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Forward Industries Inc. (NASDAQ:FORD) Stock is Plummeting, Here is Why

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Forward Industries Inc. (FORD) shares are trading at lower $1.37.

To add more color to this target, the company’s high over the last year is $2.71 and the low is $0.78. Over the last 52 weeks, FORD is down -49.45% while the S&P 500 is up 0.32%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FORD reported a profit of $1.77 million. Forward Industries Inc. also saw revenues increase to $9.55 million. In addition, FORD has free cash flow of -$0.82 million as of 06-2020. The company’s EBITDA came in at -$0.27 million which compares well with its peers.

FORD booked profit margins of -9.60%, its Return on Equity (ROE) is -43.50%, and its Return on Assets is -19.90%. All told, it is clear that, FORD needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FORD has a short ratio of 0.80 and outstanding shares of 9.53M.

Company Outlook

FORD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 67930.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.36. Forward Industries Inc. FORD also noted assets of $18.64 million at the end of the last quarter. Investors should also keep an eye on sector updates as FORD has historically followed its peers on positive news.

All told, Forward Industries Inc. FORD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FORD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Forward Industries Inc. FORD is now commanding a market cap of 13.21M and a float of 6.25M. FORD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FORD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FORD, either long or short, and we have not been compensated for this article.

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