Forward Industries (NASDAQ:FWDI) Issues Earnings Results

Forward Industries (NASDAQ:FWDI - Get Free Report) posted its earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. Forward Industries had a negative return on equity of 46.10% and a negative net margin of 918.04%.Get Forward Industries alerts:Forward Industries Price PerformanceShares of NASDAQ FWDI traded down $0.07 during mid-day trading on Thursday, reaching $4.85. 871,834 shares of the company's stock were exchanged, compared to its average volume of 888,345. Forward Industries has a twelve month low of $3.32 and a twelve month high of $46.00. The firm has a market cap of $405.66 million, a P/E ratio of -1.09 and a beta of 0.73. Institutional Inflows and OutflowsInstitutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC bought a new stake in shares of Forward Industries during the fourth quarter worth $5,350,000. SkyBridge Capital II LLC acquired a new position in Forward Industries in the 4th quarter worth $3,573,000. Goldman Sachs Group Inc. bought a new position in Forward Industries during the 4th quarter worth about $540,000. State of Wyoming acquired a new stake in shares of Forward Industries in the 4th quarter valued at about $189,000. Finally, Aristides Capital LLC bought a new stake in shares of Forward Industries in the fourth quarter valued at about $180,000. Wall Street Analyst Weigh InSeparately, Weiss Ratings reissued a "sell (d-)" rating on shares of Forward Industries in a research note on Friday, December 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of "Sell".View Our Latest Analysis on FWDIAbout Forward Industries (Get Free Report)Forward Industries, Inc is a company that designs, manufactures and markets protective solutions and accessories for portable electronic devices. Its product range typically includes protective cases, covers, sleeves, holsters and carrying solutions tailored for smartphones, tablets and other consumer electronics, along with related accessory items. The company combines industrial design and materials engineering to produce products that protect devices from impact, abrasion and everyday wear. The business model centers on product design, sourcing and distribution for retail, wholesale and original equipment manufacturer (OEM) channels.Recommended StoriesFive stocks we like better than Forward IndustriesUSAU: The U.S. Gold-Copper Story Investors Can’t Ignore.My Epstein StoryWhen to buy gold (mathematically)Think You Missed Silver? You’re Wrong. Here’s Why.Trump’s AI Secret: 100X Faster Than NvidiaThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Forward Industries Right Now?Before you consider Forward Industries, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forward Industries wasn't on the list.While Forward Industries currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here