How to buy Forward Industries stock | $2.19

Forward Industries Inc is a footwear & accessories business based in the US. Forward Industries shares (FORD) are listed on the NASDAQ and all prices are listed in US Dollars. Forward Industries employs 85 staff and has a trailing 12-month revenue of around 0.00.

Forward Industries stock price (NASDAQ: FORD)

Use our graph to track the performance of FORD stocks over time.

Forward Industries shares at a glance

• Key figures

Information last updated 2021-10-16.

Latest market close	$2.19
52-week range	$1.45 - $4.87
50-day moving average	$2.33
200-day moving average	$2.61
Wall St. target price	$2.28
PE ratio	42.9412
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.05

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Is it a good time to buy Forward Industries stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Forward Industries price performance over time

Historical closes compared with the close of $2.19 from 2021-10-20

1 week (2021-10-13)	0.46%
1 month (2021-09-17)	N/A
3 months (2021-07-21)	-19.78%
6 months (2021-04-21)	-18.89%

1 year (2020-10-21)	43.61%
2 years (2019-10-21)	121.21%
3 years (2018-10-19)	48.98%
5 years (2016-10-21)	92.11%

Is Forward Industries under- or over-valued?

Valuing Forward Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Forward Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Forward Industries's P/E ratio

Forward Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 43x. In other words, Forward Industries shares trade at around 43x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Forward Industries financials

Revenue TTM	$36.7 million
Gross profit TTM	$6.6 million
Return on assets TTM	-2.02%
Return on equity TTM	7.33%
Profit margin	1.37%
Book value	$0.75
Market capitalisation	$22 million

TTM: trailing 12 months

Shorting Forward Industries shares

There are currently 327,215 Forward Industries shares held short by investors – that's known as Forward Industries's "short interest". This figure is 0.1% up from 326,928 last month.

There are a few different ways that this level of interest in shorting Forward Industries shares can be evaluated.

Forward Industries's "short interest ratio" (SIR)

Forward Industries's "short interest ratio" (SIR) is the quantity of Forward Industries shares currently shorted divided by the average quantity of Forward Industries shares traded daily (recently around 87257.333333333). Forward Industries's SIR currently stands at 3.75. In other words for every 100,000 Forward Industries shares traded daily on the market, roughly 3750 shares are currently held short.

However Forward Industries's short interest can also be evaluated against the total number of Forward Industries shares, or, against the total number of tradable Forward Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Forward Industries's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Forward Industries shares in existence, roughly 30 shares are currently held short) or 0.0538% of the tradable shares (for every 100,000 tradable Forward Industries shares, roughly 54 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Forward Industries.

Find out more about how you can short Forward Industries stock.

Forward Industries share dividends

We're not expecting Forward Industries to pay a dividend over the next 12 months.

Have Forward Industries's shares ever split?

Forward Industries's shares were split on a 1:2 basis on 23 December 1997. So if you had owned 2 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Forward Industries shares – just the quantity. However, indirectly, the new 100% higher share price could have impacted the market appetite for Forward Industries shares which in turn could have impacted Forward Industries's share price.

Forward Industries share price volatility

Over the last 12 months, Forward Industries's shares have ranged in value from as little as $1.45 up to $4.87. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Forward Industries's is 0.964. This would suggest that Forward Industries's shares are less volatile than average (for this exchange).

Forward Industries overview

Forward Industries, Inc. , together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for hand held electronic devices. It provides carrying cases and other accessories for medical monitoring and diagnostic kits; and other portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, smartphones, GPS location devices, tablets, firearms, and other products. The company sells its products to original equipment manufacturers in the Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Forward Industries, Inc. was incorporated in 1961 and is headquartered in Hauppauge, New York. .

Frequently asked questions

What percentage of Forward Industries is owned by insiders or institutions?
Currently 32.902% of Forward Industries shares are held by insiders and 15.795% by institutions. How many people work for Forward Industries?
Latest data suggests 85 work at Forward Industries. When does the fiscal year end for Forward Industries?
Forward Industries's fiscal year ends in September. Where is Forward Industries based?
Forward Industries's address is: 700 Veterans Memorial Highway, Hauppauge, NY, United States, 11788 What is Forward Industries's ISIN number?
Forward Industries's international securities identification number is: US3498623004 What is Forward Industries's CUSIP number?
Forward Industries's Committee on Uniform Securities Identification Procedures number is: 349862102