--- title: "What's Going On With Forward Air Shares On Monday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285979617.md" description: "Forward Air Corp (NASDAQ:FWRD) shares rose 1.42% to $10.01 on Monday, following the company's first-quarter report showing a narrowed net loss of $40.2 million and improved liquidity over $400 million. Despite a revenue decline to $582 million, operational efficiencies were noted. Analysts maintain a Buy rating with a target range of $18.00 to $32.00. However, the stock is currently oversold, trading significantly below key moving averages, indicating potential recovery challenges. Investors are advised to proceed with caution due to low value and momentum scores." datetime: "2026-05-11T17:45:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285979617.md) - [en](https://longbridge.com/en/news/285979617.md) - [zh-HK](https://longbridge.com/zh-HK/news/285979617.md) --- # What's Going On With Forward Air Shares On Monday? Shares of **Forward Air Corp** (NASDAQ:FWRD) are trading higher on Monday. Last week, the company reported improved financial results for the first quarter of 2026, highlighting a strong liquidity position and operational improvements. The stock’s movement aligns with a generally positive market backdrop, where the S&P 500 is up 0.24% and the Russell 2000 is gaining 0.61%, suggesting that broader market trends are supporting the stock’s upward trajectory. ## Results Highlight Liquidity And Profit Improvement Forward Air reported first-quarter revenue of $582 million, down from $613 million in the prior-year quarter. The company posted a net loss of $40.2 million, compared to a net loss of $61.2 million a year earlier. The company also noted that liquidity increased to over $400 million, bolstered by effective cost control and operational efficiencies. Forward Air said one of its largest customers is currently discussing a transition of a significant portion of its business to other providers. The customer accounted for approximately $250 million in revenue during fiscal 2025. The company said discussions remain ongoing and that the majority of the transition is currently expected to begin in early 2027. **Analyst Consensus & Recent Actions:** The stock carries a Buy rating with an average price target of $24.00. Recent analyst moves include: - **Susquehanna**: Positive (Lowers Target to $18.00) (May 8) - **Stifel**: Buy (Lowers Target to $30.00) (April 16) - **Stifel**: Buy (Raises Target to $32.00) (Jan. 21) ## FWRD Technical Outlook: Oversold Signals And Key Levels From a technical perspective, Forward Air’s stock is currently trading at $10.01, well below its key moving averages. The 20-day simple moving average (SMA) sits at $20.19, indicating that the stock is 49.8% below this level, reflecting a bearish trend. The relative strength index (RSI) is at 23.34, suggesting the stock is in oversold territory and could rebound if buying interest increases. - **Key Resistance**: $20.19 — This level represents the 20-day SMA, which is a critical threshold for potential recovery. - **Key Support**: $9.50 — This is the 52-week low, indicating a significant level of downside risk. ## How Forward Air Ranks On Value And Momentum Below is the Benzinga Edge scorecard for Forward Air, highlighting its strengths and weaknesses compared to the broader market: - **Value**: 24.29 — The stock is trading at a low valuation compared to its peers. - **Momentum**: 1.03 — This indicates that the stock is underperforming the broader market. **The Verdict:** Forward Air’s Benzinga Edge signal reveals a weak profile with low value and momentum scores. Investors should approach with caution as the stock navigates a challenging market environment. **FWRD Stock Price Activity:** Forward Air shares were up 1.42% at $10.01 at the time of publication on Monday, according to Benzinga Pro data. _Photo via Shutterstock_ ### Related Stocks - [FWRD.US](https://longbridge.com/en/quote/FWRD.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [SF.US](https://longbridge.com/en/quote/SF.US.md) - [SF-C.US](https://longbridge.com/en/quote/SF-C.US.md) - [SFB.US](https://longbridge.com/en/quote/SFB.US.md) - [SF-B.US](https://longbridge.com/en/quote/SF-B.US.md) - [SF-D.US](https://longbridge.com/en/quote/SF-D.US.md) ## Related News & Research - [What's Going On With Forward Air Stock Tuesday?](https://longbridge.com/en/news/286132711.md) - [Forward Air (NASDAQ:FWRD) Sets New 12-Month Low on Disappointing Earnings](https://longbridge.com/en/news/285787452.md) - [United Therapeutics Insider Sold Shares Worth $5,744,746, According to a Recent SEC Filing](https://longbridge.com/en/news/286618742.md) - [Duos Edge AI to Host Lubbock Edge Data Center Open House | DUOT Stock News](https://longbridge.com/en/news/286914726.md) - [Duos Edge AI to host May 28 open house for Lubbock edge data center](https://longbridge.com/en/news/286913659.md)