Forward Industries Stock Today

FORD Stock  USD 4.06  0.13  3.31%   

Performance

3 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Less than 35

 
High
 
Low
Below Average
Forward Industries is trading at 4.06 as of the 30th of November 2024, a 3.31 percent increase since the beginning of the trading day. The stock's lowest day price was 3.85. Forward Industries has about a 35 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Forward Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain
Consumer Durables & Apparel
IPO Date
15th of June 1995
Category
Consumer Cyclical
Classification
Consumer Discretionary
Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. Forward Industries, Inc. was incorporated in 1961 and is headquartered in Hauppauge, New York. The company has 1.1 M outstanding shares of which 27.59 K shares are currently shorted by private and institutional investors with about 0.69 trading days to cover. More on Forward Industries

Moving against Forward Stock

  0.39NKE Nike Inc Aggressive PushPairCorr
  0.35HAS Hasbro IncPairCorr

Forward Stock Highlights

ESG Sustainability
Environmental
Governance
Social
Chairman and CEOTerence Wise
Thematic IdeaRubber and Plastic Products (View all Themes)
Business ConcentrationApparel, Accessories & Luxury Goods, Consumer Durables & Apparel, Consumer Discretionary, NASDAQ Composite, NASDAQ Composite Total, Rubber and Plastic Products, Consumer Discretionary, Textiles, Apparel & Luxury Goods, Footwear & Accessories, Consumer Cyclical (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.431.9
Way Down
Pretty Stable
Gross Profit Margin0.260.228
Fairly Up
Slightly volatile
Total Current Liabilities13.1 M12.5 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.4 M3.5 M
Notably Down
Slightly volatile
Total Assets17.5 M20 M
Fairly Down
Slightly volatile
Total Current Assets15.4 M13.1 M
Fairly Up
Very volatile
Debt Levels
Forward Industries can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Forward Industries' financial leverage. It provides some insight into what part of Forward Industries' total assets is financed by creditors.
Liquidity
Forward Industries currently holds 4.35 M in liabilities with Debt to Equity (D/E) ratio of 0.75, which is about average as compared to similar companies. Forward Industries has a current ratio of 1.42, which is within standard range for the sector. Note, when we think about Forward Industries' use of debt, we should always consider it together with its cash and equity.

Change In Cash

571,674
Forward Industries (FORD) is traded on NASDAQ Exchange in USA. It is located in 700 Veterans Memorial Highway, Hauppauge, NY, United States, 11788 and employs 100 people. Forward Industries is listed under Apparel, Accessories & Luxury Goods category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.47 M. Forward Industries conducts business under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. The entity has 1.1 M outstanding shares of which 27.59 K shares are currently shorted by private and institutional investors with about 0.69 trading days to cover. Forward Industries currently holds about 2.28 M in cash with 1.04 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23.
Check Forward Industries Probability Of Bankruptcy
Ownership Allocation
Forward Industries shows 17.05 percent of its outstanding shares held by insiders and 8.6 percent owned by other corporate entities.
Check Forward Ownership Details

Forward Stock Institutional Holders

InstituionRecorded OnShares
Millennium Management Llc2024-06-30
0.0
Geode Capital Management, Llc2024-06-30
0.0
Renaissance Technologies Corp2024-09-30
52 K
Blackrock Inc2024-06-30
28.3 K
Vanguard Group Inc2024-09-30
10.1 K
Ubs Group Ag2024-06-30
3.8 K
Tower Research Capital Llc2024-06-30
1.3 K
Morgan Stanley - Brokerage Accounts2024-06-30
1.2 K
Bank Of America Corp2024-06-30
296
Advisor Group Holdings, Inc.2024-06-30
2.0
State Street Corp2024-06-30
0.0
View Forward Industries Diagnostics

Forward Industries Historical Income Statement

At present, Forward Industries' EBIT is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 168.8 K, whereas Total Revenue is forecasted to decline to about 28.3 M. View More Fundamentals

Forward Stock Against Markets

Forward Industries Corporate Management

When determining whether Forward Industries is a strong investment it is important to analyze Forward Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Industries' future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Apparel, Accessories & Luxury Goods space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Industries. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.85)
Earnings Share
(0.91)
Revenue Per Share
31.168
Quarterly Revenue Growth
(0.09)
Return On Assets
(0.04)
The market value of Forward Industries is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Industries' value that differs from its market value or its book value, called intrinsic value, which is Forward Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Industries' market value can be influenced by many factors that don't directly affect Forward Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forward Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.