E
Forward Industries, Inc. FORD
$3.82 -$0.4582-10.71%
Recommendation
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Avg Vol (90D)
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E
Sell 5/22/2023Downgrade
Forward Industries, Inc. (FORD) was downgraded to E+ from D- on 5/22/2023 due to a decline in the volatility index, total return index and solvency index. Debt to equity increased from 0.3 to 0.34.
D
Sell 3/14/2023Downgrade
Forward Industries, Inc. (FORD) was downgraded to D- from D on 3/14/2023 due to a significant decline in the growth index, total return index and solvency index. Operating cash flow declined 139.4% from $377.2 to -$148.6, debt to equity increased from 0.28 to 0.3, and the quick ratio declined from 1.01 to 0.95.
D
Sell 5/5/2022Upgraded
Forward Industries, Inc. (FORD) was upgraded to D from D- on 5/5/2022 due to an increase in the volatility index, total return index and valuation index.
D
Sell 4/20/2022Downgrade
Forward Industries, Inc. (FORD) was downgraded to D- from D on 4/20/2022 due to a decline in the volatility index and valuation index.
D
Sell 2/11/2022Downgrade
Forward Industries, Inc. (FORD) was downgraded to D from D+ on 2/11/2022 due to a significant decline in the efficiency index, valuation index and total return index.
D
Sell 12/20/2021Downgrade
Forward Industries, Inc. (FORD) was downgraded to D+ from C- on 12/20/2021 due to a significant decline in the growth index, solvency index and volatility index. Operating cash flow declined 416.97% from $60.1 to -$190.5, earnings per share declined from $0.02 to -$0.0098, and EBIT declined 118.52% from $268.4 to -$49.7.
C
Hold 12/1/2021Downgrade
Forward Industries, Inc. (FORD) was downgraded to C- from C on 12/1/2021 due to a decline in the volatility index and total return index.
C
Hold 9/22/2021Upgraded
Forward Industries, Inc. (FORD) was upgraded to C from C- on 9/22/2021 due to an increase in the valuation index.
C
Hold 9/7/2021Downgrade
Forward Industries, Inc. (FORD) was downgraded to C- from C on 9/7/2021 due to a decline in the valuation index.
C
Hold 8/23/2021Upgraded
Forward Industries, Inc. (FORD) was upgraded to C from C- on 8/23/2021 due to an increase in the valuation index and total return index.
C
Hold 8/13/2021Upgraded
Forward Industries, Inc. (FORD) was upgraded to C- from D on 8/13/2021 due to a significant increase in the growth index, solvency index and efficiency index. EBIT increased 132.88% from -$816.2 to $268.4, net income increased 129.18% from -$834.7 to $243.6, and earnings per share increased from -$0.0842 to $0.02.
D
Sell 5/19/2021Downgrade
Forward Industries, Inc. (FORD) was downgraded to D from D+ on 5/19/2021 due to a significant decline in the total return index, growth index and volatility index. EBIT declined 387.28% from -$167.5 to -$816.2, earnings per share declined from $0.12 to -$0.0842, and total revenue declined 13.61% from $9.72M to $8.4M.
D
Sell 3/29/2021Upgraded
Forward Industries, Inc. (FORD) was upgraded to D+ from D on 3/29/2021 due to a noticeable increase in the total return index, solvency index and valuation index. Debt to equity declined from 0.67 to 0.38, and the quick ratio increased from 1.19 to 1.35.
D
Sell 1/29/2021Downgrade
Forward Industries, Inc. (FORD) was downgraded to D from D+ on 1/29/2021 due to a decline in the valuation index.
D
Sell 8/31/2020Upgraded
Forward Industries, Inc. (FORD) was upgraded to D+ from D on 8/31/2020 due to an increase in the total return index, solvency index and growth index.
D
Sell 8/14/2020Downgrade
Forward Industries, Inc. (FORD) was downgraded to D from D+ on 8/14/2020 due to a noticeable decline in the solvency index, total return index and growth index. Operating cash flow declined 189.51% from $229.7 to -$205.6, and debt to equity increased from 0.36 to 0.68.
D
Sell 8/13/2020Upgraded
Forward Industries, Inc. (FORD) was upgraded to D+ from D on 8/13/2020 due to an increase in the total return index, volatility index and valuation index.
