Forward Industries Discontinues OEM Segment in March 2025
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Forward Industries (FORD) announced it will discontinue its Original Equipment Manufacturer (OEM) segment in March 2025, leading to a strategic operational shift. The company has adjusted its financial statements to reflect this change, affecting results for the fiscal year ending September 30, 2024. Analysts rate FORD stock as a Hold with a price target of $11.50, while Spark's AI Analyst gives it a Neutral rating due to financial challenges. The company focuses on manufacturing OEM products and has a current market cap of $3.3B.
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