FORD Stock Summary and Trading Ideas (Forward Industries | NASDAQ:FORD)

Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.

Forward Industries trades on the NASDAQ stock market under the symbol FORD.

As of May 3, 2024, FORD stock price declined to $0.51 with 6,321 million shares trading.

FORD has a beta of 1.22, meaning it tends to be more sensitive to market movements. FORD has a correlation of 0.08 to the broad based SPY ETF.

FORD has a market cap of $5.15 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, FORD stock traded as high as $3.68 and as low as $.46.

The top ETF exchange traded funds that FORD belongs to (by Net Assets): VXF, VTI.

FORD has underperformed the market in the last year with a price return of -49.8% while the SPY ETF gained +27.0%. FORD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.5% and +2.2%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

FORD support price is $.49 and resistance is $.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FORD stock will trade within this expected range on the day.