Forward Industries Stock Buy Hold or Sell Recommendation
| FORD Stock | USD 4.06 0.13 3.31% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Forward Industries is 'Buy'. 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.
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. Note, we conduct extensive research on individual companies such as Forward and provide practical buy, sell, or hold advice based on investors' constraints. 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.
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
 |  |
Buy
Market Performance | Insignificant | Details | |
Volatility | Very risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Forward Industries Trading Alerts and Improvement Suggestions
| Forward Industries had very high historical volatility over the last 90 days | |
| 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 17.0% of the company shares are held by company insiders | |
| Latest headline from ibtimes.com: Walmart Caves To Right And Cuts DEI Programs We Arent Perfect |
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 | 0.41 | Value At Risk | -5.1 | Potential Upside | 5.37 | Standard Deviation | 7.78 |
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
| Shares | Millennium Management Llc | 2024-06-30 | 0.0 | Geode Capital Management, Llc | 2024-06-30 | 0.0 | Renaissance Technologies Corp | 2024-09-30 | 52 K | Blackrock Inc | 2024-06-30 | 28.3 K | Vanguard Group Inc | 3124-09-30 | 10.1 K | Tower Research Capital Llc | 2024-09-30 | 1.3 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 581 | Bank Of America Corp | 2024-06-30 | 296 | Advisor Group Holdings, Inc. | 2024-06-30 | 2.0 | State Street Corp | 2024-06-30 | 0.0 | Wells Fargo & Co | 2024-06-30 | 0.0 |
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 | 8.8K | 10.1K | 10.6K | |
| 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 Dow Jones | 0.09 | |
β | Beta against Dow Jones | 2.43 | |
σ | Overall volatility | 7.83 | |
Ir | Information ratio | 0.04 |
Forward Industries Volatility Alert
Forward Industries is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Forward Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Forward Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.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 | -0.36 | -0.31 |
| Return On Asset | -0.0388 | -0.14 |
| Profit Margin | (0.10) % | (1.27) % |
| Operating Margin | (0.05) % | (5.51) % |
| Current Valuation | 5.45 M | 16.62 B |
| Shares Outstanding | 1.1 M | 571.82 M |
| Shares Owned By Insiders | 17.05 % | 10.09 % |
| Shares Owned By Institutions | 8.60 % | 39.21 % |
| Number Of Shares Shorted | 27.59 K | 4.71 M |
| Price To Earning | 33.29 X | 28.72 X |
| Price To Book | 3.21 X | 9.51 X |
| Price To Sales | 0.14 X | 11.42 X |
| Revenue | 36.69 M | 9.43 B |
| Gross Profit | 8.37 M | 27.38 B |
| EBITDA | 598.81 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 | 1.26 X | 1.93 K |
| Cash Flow From Operations | 1.04 M | 971.22 M |
| Short Ratio | 0.69 X | 4.00 X |
| Earnings Per Share | (0.91) X | 3.12 X |
| Target Price | 2.28 | |
| Number Of Employees | 100 | 18.84 K |
| Beta | 0.4 | -0.15 |
| Market Capitalization | 4.4 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.
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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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.