Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
The latest announcement is out from Forward Industries ( (FORD) ).
Forward Industries, Inc. announced an amendment to extend the term of its Buying Agency and Supply Agreement with Forward Industries (Asia-Pacific) Corporation to May 9, 2025. This extension, originally set to expire on May 2, 2025, involves FC, which is owned by the Company’s CEO and Chairman. Additionally, Paul Severino, President of the Company’s subsidiary Intelligent Product Solutions, Inc., resigned effective May 30, 2025.
Spark’s Take on FORD Stock
According to Spark, TipRanks’ AI Analyst, FORD is a Neutral.
Forward Industries’ stock score is primarily impacted by its weak financial performance, marked by declining revenues, negative margins, and high leverage. While technical indicators show positive momentum, the valuation reflects ongoing losses, creating a mixed outlook. Investors should be cautious, considering the financial difficulties despite current market trends.
To see Spark’s full report on FORD stock, click here.
More about Forward Industries
Average Trading Volume: 38,121
Technical Sentiment Signal: Hold
Current Market Cap: $8.82M
For detailed information about FORD stock, go to TipRanks’ Stock Analysis page.