Forward Industries, Inc is a footwear & accessories business based in the US. Forward Industries shares (FORD.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $1.67 – an increase of 6.37% over the previous week. Forward Industries employs 85 staff and has a trailing 12-month revenue of around $34.5 million.
Since the stock market crash in March caused by coronavirus, Forward Industries's share price has had significant positive movement.
Its last market close was $1.67, which is 34.73% up on its pre-crash value of $1.09 and 85.06% up on the lowest point reached during the March crash when the shares fell as low as $0.9024.
If you had bought $1,000 worth of Forward Industries shares at the start of February 2020, those shares would have been worth $935.19 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,546.30.
|Latest market close||$1.67|
|52-week range||$0.9024 - $2.11|
|50-day moving average||$1.7615|
|200-day moving average||$1.5136|
|Wall St. target price||$2.28|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-0.17|
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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.
|1 week (2021-01-14)||-22.33%|
|1 month (2020-12-22)||-14.36%|
|3 months (2020-10-22)||7.74%|
|6 months (2020-07-21)||32.54%|
|1 year (2020-01-21)||46.49%|
|2 years (2019-01-18)||15.17%|
|3 years (2018-01-19)||-43.39%|
|5 years (2016-01-21)||33.60%|
|Revenue TTM||$34.5 million|
|Gross profit TTM||$6.6 million|
|Return on assets TTM||-2.63%|
|Return on equity TTM||-24.84%|
|Market capitalisation||$18.6 million|
TTM: trailing 12 months
There are currently 124,384 Forward Industries shares held short by investors – that's known as Forward Industries's "short interest". This figure is 16.3% down from 148,641 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) is the quantity of Forward Industries shares currently shorted divided by the average quantity of Forward Industries shares traded daily (recently around 105410.16949153). Forward Industries's SIR currently stands at 1.18. In other words for every 100,000 Forward Industries shares traded daily on the market, roughly 1180 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 0.01% of the outstanding shares (for every 100,000 Forward Industries shares in existence, roughly 10 shares are currently held short) or 0.0165% of the tradable shares (for every 100,000 tradable Forward Industries shares, roughly 17 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.
We're not expecting Forward Industries to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Forward Industries's shares were split on a 1:2 basis on 24 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.
Over the last 12 months, Forward Industries's shares have ranged in value from as little as $0.9024 up to $2.11. 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 1.2231. This would suggest that Forward Industries's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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.
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