Forward Industries (NASDAQ:FWDI – Get Free Report) is one of 343 publicly-traded companies in the “Financial Services” industry, but how does it compare to its rivals? We will compare Forward Industries to similar companies based on the strength of its valuation, profitability, risk, earnings, dividends, institutional ownership and analyst recommendations.
Valuation & Earnings
This table compares Forward Industries and its rivals gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Forward Industries | $18.19 million | -$166.97 million | 54.58 |
| Forward Industries Competitors | $6.35 billion | $1.09 billion | 9.85 |
Forward Industries’ rivals have higher revenue and earnings than Forward Industries. Forward Industries is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Forward Industries | -2,073.82% | -18.05% | -17.03% |
| Forward Industries Competitors | -407.42% | -21.88% | -5.62% |
Risk and Volatility
Forward Industries has a beta of 0.88, meaning that its share price is 12% less volatile than the S&P 500. Comparatively, Forward Industries’ rivals have a beta of 2.27, meaning that their average share price is 127% more volatile than the S&P 500.
Analyst Recommendations
This is a breakdown of recent ratings and target prices for Forward Industries and its rivals, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Forward Industries | 1 | 1 | 3 | 0 | 2.40 |
| Forward Industries Competitors | 1900 | 6736 | 11418 | 414 | 2.51 |
Forward Industries presently has a consensus target price of $12.50, indicating a potential upside of 90.84%. As a group, “Financial Services” companies have a potential upside of 3.20%. Given Forward Industries’ higher probable upside, equities analysts plainly believe Forward Industries is more favorable than its rivals.
Institutional & Insider Ownership
43.2% of shares of all “Financial Services” companies are held by institutional investors. 15.9% of Forward Industries shares are held by company insiders. Comparatively, 22.0% of shares of all “Financial Services” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Summary
Forward Industries rivals beat Forward Industries on 9 of the 13 factors compared.
Forward Industries Company Profile
Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS devices, tablets, and firearms. The Retail Distribution segment sources and sells smart-enabled furniture and a range of other products through agreements with various retailers, including in stores and online retailer websites. The Design segment provides hardware and software product design and engineering services. The company sells its products to original equipment manufacturers in the Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Forward Industries, Inc. was incorporated in 1961 and is headquartered in Hauppauge, New York.
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