Forward Industries Stock Today
| FORD Stock | USD 0.51 0.01 1.08% |
Performance0 of 100
| Odds Of DistressLess than 36
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Forward Industries is trading at 0.5054 as of the 18th of April 2024, a 1.08 percent up since the beginning of the trading day. The stock's lowest day price was 0.5. Forward Industries has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Forward Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 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 10.06 M outstanding shares of which 139.78 K shares are currently shorted by private and institutional investors with about 3.54 trading days to cover. More on Forward Industries
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Forward Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Forward Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Forward Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Interim CEO and Director | Michael Luetkemeyer | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Rubber and Plastic Products (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Apparel, 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 Based on the key indicators related to Forward Industries' liquidity, profitability, solvency, and operating efficiency, Forward Industries is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Forward Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Forward Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Forward Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to 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.
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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 5.33 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Forward Industries's market, we take the total number of its shares issued and multiply it by Forward Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Forward Industries conducts business under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. The entity has 10.06 M outstanding shares of which 139.78 K shares are currently shorted by private and institutional investors with about 3.54 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 AllocationForward Industries retains a total of 10.06 Million outstanding shares. Forward Industries retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Forward Ownership Details
Forward Stock Price Odds Analysis
What are Forward Industries' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Forward Industries jumping above the current price in 90 days from now is about 98.0%. The Forward Industries probability density function shows the probability of Forward Industries stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Forward Industries has a beta of 0.1778. This usually indicates as returns on the market go up, Forward Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Forward Industries will be expected to be much smaller as well. Additionally, forward Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Forward Industries to move above the current price in 90 days from now is about 98.0 (This Forward Industries probability density function shows the probability of Forward Stock to fall within a particular range of prices over 90 days) .
Forward Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Forward Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Forward Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Forward Industries' value.| Instituion | Recorded On | 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 Historical Income Statement
Forward Industries Income Statement is one of the three primary financial statements used for reporting Forward's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Forward Industries revenue and expense. Forward Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Forward Industries' EBITDA 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 Interest Expense is forecasted to decline to about 89.1 K. View More FundamentalsForward Stock Against Markets
Picking the right benchmark for Forward Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Forward Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Forward Industries is critical whether you are bullish or bearish towards Forward Industries at a given time. Please also check how Forward Industries' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Forward Industries without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Forward Industries Corporate Directors
Forward Industries corporate directors refer to members of a Forward Industries board of directors. The board of directors generally takes responsibility for the Forward Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Forward Industries' board members must vote for the resolution. The Forward Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Ziglar | Director | Profile | |
| Robert Neal | Director | Profile | |
| Joseph Mullin | Director | Profile | |
| Scott Fine | Lead Director | Profile |
How to buy Forward Stock?
Before investing in Forward Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Forward Industries. To buy Forward Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Forward Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Forward Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Forward Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Forward Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Forward Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Forward Stock please use our How to Invest in Forward Industries guide.
Already Invested in Forward Industries?
The danger of trading Forward Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Forward Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Forward Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Forward Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.