Forward Industries Inc. Stock Downgraded (FORD)
- FORWARD INDUSTRIES INC's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, FORWARD INDUSTRIES INC reported poor results of -$0.20 versus -$0.18 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry. The net income has significantly decreased by 4117.6% when compared to the same quarter one year ago, falling from $0.02 million to -$0.68 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market, FORWARD INDUSTRIES INC's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for FORWARD INDUSTRIES INC is rather low; currently it is at 23.70%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -11.10% is significantly below that of the industry average.
- Net operating cash flow has significantly decreased to -$0.57 million or 512.40% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
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