.32

As of 2026-10-28 • Updated nightlySource: Internal modelMethods & Data