Is Forian Stock a Good Investment?
Forian Investment Advice | FORA |
- Examine Forian's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Forian's leadership team and their track record. Good management can help Forian navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Forian's business and its evolving consumer preferences.
- Compare Forian's performance and market position to its competitors. Analyze how Forian is positioned in terms of product offerings, innovation, and market share.
- Check if Forian pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Forian's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Forian Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Forian Inc is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Forian Stock
Researching Forian's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 52.0% of the company shares are held by company insiders. The book value of Forian was currently reported as 0.85. The company has Price/Earnings To Growth (PEG) ratio of 0.9. Forian Inc recorded a loss per share of 0.15. The entity had not issued any dividends in recent years. The firm had 1:20 split on the 3rd of March 2021.
To determine if Forian is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Forian's research are outlined below:
| Forian Inc generated a negative expected return over the last 90 days | |
| Forian Inc has high likelihood to experience some financial distress in the next 2 years | |
| Forian Inc has a poor financial position based on the latest SEC disclosures | |
| About 52.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Forian Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Forian Quarterly Cash And Short Term Investments |
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Forian uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Forian Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Forian's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 25th of March 2024 Upcoming Quarterly Report | View | |
| 10th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 25th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Forian's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Forian's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-14 | 2024-03-31 | -0.02 | -0.04 | -0.02 | 100 | ||
2023-08-10 | 2023-06-30 | -0.05 | -0.03 | 0.02 | 40 | ||
2023-03-27 | 2022-12-31 | -0.15 | -0.11 | 0.04 | 26 | ||
2024-11-07 | 2024-09-30 | -0.03 | 0.0237 | 0.0537 | 179 | ||
2024-08-14 | 2024-06-30 | -0.02 | -0.08 | -0.06 | 300 | ||
2022-08-11 | 2022-06-30 | -0.23 | -0.17 | 0.06 | 26 | ||
2024-03-28 | 2023-12-31 | -0.03 | 0.04 | 0.07 | 233 | ||
2022-05-12 | 2022-03-31 | -0.26 | -0.37 | -0.11 | 42 |
Know Forian's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Forian is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Forian Inc backward and forwards among themselves. Forian's institutional investor refers to the entity that pools money to purchase Forian's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Independent Advisor Alliance | 2024-06-30 | 25.5 K | Renaissance Technologies Corp | 2024-09-30 | 23.7 K | Citadel Advisors Llc | 2024-09-30 | 22.2 K | Goldman Sachs Group Inc | 2024-06-30 | 17.3 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 15 K | Ubs Group Ag | 2024-06-30 | 7.9 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 5 K | Tower Research Capital Llc | 2024-06-30 | 2.9 K | North Star Investment Management Corp | 2024-09-30 | 1.8 K | Oracle Investment Management Inc | 2024-09-30 | 1.4 M | Staley Capital Advisers Inc | 2024-09-30 | 1.1 M |
Forian's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 67 M.Market Cap |
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Forian's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.19 | 0.20 | |
| Return On Capital Employed | (0.11) | (0.10) | |
| Return On Assets | 0.19 | 0.20 | |
| Return On Equity | 0.42 | 0.31 |
Determining Forian's profitability involves analyzing its financial statements and using various financial metrics to determine if Forian is a good buy. For example, gross profit margin measures Forian's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Forian's profitability and make more informed investment decisions.
Please note, the presentation of Forian's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Forian's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Forian's management manipulating its earnings.
Evaluate Forian's management efficiency
Forian Inc has return on total asset (ROA) of (0.0632) % which means that it has lost $0.0632 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0563 %, meaning that it created $0.0563 on every $100 dollars invested by stockholders. Forian's management efficiency ratios could be used to measure how well Forian manages its routine affairs as well as how well it operates its assets and liabilities. At present, Forian's Return On Tangible Assets are projected to increase based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.20, whereas Return On Capital Employed is projected to grow to (0.10). At present, Forian's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 5.5 M, whereas Total Assets are forecasted to decline to about 38.4 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.82 | 0.86 | |
| Tangible Book Value Per Share | 0.77 | 0.81 | |
| Enterprise Value Over EBITDA | 40.97 | 43.02 | |
| Price Book Value Ratio | 3.58 | 3.76 | |
| Enterprise Value Multiple | 40.97 | 43.02 | |
| Price Fair Value | 3.58 | 3.76 | |
| Enterprise Value | 112.7 M | 107.1 M |
The strategic initiatives led by Forian's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 1.091 |
Basic technical analysis of Forian Stock
As of the 25th of November, Forian shows the Standard Deviation of 1.73, mean deviation of 1.18, and Variance of 3.0. Forian Inc technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Forian's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Forian insiders, such as employees or executives, is commonly permitted as long as it does not rely on Forian's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Forian insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Forian's Outstanding Corporate Bonds
Forian issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Forian Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Forian bonds can be classified according to their maturity, which is the date when Forian Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Forian's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Forian's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (1.23) | |||
| Mean Deviation | 1.18 | |||
| Coefficient Of Variation | (1,311) | |||
| Standard Deviation | 1.73 | |||
| Variance | 3.0 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (1.24) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.82 | |||
| Skewness | 0.1353 | |||
| Kurtosis | 3.76 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (1.23) | |||
| Mean Deviation | 1.18 | |||
| Coefficient Of Variation | (1,311) | |||
| Standard Deviation | 1.73 | |||
| Variance | 3.0 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (1.24) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.82 | |||
| Skewness | 0.1353 | |||
| Kurtosis | 3.76 |
Consider Forian's intraday indicators
Forian intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Forian stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Forian Corporate Filings
8K | 13th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 12th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 29th of April 2024 Other Reports | ViewVerify | |
10K | 29th of March 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
Forian Stock media impact
Far too much social signal, news, headlines, and media speculation about Forian that are available to investors today. That information is available publicly through Forian media outlets and privately through word of mouth or via Forian internal channels. However, regardless of the origin, that massive amount of Forian data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Forian news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Forian relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Forian's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Forian alpha.
Forian Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Forian can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Forian Corporate Management
| Edward Spaniel | General VP | Profile | |
| David Terrell | BioTrack Officer | Profile | |
| Jason Holden | Vice Development | Profile | |
| Andrew Douglas | Chief Officer | Profile | |
| Daniel Barton | CEO Director | Profile | |
| Rebecca Adams | Vice Resources | Profile | |
| Michael Vesey | Chief Officer | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forian Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forian. If investors know Forian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forian listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.15) | Revenue Per Share 0.649 | Quarterly Revenue Growth (0.02) | Return On Assets (0.06) | Return On Equity 0.0563 |
The market value of Forian Inc is measured differently than its book value, which is the value of Forian that is recorded on the company's balance sheet. Investors also form their own opinion of Forian's value that differs from its market value or its book value, called intrinsic value, which is Forian's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forian's market value can be influenced by many factors that don't directly affect Forian's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Forian's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Forian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.