Forward Industries Inc. [NASDAQ: FORD] gained 24.13% on the last trading session, reaching $3.91 price per share at the time. The company report on January 20, 2021 that SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Forward Industries, Inc. – FORD.
New York, New York–(Newsfile Corp. – January 19, 2021) – Levi & Korsinsky announces it has commenced an investigation of Forward Industries, Inc. (NASDAQ: FORD) concerning possible breaches of fiduciary duty. To obtain additional information, go to:.
Forward Industries Inc. represents 9.73 million in outstanding shares, while the company has a total market value of $37.11 million with the latest information. FORD stock price has been found in the range of $3.10 to $3.9994.
If compared to the average trading volume of 303.54K shares, FORD reached a trading volume of 1640660 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Forward Industries Inc. [FORD]:
The Average True Range (ATR) for Forward Industries Inc. is set at 0.41, with the Price to Sales ratio for FORD stock in the period of the last 12 months amounting to 1.08. The Price to Book ratio for the last quarter was 5.75, with the Price to Cash per share for the same quarter was set at 0.31.
Trading performance analysis for FORD stock
Forward Industries Inc. [FORD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 49.81. With this latest performance, FORD shares gained by 111.35% in over the last four-week period, additionally plugging by 183.33% over the last 6 months – not to mention a rise of 262.04% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FORD stock in for the last two-week period is set at 71.35, with the RSI for the last a single of trading hit 72.11, and the three-weeks RSI is set at 70.63 for Forward Industries Inc. [FORD]. The present Moving Average for the last 50 days of trading for this stock 2.08, while it was recorded at 3.44 for the last single week of trading, and 1.55 for the last 200 days.
Forward Industries Inc. [FORD]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Forward Industries Inc. [FORD] shares currently have an operating margin of -1.86 and a Gross Margin at +18.77. Forward Industries Inc.’s Net Margin is presently recorded at -5.15.
Return on Total Capital for FORD is now -5.11, given the latest momentum, and Return on Invested Capital for the company is -19.48. Return on Equity for this stock declined to -24.84, with Return on Assets sitting at -10.02. When it comes to the capital structure of this company, Forward Industries Inc. [FORD] has a Total Debt to Total Equity ratio set at 117.93. Additionally, FORD Total Debt to Total Capital is recorded at 54.11, with Total Debt to Total Assets ending up at 40.11. Long-Term Debt to Equity for the company is recorded at 59.27, with the Long-Term Debt to Total Capital now at 27.20.
Reflecting on the efficiency of the workforce at the company, Forward Industries Inc. [FORD] managed to generate an average of -$20,886 per employee. Receivables Turnover for the company is 4.82 with a Total Asset Turnover recorded at a value of 1.95.Forward Industries Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.40.
An analysis of insider ownership at Forward Industries Inc. [FORD]
There are presently around $5 million, or 14.10% of FORD stock, in the hands of institutional investors. The top three institutional holders of FORD stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 754,646, which is approximately 3.559% of the company’s market cap and around 4.20% of the total institutional ownership; BLACKROCK INC., holding 455,857 shares of the stock with an approximate value of $1.78 million in FORD stocks shares; and VANGUARD GROUP INC, currently with $0.45 million in FORD stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Forward Industries Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 8 institutional holders increased their position in Forward Industries Inc. [NASDAQ:FORD] by around 56,961 shares. Additionally, 2 investors decreased positions by around 329 shares, while 3 investors held positions by with 1,324,240 shares. The mentioned changes placed institutional holdings at 1,381,530 shares, according to the latest SEC report filing. FORD stock had 5 new institutional investments in for a total of 31,025 shares, while 1 institutional investors sold positions of 313 shares during the same period.