Stock Ratings / Industrials / FWRD / options

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Forward Air Corporation (FWRD) Options Positioning, Max Pain & Unusual Sweeps

$17.87 +1.88% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Forward Air Corporation (FWRD) carries a Roarable Rating of E (Strong Sell) with 23/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $603.7M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk E

Each axis scored 0–20

12M PRICE TARGET CONE-15.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FWRD)Realized 20D OHLCV Swing Band: ±11%

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±11%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (FWRD)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for FWRD.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FWRD)

✓Walkthrough of FWRD's RQD Radar, SEC cash-conversion gap & downside invalidation levels
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FWRD // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -15.15%▲ RESISTANCE BREAKOUT

2026-10-30O $17.89H $18.35L $17.25C $17.87VOL 441.7K

RES: $15.32SUP: $15.23SMA50: $16.03SMA200: $17.65

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FWRD Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FWRD Butterfly Map → + Track FWRD →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

33.3%/yr Implied 5Y Growth

vs. +0.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FWRD today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FWRD. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

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DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FWRD)

Industrials Rank #480 of 485 ⚔️ RLGT vs FWRD Full Matrix →

1. Head-to-Head Industrials Peer Comparison (FWRD vs. RLGT, HUBG, BCO, PSIG)

Industry: Integrated Freight & Logistics (16 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Forward Air Corporation (FWRD) ranks #480 by composite RQD confidence (23/100, grade E) and #285 by equity capitalization ($603.7M). Within this direct 5-issuer industry benchmark cohort, BCO leads on earnings valuation at 21.1x trailing P/E, while BCO leads on capital efficiency and profitability with 19.6% ROIC and 25.8% gross margin. RLGT currently holds the highest overall quantitative score in the immediate peer group at 53/100 (D+) compared with FWRD at 23/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FWRD ACTIVE Forward Air Corporation	E	23/100	—	—	1.7%	+1.88%	$603.7M	Benchmark Subject
RLGT Radiant Logistics Inc.	D+	53/100	24.7x	—	8.4%	+0.44%	$426.6M	/rlgt-vs-fwrd →
HUBG Hub Group Inc. (Class A)	D	50/100	—	—	—	+1.56%	$1.63B	/hubg-vs-fwrd →
BCO Brinks Company	D	46/100	21.1x	25.8%	19.6%	+2.00%	$4.21B	/bco-vs-fwrd →
PSIG PS International Group Ltd.	E	32/100	—	1.9%	-32.0%	+0.82%	$75.5M	/psig-vs-fwrd →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000912728

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Forward Air Corporation (FWRD) reported GAAP revenue of $2.50B (+0.8% vs. FY2024 revenue of $2.47B , and +82.0% cumulative change since FY2023) , GAAP net income of -$104.0M, operating cash flow of $0, and free cash flow of $0 . On the balance sheet, FWRD closed FY2025 with $2.72B in total assets against $1.69B in total debt (Altman Z-Score: 0.91, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$2.50B	-$104.0M	—	—	$2.72B	$1.69B
FY2024 (FY)	2024-12-31	$2.47B	-$820.0M	—	—	$2.80B	$1.68B
FY2023 (FY)	2023-12-31	$1.37B	$167.0M	—	—	—	—

3. FWRD Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FWRD stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Forward Air Corporation (NASDAQ: FWRD) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $17.87 (+1.88% 1D, market cap $603.7M). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 3/20, FRED Macro Regime Fit 5/20, and SEC Balance-Sheet Forensics 3/20. Across 485 tracked Industrials issuers, FWRD ranks #480 in composite RQD confidence.

How does FWRD compare to RLGT and HUBG in the Industrials sector?

Within the Industrials sector (Integrated Freight & Logistics), FWRD carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 1.7%. By comparison, RLGT (Radiant Logistics Inc.) holds a D+ grade (53/100 RQD, P/E 24.7x, ROIC 8.4%, cap $426.6M) and HUBG (Hub Group Inc. (Class A)) posts a D grade (50/100 RQD, P/E N/A, ROIC —, cap $1.63B). Among the 5-stock peer group, BCO leads on earnings multiple (21.1x) while BCO leads on capital efficiency (19.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FWRD?

Per FWRD's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000912728), Forward Air Corporation generated $2.50B in revenue (+0.8% YoY), -$104.0M in net income, and $0 in free cash flow against $2.72B in total assets and $1.69B in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FWRD trading relative to its 50-day, 200-day, and 52-week technical levels?

FWRD last traded at $17.87 (+1.88% on volume of 599,819 shares), positioning the stock +11.48% above its 50-day simple moving average ($16.03) and +1.25% above its 200-day simple moving average ($17.65). Across its 52-week range of $7.86 to $31.18, FWRD sits at the 42.9% percentile with a 14-day RSI of 64.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±11.0% ($15.90 to $19.84).

FWRD Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is FWRD's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for FWRD.

Direct Sub-Reports: FWRD RQD Cockpit FWRD 12M Forecast FWRD Earnings & Move FWRD Dividends & DRIP FWRD Insiders & 13F FWRD Whale Options FWRD Profit Sankey FWRD News & Why