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FORD 
Forward Industries Inc (FORD)
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Upturn Advisory Summary
10/31/2025: FORD (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 151.77% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/31/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 6.82M USD | Price to earnings Ratio - | 1Y Target Price 2.28 |
Price to earnings Ratio - | 1Y Target Price 2.28 | ||
Volume (30-day avg) - | Beta 0.57 | 52 Weeks Range 3.10 - 8.97 | Updated Date 06/29/2025 |
52 Weeks Range 3.10 - 8.97 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.34 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -11.55% | Operating Margin (TTM) -58.34% |
Management Effectiveness
Return on Assets (TTM) -14.72% | Return on Equity (TTM) -137.42% |
Valuation
Trailing PE - | Forward PE 44.44 | Enterprise Value 13321228 | Price to Sales(TTM) 0.25 |
Enterprise Value 13321228 | Price to Sales(TTM) 0.25 | ||
Enterprise Value to Revenue 0.48 | Enterprise Value to EBITDA 20.89 | Shares Outstanding 1126000 | Shares Floating 608175 |
Shares Outstanding 1126000 | Shares Floating 608175 | ||
Percent Insiders 29.83 | Percent Institutions 8.47 |
Upturn AI SWOT
Forward Industries Inc
Company Overview
History and Background
Forward Industries, Inc. was founded in 1962. Initially focused on producing carrying cases for various products, the company has evolved to design, manufacture, and distribute carrying solutions, primarily for medical technology, handheld devices, and diagnostic equipment.
Core Business Areas
- Carry and Protection Solutions: Design, manufacture, and distribution of custom and off-the-shelf carrying cases, bags, and other protection solutions for a wide range of products. They focus on solutions for medical technology, handheld devices, diagnostic equipment and consumer electronics.
- Design and Engineering Services: Provides design and engineering services to develop custom carrying solutions for specific customer needs.
- Distribution of Related Products: Distributes complementary products alongside their carrying solutions, such as cables, chargers, and screen protectors.
Leadership and Structure
Craig Soss is the current Chief Executive Officer and Director. The company has a typical corporate structure with a board of directors and various departments, including sales, marketing, engineering, and manufacturing.
Top Products and Market Share
Key Offerings
- Medical Device Carrying Cases: Custom-designed cases for portable medical devices such as glucose monitors, ventilators, and diagnostic equipment. Market share data is not readily available for this specific niche, but the medical device accessories market is highly competitive. Competitors include Case Medical, Pelican, and various custom case manufacturers. Revenue generated from this product line is significant and a core of the business model. Market share data is proprietary.
- Handheld Device Cases: Carrying cases and protection solutions for handheld electronic devices, including tablets, smartphones, and barcode scanners. Competitors include OtterBox, Incipio, and other consumer electronics accessory manufacturers. Market share data is not readily available for this segment. Market share data is proprietary.
- Diagnostic Equipment Cases: Specialized cases for transporting and protecting diagnostic equipment used in field and clinical settings. Market share data is not readily available for this segment. Market share data is proprietary.
Market Dynamics
Industry Overview
The market for carrying cases and protection solutions is fragmented and competitive. Demand is driven by the growth of the medical device, consumer electronics, and diagnostic equipment industries. Trends include a focus on custom solutions, durable materials, and enhanced protection features.
Positioning
Forward Industries is positioned as a provider of custom and off-the-shelf carrying solutions for specialized applications, particularly in the medical and diagnostic equipment markets. Its competitive advantage lies in its design capabilities and ability to offer tailored solutions.
Total Addressable Market (TAM)
The total addressable market for carrying cases and protection solutions is estimated to be in the billions of dollars globally, driven by the growth of the medical device and electronics industries. Forward Industries is positioned to capture a share of this TAM by focusing on niche markets and custom solutions. While exact TAM figures are difficult to pinpoint without more granular market research, Forward Industries focuses on sectors experiencing substantial growth.
Upturn SWOT Analysis
Strengths
- Custom design capabilities
- Strong relationships with medical device manufacturers
- Global manufacturing and distribution network
- Experience in specialized carrying solutions
Weaknesses
- Dependence on a few key customers
- Limited brand recognition in the consumer market
- Vulnerability to fluctuations in material costs
- Smaller size relative to larger competitors
Opportunities
- Expanding into new markets and applications
- Developing innovative carrying solutions with enhanced features
- Acquiring complementary businesses
- Increasing focus on sustainable and eco-friendly materials
Threats
- Increased competition from low-cost manufacturers
- Economic downturns impacting demand for medical devices and electronics
- Changes in regulations affecting the medical device industry
- Disruptions in the supply chain
Competitors and Market Share
Key Competitors
- PELI
- OTTR
- CASM
Competitive Landscape
Forward Industries competes in a fragmented market with a mix of large and small players. It's advantages lie in its custom design capabilities and its niche market focus, but must contend with larger companies that have greater resources and brand recognition.
Growth Trajectory and Initiatives
Historical Growth: Detailed recent financial statements are needed to complete this section. Without up-to-date financials from the company it is not possible to complete the requested analysis.
Future Projections: Future growth depends on successfully navigating market competition and expanding into new applications. Analyst estimates are not readily available. Further research would be needed.
Recent Initiatives: Without access to the most recent company reports and press releases, it is impossible to determine current and ongoing recent strategic initiatives for the company.
Summary
Forward Industries is a specialized carrying solutions provider focusing on medical and diagnostic equipment. While it has custom design strengths and established relationships, the company faces competition from larger players and is vulnerable to market fluctuations. Its future depends on expanding into new markets and applications. The company's financial performance requires review of recent financial statements to determine if it is on a healthy financial footing.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Website
- Market Research Reports
- Financial News Articles
Disclaimers:
This analysis is based on available information and general market knowledge. Specific financial data and market share information may not be publicly available. The AI-based rating is an opinion and should not be considered financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Forward Industries Inc
Exchange NASDAQ | Headquaters Hauppauge, NY, United States | ||
IPO Launch date 1995-06-15 | CEO - | ||
Sector Consumer Cyclical | Industry Footwear & Accessories | Full time employees 100 | Website https://forwardindustries.com |
Full time employees 100 | Website https://forwardindustries.com | ||
Forward Industries, Inc., together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions. The company operates through OEM Distribution and Design segments. The OEM Distribution segment sources and distributes 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, GPS location devices, tablets, and firearms. The Design segment provides hardware and software product design and engineering services. Forward Industries, Inc. sells its products to original equipment manufacturers in the United States, Poland, Germany, China, and internationally. The company was incorporated in 1961 and is based in Hauppauge, New York.
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