D
Sell 6/6/2019Downgrade
Forward Industries, Inc. (FORD) was downgraded to D from D+ on 6/6/2019 due to a decline in the total return index, solvency index and volatility index.
D
Sell 5/16/2019Downgrade
Forward Industries, Inc. (FORD) was downgraded to D+ from C on 5/16/2019 due to a significant decline in the valuation index, efficiency index and growth index. Operating cash flow declined 149.93% from -$789.7 to -$1.97M, EBIT declined 123.75% from -$480.5 to -$1.08M, and net income declined 113.18% from -$530.5 to -$1.13M.
C
Hold 2/6/2019Downgrade
Forward Industries, Inc. (FORD) was downgraded to C from C+ on 2/6/2019 due to a decline in the total return index and valuation index.
C
Hold 1/22/2019Upgraded
Forward Industries, Inc. (FORD) was upgraded to C+ from C on 1/22/2019 due to an increase in the volatility index.
C
Hold 12/21/2018Downgrade
Forward Industries, Inc. (FORD) was downgraded to C from C+ on 12/21/2018 due to a decline in the volatility index and total return index.
C
Hold 11/21/2018Upgraded
Forward Industries, Inc. (FORD) was upgraded to C+ from C on 11/21/2018 due to an increase in the valuation index and volatility index.
C
Hold 10/30/2018Downgrade
Forward Industries, Inc. (FORD) was downgraded to C from C+ on 10/30/2018 due to a decline in the total return index, valuation index and volatility index.
C
Hold 5/18/2018Upgraded
Forward Industries, Inc. (FORD) was upgraded to C+ from C on 5/18/2018 due to a significant increase in the valuation index, efficiency index and volatility index. Net income increased 1,931.05% from $46.7 to $948.5, and total capital increased 48.64% from $8.97M to $13.34M.
C
Hold 3/19/2018Downgrade
Forward Industries, Inc. (FORD) was downgraded to C from C+ on 3/19/2018 due to a decline in the total return index and solvency index.
C
Hold 2/16/2018Upgraded
Forward Industries, Inc. (FORD) was upgraded to C+ from C on 2/16/2018 due to a noticeable increase in the total return index and valuation index.
C
Hold 2/15/2018Upgraded
Forward Industries, Inc. (FORD) was upgraded to C from C- on 2/15/2018 due to a significant increase in the total return index, growth index and efficiency index. Operating cash flow increased 131.49% from $561.7 to $1.3M, total capital increased 0.48% from $8.93M to $8.97M, and total revenue increased 0.45% from $6.31M to $6.34M.
C
Hold 12/15/2017Upgraded
Forward Industries, Inc. (FORD) was upgraded to C- from D+ on 12/15/2017 due to a noticeable increase in the efficiency index, volatility index and solvency index. Total capital increased 2.22% from $8.74M to $8.93M.
D
Sell 8/16/2017Upgraded
Forward Industries, Inc. (FORD) was upgraded to D+ from D on 8/16/2017 due to a significant increase in the valuation index, growth index and efficiency index. Net income increased 332.38% from -$237.5 to $551.9, EBIT increased 331.59% from -$237.1 to $549.1, and earnings per share increased from -$0.03 to $0.06.
D
Sell 5/19/2017Downgrade
Forward Industries, Inc. (FORD) was downgraded to D from D+ on 5/19/2017 due to a significant decline in the valuation index, growth index and efficiency index. Earnings per share declined from $0.0176 to -$0.03, EBIT declined 260.09% from $148.1 to -$237.1, and net income declined 256.77% from $151.5 to -$237.5.
D
Sell 3/16/2017Downgrade
Forward Industries, Inc. (FORD) was downgraded to D+ from C- on 3/16/2017 due to a decline in the volatility index and total return index.
C
Hold 3/1/2017Upgraded
Forward Industries, Inc. (FORD) was upgraded to C- from D+ on 3/1/2017 due to an increase in the total return index, valuation index and solvency index.
D
Sell 2/14/2017Downgrade
Forward Industries, Inc. (FORD) was downgraded to D+ from C- on 2/14/2017 due to a decline in the growth index, efficiency index and volatility index. Operating cash flow declined 9.52% from -$474.6 to -$519.8, and total revenue declined 0.91% from $6.65M to $6.59M.
