Forward Industries Stock Buy Hold or Sell Recommendation
| FORD Stock | USD 0.50 0.03 5.66% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Forward Industries is 'Strong Sell'. Macroaxis provides Forward Industries buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding FORD positions. The advice algorithm takes into account all of Forward Industries' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Forward Industries' buy or sell advice are summarized below:
Real Value 0.47 | Hype Value 0.5 | Market Value 0.5 | Naive Value 0.48 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Forward Industries given historical horizon and risk tolerance towards Forward Industries. When Macroaxis issues a 'buy' or 'sell' recommendation for Forward Industries, the advice is generated through an automated system that utilizes algorithms and statistical models.
Forward |
Execute Forward Industries Buy or Sell Advice
The Forward recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Forward Industries. Macroaxis does not own or have any residual interests in Forward Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Forward Industries' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Forward Industries Trading Alerts and Improvement Suggestions
| Forward Industries generated a negative expected return over the last 90 days | |
| Forward Industries has high historical volatility and very poor performance | |
| Forward Industries has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 36.69 M. Net Loss for the year was (3.74 M) with profit before overhead, payroll, taxes, and interest of 8.37 M. | |
| About 31.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: McKinley Thompson Jr. Broke Barriers And Developed Concepts That Led To The Bronco, Mustang And More At Ford Motor Co. |
Forward Industries Returns Distribution Density
The distribution of Forward Industries' historical returns is an attempt to chart the uncertainty of Forward Industries' future price movements. The chart of the probability distribution of Forward Industries daily returns describes the distribution of returns around its average expected value. We use Forward Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Forward Industries returns is essential to provide solid investment advice for Forward Industries.
| Mean Return | -0.39 | Value At Risk | -5.66 | Potential Upside | 5.17 | Standard Deviation | 5.68 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Forward Industries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Forward Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Forward Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Forward Industries backward and forwards among themselves. Forward Industries' institutional investor refers to the entity that pools money to purchase Forward Industries' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ubs Group Ag | 2023-12-31 | 2 K | Bank Of America Corp | 2023-12-31 | 1000 | Wells Fargo & Co | 2023-12-31 | 102 | Royal Bank Of Canada | 2023-09-30 | 100.0 | Advisor Group Holdings, Inc. | 2023-12-31 | 100.0 | Td Waterhouse Canada Inc | 2023-12-31 | 0.0 | Gmt Capital Corp | 2023-12-31 | 0.0 | Grassi Investment Management Llc | 2023-12-31 | 0.0 | Jpmorgan Chase & Co | 2023-12-31 | 0.0 | Renaissance Technologies Corp | 2023-12-31 | 529.3 K | Blackrock Inc | 2023-12-31 | 381.2 K |
Forward Industries Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 333.1K | (786.9K) | (1.7M) | 316.5K | 284.8K | 299.1K | |
| Change In Cash | (168.2K) | (1.5M) | 1.2M | 604.9K | 544.5K | 571.7K | |
| Free Cash Flow | (331.4K) | (595.5K) | 1.4M | 904.9K | 814.5K | 855.2K | |
| Depreciation | 272.0K | 327.3K | 309.2K | 315.9K | 363.3K | 381.5K | |
| Other Non Cash Items | (334K) | (20K) | 264.9K | 1.6M | 1.8M | 1.9M | |
| Capital Expenditures | 68.5K | 67.2K | 169.6K | 136.1K | 122.5K | 84.0K | |
| Net Income | (1.8M) | 523.8K | (1.4M) | (3.7M) | (3.4M) | (3.2M) | |
| End Period Cash Flow | 2.9M | 1.4M | 2.6M | 3.2M | 3.7M | 3.5M | |
| Investments | (390.1K) | (67.2K) | (169.6K) | (136.1K) | (122.5K) | (116.4K) | |
| Change To Netincome | 2.0M | 1.5M | (801.2K) | 466.1K | 419.5K | 432.1K | |
| Net Borrowings | 725.8K | 952.8K | (1.2M) | (200K) | (180K) | (171K) |
