Forward Industries (FORD) Stock Price, News & Analysis

Company Overview

Forward Industries, Inc., together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates in two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS location devices, tablets, and firearms. The Design segment provides hardware and software product design and engineering services. The company sells its products to original equipment manufacturers in the United States, China, Germany, Poland, and internationally. Forward Industries, Inc. was incorporated in 1961 and is based in Hauppauge, New York.

Key Stats

• Today's Range: $3.67 to $3.91
• 50-Day Range: $3.30 to $5.38
• 52-Week Range: $3.10 to $8.29
• Volume: 10,669 shs
• Average Volume: 124,894 shs
• Market Capitalization: $4.20 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Forward Industries Stock Analysis - MarketRank™

Forward Industries scored higher than 19% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Forward Industries.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Forward Industries has a P/B Ratio of 1.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.20% of the float of Forward Industries has been sold short.

Short Interest Ratio / Days to Cover

Forward Industries has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forward Industries has recently decreased by 59.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Forward Industries does not currently pay a dividend.

Dividend Growth

Forward Industries does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.20% of the float of Forward Industries has been sold short.

Short Interest Ratio / Days to Cover

Forward Industries has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forward Industries has recently decreased by 59.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.22

News Sentiment

Forward Industries has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Forward Industries this week, compared to 5 articles on an average week.

Search Interest

46 people have searched for FORD on MarketBeat in the last 30 days. This is an increase of 24% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Forward Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.40% of the stock of Forward Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

FORD Stock Analysis - Frequently Asked Questions

How have FORD shares performed this year?

Forward Industries' stock was trading at $7.2940 on January 1st, 2024. Since then, FORD shares have decreased by 47.9% and is now trading at $3.80.
View the best growth stocks for 2024 here.

How were Forward Industries' earnings last quarter?

Forward Industries, Inc. (NASDAQ:FORD) released its quarterly earnings data on Friday, February, 14th. The textile maker reported ($0.10) earnings per share (EPS) for the quarter. The textile maker earned $8.39 million during the quarter. Forward Industries had a negative net margin of 10.22% and a negative trailing twelve-month return on equity of 52.85%.

When did Forward Industries' stock split?

Shares of Forward Industries reverse split before market open on Tuesday, June 18th 2024. The 1-10 reverse split was announced on Friday, June 14th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, June 17th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How do I buy shares of Forward Industries?

Shares of FORD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Forward Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Forward Industries investors own include Ford Motor (F), Meta Platforms (META), NVIDIA (NVDA), General Motors (GM), Advanced Micro Devices (AMD), TrueCar (TRUE) and Tesla (TSLA).

Company Calendar

• Last Earnings: 2/14/2020
• Today: 11/21/2024
• Next Earnings (Estimated): 12/18/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Plastics products, not elsewhere classified
• Sub-Industry: Rubber And Plastic Products
• Current Symbol: NASDAQ:FORD
• CUSIP: N/A
• CIK: 38264
• Web: www.forwardindustries.com
• Phone: (561) 465-0030
• Fax: 954-360-2530
• Employees: 100
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-3,740,000.00
• Net Margins: -10.22%
• Pretax Margin: -3.35%
• Return on Equity: -52.85%
• Return on Assets: -6.67%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.86
• Quick Ratio: 0.84

Sales & Book Value

• Annual Sales: $36.69 million
• Price / Sales: 0.12
• Cash Flow: $0.48 per share
• Price / Cash Flow: 8.20
• Book Value: $2.60 per share
• Price / Book: 1.50

Miscellaneous

• Outstanding Shares: 1,100,000
• Free Float: 810,000
• Market Cap: $4.30 million
• Optionable: Not Optionable
• Beta: 0.40