C
Hold 12/15/2016Upgraded
Forward Industries, Inc. (FORD) was upgraded to C- from D+ on 12/15/2016 due to an increase in the growth index, efficiency index and solvency index. Net income increased 79.74% from $78 to $140.2, earnings per share increased from $0.0091 to $0.0163, and the quick ratio increased from 2 to 2.31.
D
Sell 11/23/2016Downgrade
Forward Industries Inc. (FORD) was downgraded to D+ from C- on 11/23/2016 due to a large decline in the total return index.
C
Hold 8/26/2016Upgraded
Forward Industries Inc. (FORD) was upgraded to C- from D+ on 8/26/2016 due to a major increase in the valuation index, total return index and volatility index.
D
Sell 4/29/2016Downgrade
Forward Industries Inc. (FORD) was downgraded to D+ from C- on 4/29/2016 due to a decline in the volatility index and total return index.
C
Hold 3/11/2016Downgrade
Forward Industries Inc. (FORD) was downgraded to C- from C on 3/11/2016 due to a significant decline in the volatility index and valuation index.
C
Hold 2/10/2016Upgraded
Forward Industries Inc. (FORD) was upgraded to C from D+ on 2/10/2016 due to a major increase in the valuation index, efficiency index and growth index. Operating cash flow increased 174.29% from -$245 to -$672, EBIT increased 6.22% from $233.3 to $247.8, and total capital increased 4.41% from $7.33M to $7.66M.
D
Sell 2/8/2016Downgrade
Forward Industries Inc. (FORD) was downgraded to D+ from C- on 2/8/2016 due to a large decline in the total return index.
C
Hold 1/4/2016Downgrade
Forward Industries Inc. (FORD) was downgraded to C- from C on 1/4/2016 due to a noticeable decline in the total return index.
C
Hold 12/17/2015Upgraded
Forward Industries Inc. (FORD) was upgraded to C from C- on 12/17/2015 due to a major increase in the total return index, efficiency index and solvency index. The quick ratio increased from 1.64 to 1.78, and total capital increased 4.66% from $7.01M to $7.33M.
C
Hold 11/6/2015Upgraded
Forward Industries Inc. (FORD) was upgraded to C- from D+ on 11/6/2015 due to a large increase in the total return index and volatility index.
D
Sell 8/27/2015Upgraded
Forward Industries Inc. (FORD) was upgraded to D+ from D on 8/27/2015 due to a substantial increase in the volatility index, efficiency index and valuation index. Total capital increased 8.33% from $6.47M to $7.01M.
D
Sell 12/12/2014Downgrade
Forward Industries Inc. (FORD) was downgraded to D from D+ on 12/12/2014 due to a substantial decline in the growth index, efficiency index and solvency index. Net income declined 4,472.86% from $19.9 to -$870.2, EBIT declined 1,264.04% from $31.7 to -$369, and operating cash flow declined 147.54% from $929.9 to -$442.1.
D
Sell 12/10/2014Downgrade
Forward Industries Inc. (FORD) was downgraded to D+ from C- on 12/10/2014 due to a decline in the total return index.
C
Hold 11/19/2014Upgraded
Forward Industries Inc. (FORD) was upgraded to C- from D+ on 11/19/2014 due to an increase in the total return index and valuation index.
D
Sell 11/4/2014Downgrade
Forward Industries Inc. (FORD) was downgraded to D+ from C- on 11/4/2014 due to a decline in the total return index.
C
Hold 10/20/2014Upgraded
Forward Industries Inc. (FORD) was upgraded to C- from D+ on 10/20/2014 due to an increase in the total return index.
D
Sell 8/20/2014Upgraded
Forward Industries Inc. (FORD) was upgraded to D+ from D on 8/20/2014 due to a major increase in the growth index and efficiency index. Total revenue increased 35.31% from $6.7M to $9.07M, operating cash flow increased 21.67% from $764.3 to $929.9, and total capital increased 0.71% from $10.85M to $10.93M.
D
Sell 5/23/2014Downgrade
Forward Industries Inc. (FORD) was downgraded to D from D+ on 5/23/2014 due to a significant decline in the volatility index, growth index and solvency index. Earnings per share declined from $0.0371 to -$0.0425, operating cash flow declined 175.1% from -$1.02M to $764.3, and EBIT declined 135.86% from $372 to -$133.4.
Weiss Ratings