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Forward Industries ( (FORD) ) has issued an update.
On April 30, 2025, Forward Industries, Inc. and Forward Industries (Asia-Pacific) Corporation agreed to extend their Buying Agency and Supply Agreement to May 2, 2025. This agreement was initially set to expire on April 30, 2025. On April 25, 2025, Terence Wise, the CEO of Forward Industries, announced his intention to resign following the proposed sale of certain assets of the company’s Original Equipment Manufacturing business. The asset sale is still under negotiation and subject to various approvals, with no guarantee of completion.
Spark’s Take on FORD Stock
According to Spark, TipRanks’ AI Analyst, FORD is a Neutral.
Forward Industries’ stock score is primarily impacted by its weak financial performance, marked by declining revenues, negative margins, and high leverage. While technical indicators show positive momentum, the valuation reflects ongoing losses, creating a mixed outlook. Investors should be cautious, considering the financial difficulties despite current market trends.
To see Spark’s full report on FORD stock, click here.
More about Forward Industries
YTD Price Performance: 34.73%
Average Trading Volume: 37,406
Technical Sentiment Signal: Hold
Current Market Cap: $7.43M
For detailed information about FORD stock, go to TipRanks’ Stock Analysis page.