Is Forward Industries Stock a Good Investment?
Forward Industries Investment Advice | FORD |
- Examine Forward Industries' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Forward Industries' leadership team and their track record. Good management can help Forward Industries navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Apparel, Accessories & Luxury Goods space and any emerging trends that could impact Forward Industries' business and its evolving consumer preferences.
- Compare Forward Industries' performance and market position to its competitors. Analyze how Forward Industries is positioned in terms of product offerings, innovation, and market share.
- Check if Forward Industries pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Forward Industries' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Forward Industries stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Forward Industries is a good investment.
Sell | Buy |
Sell
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 |
Examine Forward Industries Stock
Researching Forward Industries' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 17.0% of the company shares are held by company insiders. The book value of Forward Industries was currently reported as 1.26. The company recorded a loss per share of 0.91. Forward Industries had not issued any dividends in recent years. The entity had 1:10 split on the 18th of June 2024.
To determine if Forward Industries is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Forward Industries' research are outlined below:
| 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 Quarterly Cash And Short Term Investments |
|
Forward Industries uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Forward Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Forward Industries' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Forward Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Forward Industries' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2002-05-03 | 2002-03-31 | 0.02 | 0.01 | -0.01 | 50 | ||
2001-08-10 | 2001-06-30 | -0.04 | -0.05 | -0.01 | 25 | ||
2002-01-25 | 2001-12-31 | -0.02 | 0.02 | 0.04 | 200 |
Know Forward Industries' Top 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 originate 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 | 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 | 2024-09-30 | 10.1 K | Ubs Group Ag | 2024-06-30 | 3.8 K | Tower Research Capital Llc | 2024-06-30 | 1.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 1.2 K | 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 |
Forward Industries' market capitalization trends
The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.33 M.Market Cap |
|
Forward Industries' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.29) | (0.28) | |
| Return On Capital Employed | 0.03 | 0.02 | |
| Return On Assets | (0.25) | (0.23) | |
| Return On Equity | (1.64) | (1.56) |
Determining Forward Industries' profitability involves analyzing its financial statements and using various financial metrics to determine if Forward Industries is a good buy. For example, gross profit margin measures Forward Industries' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Forward Industries' profitability and make more informed investment decisions.
Forward Industries' Earnings Breakdown by Geography
Please note, the presentation of Forward Industries' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Forward Industries' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Forward Industries' management manipulating its earnings.
Evaluate Forward Industries' management efficiency
Forward Industries has return on total asset (ROA) of (0.0388) % which means that it has lost $0.0388 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3639) %, meaning that it created substantial loss on money invested by shareholders. Forward Industries' management efficiency ratios could be used to measure how well Forward Industries manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to -0.28. In addition to that, Return On Capital Employed is expected to decline to 0.02. At present, Forward Industries' Non Currrent Assets Other are projected to decrease significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 15.4 M, whereas Other Current Assets are forecasted to decline to about 741.5 K.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.30 | 0.28 | |
| Enterprise Value Over EBITDA | 149.10 | 156.55 | |
| Price Book Value Ratio | 33.61 | 26.28 | |
| Enterprise Value Multiple | 149.10 | 156.55 | |
| Price Fair Value | 33.61 | 26.28 | |
| Enterprise Value | 156.7 M | 223.7 M |
The strategic initiatives led by Forward Industries' management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 0.403 |
Basic technical analysis of Forward Stock
As of the 29th of November, Forward Industries shows the Mean Deviation of 3.52, downside deviation of 5.13, and Coefficient Of Variation of 2895.1. Forward Industries technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Forward Industries variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Forward Industries is priced favorably, providing market reflects its regular price of 4.06 per share. Given that Forward Industries has jensen alpha of (0.03), we urge you to verify Forward Industries's prevailing market performance to make sure the company can sustain itself at a future point.Forward Industries' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Forward Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Forward Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Forward Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Sangita Shah over a year ago Acquisition by Sangita Shah of 110803 shares of Forward Industries subject to Rule 16b-3 | ||
James Ziglar over a year ago Acquisition by James Ziglar of 14045 shares of Forward Industries subject to Rule 16b-3 |
Forward Industries' Outstanding Corporate Bonds
Forward Industries issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Forward Industries uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Forward bonds can be classified according to their maturity, which is the date when Forward Industries has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| US34984VAC46 Corp BondUS34984VAC46 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand Forward Industries' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Forward Industries' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0355 | |||
| Market Risk Adjusted Performance | 0.1146 | |||
| Mean Deviation | 3.52 | |||
| Semi Deviation | 4.67 | |||
| Downside Deviation | 5.13 | |||
| Coefficient Of Variation | 2895.1 | |||
| Standard Deviation | 7.81 | |||
| Variance | 61.05 | |||
| Information Ratio | 0.0185 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | 0.1046 | |||
| Maximum Drawdown | 72.86 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 5.37 | |||
| Downside Variance | 26.31 | |||
| Semi Variance | 21.77 | |||
| Expected Short fall | (4.14) | |||
| Skewness | 4.73 | |||
| Kurtosis | 34.68 |
| Risk Adjusted Performance | 0.0355 | |||
| Market Risk Adjusted Performance | 0.1146 | |||
| Mean Deviation | 3.52 | |||
| Semi Deviation | 4.67 | |||
| Downside Deviation | 5.13 | |||
| Coefficient Of Variation | 2895.1 | |||
| Standard Deviation | 7.81 | |||
| Variance | 61.05 | |||
| Information Ratio | 0.0185 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.92) | |||
| Sortino Ratio | 0.0282 | |||
| Treynor Ratio | 0.1046 | |||
| Maximum Drawdown | 72.86 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 5.37 | |||
| Downside Variance | 26.31 | |||
| Semi Variance | 21.77 | |||
| Expected Short fall | (4.14) | |||
| Skewness | 4.73 | |||
| Kurtosis | 34.68 |
Consider Forward Industries' intraday indicators
Forward Industries intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Forward Industries stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Forward Industries Corporate Filings
8K | 18th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 13th of November 2024 Other Reports | ViewVerify | |
F4 | 2nd of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 14th of August 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Forward Stock media impact
Far too much social signal, news, headlines, and media speculation about Forward Industries that are available to investors today. That information is available publicly through Forward media outlets and privately through word of mouth or via Forward internal channels. However, regardless of the origin, that massive amount of Forward data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Forward Industries news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Forward Industries relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Forward Industries' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Forward Industries alpha.
Forward Industries Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Forward Industries can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Forward Industries Corporate Management
| Anthony CPA | Chief Officer | Profile | |
| Thomas MCAD | Chief Kablooe | Profile | |
| Bob Wild | Chief Inc | Profile | |
| Anthony Camarda | Treasurer CFO | Profile |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.
In summary, please note that there is a difference between Forward Industries' value and its price, as these two are different measures arrived at by various 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.