Forward Industries Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Forward Industries or Textiles, Apparel & Luxury Goods sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Forward Industries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Forward stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.41 | |
β | Beta against NYSE Composite | 0.18 | |
σ | Overall volatility | 5.82 | |
Ir | Information ratio | -0.08 |
Forward Industries Volatility Alert
Forward Industries exhibits very low volatility with skewness of 0.42 and kurtosis of 16.04. Forward Industries is a potential penny stock. Although Forward Industries may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Forward Industries. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Forward instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Forward Industries Fundamentals Vs Peers
Comparing Forward Industries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Forward Industries' direct or indirect competition across all of the common fundamentals between Forward Industries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Forward Industries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Forward Industries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Forward Industries by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Forward Industries to competition |
| Fundamentals | Forward Industries | Peer Average |
| Return On Equity | -0.0321 | -0.31 |
| Return On Asset | -0.003 | -0.14 |
| Profit Margin | (0.11) % | (1.27) % |
| Operating Margin | (0.05) % | (5.51) % |
| Current Valuation | 6.36 M | 16.62 B |
| Shares Outstanding | 10.06 M | 571.82 M |
| Shares Owned By Insiders | 31.00 % | 10.09 % |
| Shares Owned By Institutions | 13.23 % | 39.21 % |
| Number Of Shares Shorted | 139.78 K | 4.71 M |
| Price To Earning | 33.29 X | 28.72 X |
| Price To Book | 2.32 X | 9.51 X |
| Price To Sales | 0.16 X | 11.42 X |
| Revenue | 36.69 M | 9.43 B |
| Gross Profit | 8.37 M | 27.38 B |
| EBITDA | 212.87 K | 3.9 B |
| Net Income | (3.74 M) | 570.98 M |
| Cash And Equivalents | 2.28 M | 2.7 B |
| Cash Per Share | 0.23 X | 5.01 X |
| Total Debt | 4.35 M | 5.32 B |
| Debt To Equity | 0.75 % | 48.70 % |
| Current Ratio | 1.45 X | 2.16 X |
| Book Value Per Share | 0.23 X | 1.93 K |
| Cash Flow From Operations | 1.04 M | 971.22 M |
| Short Ratio | 3.54 X | 4.00 X |
| Earnings Per Share | (0.01) X | 3.12 X |
| Target Price | 2.28 | |
| Number Of Employees | 100 | 18.84 K |
| Beta | 0.41 | -0.15 |
| Market Capitalization | 5.33 M | 19.03 B |
| Total Asset | 17.39 M | 29.47 B |
| Retained Earnings | (17.69 M) | 9.33 B |
| Working Capital | 534.12 K | 1.48 B |
| Current Asset | 12.34 M | 9.34 B |
Note: Acquisition by Sangita Shah of 110803 shares of Forward Industries subject to Rule 16b-3 [view details]
Forward Industries Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Forward . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Forward Industries Buy or Sell Advice
When is the right time to buy or sell Forward Industries? Buying financial instruments such as Forward Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 5.0M | 4.3M | 5.0M | 3.3M | Total Assets | 20.9M | 17.4M | 20.0M | 17.5M |
Use Investing Ideas to Build Portfolios
In addition to having Forward Industries in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Cleaning
Compnanies producing and distributing cleaning products, supplies, and accessories. The Cleaning theme has 39 constituents at this time.
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Check out Forward Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Forward Stock analysis
When running Forward Industries' price analysis, check to measure Forward Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forward Industries is operating at the current time. Most of Forward Industries' value examination focuses on studying past and present price action to predict the probability of Forward Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forward Industries' price. Additionally, you may evaluate how the addition of Forward Industries to your portfolios can decrease your overall portfolio volatility.
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Is Forward Industries' industry 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 (0.01) | Revenue Per Share 3.388 | Quarterly Revenue Growth (0.27) | Return On Assets (0) |
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.