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Forward Industries (FORD)
NASDAQ:FORD
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Forward Industries
(NASDAQ:FORD)
42Neutral
Forward Industries (FORD) vs. S&P 500 (SPY)
Market Cap
$4.17M
Dividend YieldN/A
Average Volume (3M)12.42K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth-10.21%
EPS Growth41.17%
CountryUS
Employees100
SectorConsumer Cyclical
Sector Strength48
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-2.14
Shares Outstanding1,101,069
10 Day Avg. Volume13,106
30 Day Avg. Volume12,422
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.14
Price to Cash Flow (P/CF)-2.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Forward Industries Business Overview & Revenue Model
Company DescriptionForward Industries (FORD) is a publicly traded company specializing in the design and distribution of custom carry and protective solutions. Operating within the consumer and industrial sectors, the company provides a wide range of products including soft-sided carrying cases, bags, backpacks, and protective solutions for medical devices, portable electronics, and more. Forward Industries serves a diverse clientele ranging from healthcare providers to tech companies, offering both branded and private-label products.
How the Company Makes MoneyForward Industries generates revenue primarily through the sale of its custom carry and protective solution products. The company designs and manufactures a variety of carrying cases and bags tailored to specific customer needs, often working directly with manufacturers of portable electronics and medical devices to create specialized solutions. Revenue streams include direct sales to businesses within the healthcare, consumer electronics, and industrial markets, as well as through partnerships with retailers and distributors. Significant factors contributing to its earnings include the company's ability to innovate and provide customized solutions that meet the specific requirements of its clients, enhancing both functionality and brand value.
Forward Industries Financial Statement Overview
Summary
Forward Industries is facing significant financial challenges, with declining revenues, negative profitability margins, and a leveraged balance sheet. The combination of these factors suggests potential liquidity and operational risks that need addressing to improve financial health.Income Statement
The company's income statement reveals declining revenue with a significant drop from the previous year, alongside worsening net losses. The gross profit margin stands at approximately 20.28% TTM, indicating some control over production costs. However, both EBIT and EBITDA margins are negative, reflecting operational inefficiencies and significant losses. The revenue growth rate has been negative, indicating a concerning trend in sales performance.45
Neutral
Balance Sheet
The balance sheet shows a high debt-to-equity ratio of 1.26 TTM, which may pose financial risks. Stockholders' equity has decreased, affecting the equity ratio, which is around 16.89% TTM, indicating a leveraged position. The return on equity is negative due to the net loss, highlighting challenges in generating returns for shareholders.40
Negative
Cash Flow
Operating cash flow has turned negative TTM, signaling potential liquidity issues. The free cash flow to net income ratio is unfavorable, and free cash flow growth has also decreased. These factors underscore challenges in cash generation and sustainability.35
Negative
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 29.66M | 29.61M | 36.69M | 42.34M | 39.02M | 34.48M | Gross Profit |
| 6.01M | 6.21M | 8.36M | 8.37M | 8.13M | 6.64M | EBIT |
| -2.26M | -1.93M | 159.66K | -1.24M | -765.00K | -967.38K | EBITDA |
| -1.86M | -1.53M | 598.81K | 897.71K | -437.71K | -1.32M | Net Income Common Stockholders |
| -2.30M | -1.95M | -3.74M | -1.38M | 523.80K | -1.78M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.61M | 3.02M | 3.18M | 2.58M | 1.41M | 2.92M | Total Assets |
| 13.49M | 14.77M | 17.39M | 20.94M | 19.86M | 19.36M | Total Debt |
| 2.88M | 2.83M | 4.35M | 5.03M | 5.50M | 7.76M | Net Debt |
| 273.83K | -188.65K | 1.17M | 2.45M | 4.09M | 4.84M | Total Liabilities |
| 11.21M | 11.80M | 14.77M | 14.67M | 12.41M | 12.77M | Stockholders Equity |
| 2.28M | 2.97M | 2.62M | 6.27M | 7.44M | 6.58M |
| Cash Flow | Free Cash Flow | ||||
| -169.91K | 341.97K | 904.95K | 1.37M | -595.52K | -331.40K | Operating Cash Flow |
| -118.85K | 407.12K | 1.04M | 1.53M | -528.31K | -262.95K | Investing Cash Flow |
| -51.06K | -65.15K | -136.08K | -169.63K | -67.21K | -390.06K | Financing Cash Flow |
| -250.00K | -500.00K | -300.00K | -200.00K | -918.74K | 484.82K |
Forward Industries Technical Analysis
Negative
3.79
Price Trends
5.15
Negative
4.73
Negative
4.35
Negative
Market Momentum
-0.41
Negative
37.10
Neutral
70.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FORD, the sentiment is Negative. The current price of 3.79 is below the 20-day moving average (MA) of 4.10, below the 50-day MA of 5.15, and below the 200-day MA of 4.35, indicating a bearish trend. The MACD of -0.41 indicates Negative momentum. The RSI at 37.10 is Neutral, neither overbought nor oversold. The STOCH value of 70.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FORD.
Forward Industries Risk Analysis
Forward Industries disclosed 36 risk factors in its most recent earnings report. Forward Industries reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Forward Industries Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $700.93M | 18.92 | 8.85% | 0.56% | -11.34% | -41.23% | |
61 Neutral | $2.78B | ― | -6.10% | ― | -1.21% | -4.63% | |
61 Neutral | $964.39M | 21.91 | 11.68% | 0.33% | -16.41% | -44.24% | |
59 Neutral | $12.50B | 11.24 | 1.20% | 3.72% | 1.27% | -20.93% | |
57 Neutral | $167.77M | 42,450.00 | 0.17% | 0.71% | -9.99% | -97.85% | |
51 Neutral | $417.18M | 54.31 | 1.48% | ― | -13.77% | -85.22% | |
42 Neutral | $4.17M | ― | -99.06% | ― | -10.21% | 41.17% |
* Consumer Cyclical Sector Average
Performance Comparison
FORD
Forward Industries
3.79
-2.16
-36.30%
MRCY
Mercury Systems
46.55
19.22
70.33%
PLPC
Preformed Line Products Company
146.85
26.11
21.62%
KE
Kimball Electronics
17.23
-3.57
-17.16%
CSPI
CSP
15.78
-3.20
-16.86%
BELFA
Bel Fuse
75.51
4.21
5.90%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.