Forward Industries, Inc. [FORD] Is Currently 20.21 above its 200 Period Moving Avg: What Does This Mean?

Forward Industries, Inc. [NASDAQ: FORD] surged by $0.79 during the normal trading session on while it closed the day at $4.70.

Forward Industries, Inc. stock has also gained 28.77% of its value over the past 7 days. However, FORD stock has declined by -15.24% in the 3 months of the year. Over the past six months meanwhile, it has lost -35.53% and lost -35.56% year-on date.

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The market cap for FORD stock reached $4.75 million, with 1.01 million shares outstanding and 0.69 million shares in the current float. Compared to the average trading volume of 10.35K shares, FORD reached a trading volume of 3336361 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Forward Industries, Inc. [FORD]:

The Average True Range (ATR) for Forward Industries, Inc. is set at 0.72, with the Price to Sales ratio for FORD stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 2.67, with the Price to Cash per share for the same quarter was set at 2.24. Price to Free Cash Flow for FORD in the course of the last twelve months was 10.32 with Quick ratio for the last quarter at 0.85.

FORD stock trade performance evaluation

Forward Industries, Inc. [FORD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.77. With this latest performance, FORD shares dropped by -9.67% in over the last four-week period, additionally sinking by -35.53% over the last 6 months – not to mention a drop of -50.01% 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 53.31, with the RSI for the last a single of trading hit 58.51, and the three-weeks RSI is set at 50.49 for Forward Industries, Inc. [FORD]. The present Moving Average for the last 50 days of trading for this stock 4.88, while it was recorded at 4.03 for the last single week of trading, and 6.36 for the last 200 days.

Forward Industries, Inc. [FORD]: An insightful look at the core fundamentals

Forward Industries, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 0.88.

Forward Industries, Inc. [FORD]: Institutional Ownership

The top three institutional holders of FORD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in FORD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in FORD stock with ownership which is approximately 5.1238%.

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