Forian Inc Stock Analysis

FORA Stock  USD 2.09  0.01  0.48%   
Below is the normalized historical share price chart for Forian Inc extending back to March 03, 2021. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Forian stands at 2.09, as last reported on the 8th of February, with the highest price reaching 2.11 and the lowest price hitting 2.08 during the day.
IPO Date
3rd of March 2021
200 Day MA
2.0979
50 Day MA
2.1242
Beta
1.031
 
Covid
 
Interest Hikes
Forian Inc holds a debt-to-equity ratio of 1.786. At present, Forian's Short and Long Term Debt is projected to increase significantly based on the last few years of reporting. The current year's Short Term Debt is expected to grow to about 8.1 M, whereas Short and Long Term Debt Total is forecasted to decline to about 7.3 M. With a high degree of financial leverage come high-interest payments, which usually reduce Forian's Earnings Per Share (EPS).

Asset vs Debt

Equity vs Debt

Forian's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Forian's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Forian Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Forian's stakeholders.
For many companies, including Forian, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Forian Inc, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Forian's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Price Book
2.0894
Enterprise Value Ebitda
20.052
Price Sales
2.3105
Shares Float
9.5 M
Wall Street Target Price
2.1
The current year's Stock Based Compensation To Revenue is expected to grow to 0.31, whereas Total Stockholder Equity is forecasted to decline to about 19.5 M. . At present, Forian's Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 213.86, whereas Price To Sales Ratio is forecasted to decline to 3.47.
Forian Inc is overvalued with Real Value of 1.96 and Target Price of 2.1. The main objective of Forian stock analysis is to determine its intrinsic value, which is an estimate of what Forian Inc is worth, separate from its market price. There are two main types of Forian's stock analysis: fundamental analysis and technical analysis.
The Forian stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Forian's ongoing operational relationships across important fundamental and technical indicators.
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 inflation.

Forian Stock Analysis Notes

About 49.0% of the company shares are held by company insiders. The book value of Forian was currently reported as 1.0. The company has Price/Earnings To Growth (PEG) ratio of 0.94. Forian Inc recorded a loss per share of 0.02. The entity had not issued any dividends in recent years. The firm had 1:20 split on the 3rd of March 2021. Forian Inc. provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. In addition, the company offers security monitoring and web marketing services. Forian operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. It employs 138 people. To learn more about Forian Inc call Daniel Barton at 267 225 6263 or check out https://forian.com.

Forian Quarterly Total Revenue

7.76 Million

Forian Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Forian's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Forian Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Forian Inc generated a negative expected return over the last 90 days
The company reported the previous year's revenue of 20.15 M. Net Loss for the year was (3.77 M) with profit before overhead, payroll, taxes, and interest of 15.57 M.
About 49.0% of the company shares are held by company insiders
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Forian Largest EPS Surprises

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.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2025-11-06
2025-09-300.01370.02060.006950 
2024-05-14
2024-03-31-0.02-0.04-0.02100 
2023-08-10
2023-06-30-0.05-0.030.0240 
View All Earnings Estimates

Forian Environmental, Social, and Governance (ESG) Scores

Forian's ESG score is a quantitative measure that evaluates Forian's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Forian's operations that may have significant financial implications and affect Forian's stock price as well as guide investors towards more socially responsible investments.

Forian Stock Institutional Investors

Shares
Jpmorgan Chase & Co2025-06-30
31.5 K
Susquehanna International Group, Llp2025-06-30
28.9 K
Dimensional Fund Advisors, Inc.2025-06-30
18.6 K
Goldman Sachs Group Inc2025-06-30
17.4 K
Independent Advisor Alliance2025-06-30
15.2 K
Citadel Advisors Llc2025-06-30
13.8 K
Ubs Group Ag2025-06-30
877
Group One Trading, Lp2025-06-30
500
Mccormack Advisors International2025-06-30
500
Oracle Investment Management Inc2025-06-30
1.4 M
Staley Capital Advisers Inc2025-06-30
1.1 M
Note, although Forian's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Forian Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 64.94 M.

