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Forward Industries Inc (FORD)



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Upturn Advisory Summary
08/14/2025: FORD (3-star) is a STRONG-BUY. BUY since 27 days. Profits (76.20%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 131.09% | Avg. Invested days 29 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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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, founded in 1962, designs and sources custom carrying solutions and accessories for various industries. Initially focused on leather products, it has evolved to offer a wide range of protective cases and accessories.
Core Business Areas
- Carry Solutions: Design, sourcing, and distribution of custom-designed cases, bags, and accessories for handheld devices, medical equipment, and other products.
Leadership and Structure
Forward Industries' leadership includes a CEO, CFO, and a board of directors. The organizational structure typically involves departments for sales, marketing, operations, finance, and product development.
Top Products and Market Share
Key Offerings
- Custom Cases and Bags: Protective cases and bags for medical devices, tablets, laptops, and other electronic equipment. While specific market share is not readily available, this is a competitive market with many providers. Competitors include Case Logic, Pelican, and OtterBox (via product line diversification).
Market Dynamics
Industry Overview
The carrying case and accessories industry is driven by the demand for protection and portability of electronic devices and medical equipment. Growth is influenced by technology trends and consumer preferences.
Positioning
Forward Industries specializes in custom-designed solutions, often serving niche markets with specific requirements. Their competitive advantage lies in their design capabilities and sourcing expertise.
Total Addressable Market (TAM)
The global protective case market is estimated to be in billions of USD. Forward Industries targets specific segments within this market through custom designs, positioning them to capture a share of the medical and electronics markets.
Upturn SWOT Analysis
Strengths
- Custom design capabilities
- Sourcing expertise
- Established relationships with manufacturers
- Experience in various industries
Weaknesses
- Reliance on few customers
- Small scale compared to larger competitors
- Vulnerable to supply chain disruptions
- Limited brand recognition
Opportunities
- Expanding into new markets
- Developing innovative carrying solutions
- Partnering with device manufacturers
- Increasing online presence
Threats
- Increased competition
- Changing technology trends
- Economic downturns
- Fluctuations in raw material costs
Competitors and Market Share
Key Competitors
- OTTR
- MLKN
- CLGX
Competitive Landscape
Forward Industries competes with larger companies with greater resources. Its advantage lies in its custom design capabilities and niche market focus.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been moderate and fluctuates depending on contracts and market demand.
Future Projections: Future growth depends on securing new contracts and expanding into new markets. Analyst estimates are important to keep track of.
Recent Initiatives: Recent initiatives include focusing on high-growth market segments and enhancing online sales channels.
Summary
Forward Industries is a small player in a competitive market with strengths in custom design and sourcing. It faces challenges from larger competitors and reliance on key customers. Success depends on expanding into new markets and securing new contracts. Monitoring market changes and costs is critical.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Reports
- Industry Analysis
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Actual results may vary. Market share data is estimated.
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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