Based on the Forward Industries stock forecasts from 1 analyst, the average analyst FORD stock price target is USD 2.50 over the next 12 months. Forward Industries Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Forward Industries stock is Bearish, which is based on 2 positive signals and 8 negative signals. At the last closing, Forward Industries stock price was USD 1.77. Forward Industries stock price has changed by +0.02% over the past week, +0.22% over the past month and -32.18% over the last year.
Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS devices, tablets, and firearms. The Retail Distribution segment sources and sells smart-enabled furniture and a range of other products through agreements with various retailers, including in stores and online retailer websites. The Design segment provides hardware and software product design and engineering services. 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.
What we like:
Forward Industries stock is less leveraged than its peers, and is among the top quartile, which makes it more flexible. However, do check the FORD stock price history and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Positive free cash flow:
Forward Industries stock had positive total free cash flow in the most recent four quarters.
What we don’t like:
Low market capitalization:
Forward Industries stock is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
FORD stock price history has shown that the total returns for the company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in Forward Industries stock.
Overpriced compared to earnings:
Forward Industries stock price is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced compared to book value:
Forward Industries stock price is trading high compared to its peers median on a price to book value basis.
Poor return on assets:
Forward Industries stock has delivered below median return on assets in the most recent 4 quarters compared to its peers.
Forward Industries stock had negative total cash flow in the most recent four quarters.
Overpriced on free cash flow basis:
Forward Industries stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth:
Forward Industries stock has shown below median earnings growth in the previous 5 years compared to its sector
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