Forian Profitablity

The company has Profit Margin (PM) of (0.03) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.06) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.06.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.07)(0.08)
Return On Capital Employed(0.26)(0.25)
Return On Assets(0.07)(0.08)
Return On Equity(0.13)(0.14)

Management Efficiency

Forian Inc has return on total asset (ROA) of (0.0475) % which means that it has lost $0.0475 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0294) %, meaning that it created substantial loss on money invested by shareholders. 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. As of February 8, 2026, Return On Tangible Assets is expected to decline to -0.08. The current year's Return On Capital Employed is expected to grow to -0.25. At present, Forian's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Debt To Assets is expected to grow to 0.16, whereas Total Assets are forecasted to decline to about 41 M.
Last ReportedProjected for Next Year
Book Value Per Share 0.87  0.45 
Tangible Book Value Per Share 0.84  0.88 
Enterprise Value Over EBITDA(20.45)(21.48)
Price Book Value Ratio 1.92  2.01 
Enterprise Value Multiple(20.45)(21.48)
Price Fair Value 1.92  2.01 
Enterprise Value76.1 M72.3 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.
Operating Margin
(0.06)
Profit Margin
(0.03)
Beta
1.031
Return On Assets
(0.05)
Return On Equity
(0.03)

Technical Drivers

As of the 8th of February, Forian shows the Variance of 2.6, mean deviation of 1.1, and Standard Deviation of 1.61. 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 Inc Price Movement Analysis

Illegal number of arguments. The output start index for this execution was zero with a total number of output elements of zero. The Weighted Moving Average calculates a weight for each value in Forian price series with the more recent values given greater weights.

Forian Inc 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 Outstanding 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.

Forian Predictive Daily 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 Forecast Models

Forian's time-series forecasting models are one of many Forian's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Forian's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Forian Bond Ratings

Forian Inc financial ratings play a critical role in determining how much Forian have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Forian's borrowing costs.
Piotroski F Score
6
HealthyView
Beneish M Score
(3.70)
Unlikely ManipulatorView

Forian Inc Debt to Cash Allocation

As Forian Inc follows its natural business cycle, the capital allocation decisions will not magically go away. Forian's decision-makers have to determine if most of the cash flows will be poured back into or reinvested in the business, reserved for other projects beyond operational needs, or paid back to stakeholders and investors.
Forian Inc currently holds 6.72 M in liabilities with Debt to Equity (D/E) ratio of 1.79, which is about average as compared to similar companies. Forian Inc has a current ratio of 3.23, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Forian's use of debt, we should always consider it together with its cash and equity.

Forian Total Assets Over Time

Forian Assets Financed by Debt

The debt-to-assets ratio shows the degree to which Forian uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

Forian Debt Ratio

    
  16.0   
It appears most of the Forian's assets are financed through equity. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Forian's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Forian, which in turn will lower the firm's financial flexibility.

Forian Corporate Bonds Issued

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.

Forian Short Long Term Debt Total

Short Long Term Debt Total

7.34 Million

At present, Forian's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting.

About Forian Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Forian prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Forian shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Forian. By using and applying Forian Stock analysis, traders can create a robust methodology for identifying Forian entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(0.18)(0.17)
Operating Profit Margin(0.31)(0.33)
Net Loss(0.17)(0.18)
Gross Profit Margin 0.73  0.81 

Current Forian Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Forian analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Forian analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceConsensus# of Analysts
2.1Buy1Odds
Forian Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Forian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Forian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Forian Inc, talking to its executives and customers, or listening to Forian conference calls.
Forian Analyst Advice Details

Forian Stock Analysis Indicators

Forian Inc stock analysis indicators help investors evaluate how Forian stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Forian shares will generate the highest return on investment. By understating and applying Forian stock analysis, traders can identify Forian position entry and exit signals to maximize returns.
Begin Period Cash FlowM
Total Stockholder Equity30.1 M
Capital Lease Obligations23.4 K
Property Plant And Equipment Net82.2 K
Cash And Short Term Investments35.1 M
Cash4.6 M
50 Day M A2.1242
Net Interest Income1.7 M
Total Current Liabilities16.6 M
Forward Price Earnings23.2019
Investments17.3 M
Interest Expense708.9 K
Stock Based Compensation6.5 M
Common Stock Shares Outstanding31.1 M
Total Cashflows From Investing Activities17.3 M
Tax Provision66.6 K
Quarterly Earnings Growth Y O Y-0.891
Other Current Assets2.8 M
Accounts Payable982.7 K
Net Debt2.1 M
Other Operating Expenses27.1 M
Non Current Assets Total2.7 M
Liabilities And Stockholders Equity47.2 M
Non Currrent Assets Other1.4 M

Complementary Tools for Forian Stock analysis

When running Forian's price analysis, check to measure Forian's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forian is operating at the current time. Most of Forian's value examination focuses on studying past and present price action to predict the probability of Forian's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forian's price. Additionally, you may evaluate how the addition of Forian to your portfolios can decrease your overall portfolio volatility.
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