Forian Inc. (FORA)

Forian Statistics

Total Valuation

Forian has a market cap or net worth of $73.09 million. The enterprise value is $49.30 million.

Market Cap	73.09M
Enterprise Value	49.30M

Important Dates

The last earnings date was Wednesday, August 14, 2024, after market close.

Earnings Date	Aug 14, 2024
Ex-Dividend Date	n/a

Share Statistics

Forian has 31.10 million shares outstanding. The number of shares has decreased by -2.12% in one year.

Shares Outstanding	31.10M
Shares Change (YoY)	-2.12%
Shares Change (QoQ)	+0.32%
Owned by Insiders (%)	43.94%
Owned by Institutions (%)	15.99%
Float	15.61M

Valuation Ratios

The trailing PE ratio is 66.09 and the forward PE ratio is 35.09.

PE Ratio	66.09
Forward PE	35.09
PS Ratio	3.62
Forward PS	3.03
PB Ratio	2.85
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	25.09
EV / Sales	2.42
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 7.02, with a Debt / Equity ratio of 0.94.

Current Ratio	7.02
Quick Ratio	6.55
Debt / Equity	0.94
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-7.11

Financial Efficiency

Return on equity (ROE) is 5.63% and return on invested capital (ROIC) is -7.47%.

Return on Equity (ROE)	5.63%
Return on Assets (ROA)	-6.31%
Return on Capital (ROIC)	-7.47%
Revenue Per Employee	$550,591
Profits Per Employee	$53,112
Employee Count	37
Asset Turnover	0.36
Inventory Turnover	n/a

Taxes

In the past 12 months, Forian has paid $130,405 in taxes.

Income Tax	130,405
Effective Tax Rate	9.07%

Stock Price Statistics

The stock price has decreased by -1.26% in the last 52 weeks. The beta is 1.10, so Forian's price volatility has been higher than the market average.

Beta (5Y)	1.10
52-Week Price Change	-1.26%
50-Day Moving Average	2.51
200-Day Moving Average	2.70
Relative Strength Index (RSI)	41.65
Average Volume (20 Days)	5,265

Short Selling Information

The latest short interest is 147,824, so 0.48% of the outstanding shares have been sold short.

Short Interest	147,824
Short Previous Month	149,767
Short % of Shares Out	0.48%
Short % of Float	0.95%
Short Ratio (days to cover)	31.49

Income Statement

In the last 12 months, Forian had revenue of $20.37 million and earned $1.97 million in profits. Earnings per share was $0.06.

Revenue	20.37M
Gross Profit	13.91M
Operating Income	-5.74M
Pretax Income	3.55M
Net Income	1.97M
EBITDA	-5.71M
EBIT	-5.74M
Earnings Per Share (EPS)	$0.06

Balance Sheet

The company has $48.01 million in cash and $24.22 million in debt, giving a net cash position of $23.79 million or $0.76 per share.

Cash & Cash Equivalents	48.01M
Total Debt	24.22M
Net Cash	23.79M
Net Cash Per Share	$0.76
Equity (Book Value)	25.63M
Book Value Per Share	0.82
Working Capital	48.40M

Cash Flow

Operating Cash Flow	-25,138
Capital Expenditures	n/a
Free Cash Flow	-25,138
FCF Per Share	-$0.00

Margins

Gross margin is 68.30%, with operating and profit margins of -28.20% and 9.65%.

Gross Margin	68.30%
Operating Margin	-28.20%
Pretax Margin	7.05%
Profit Margin	9.65%
EBITDA Margin	-28.02%
EBIT Margin	-28.20%
FCF Margin	-1.22%

Dividends & Yields

Forian does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	2.12%
Shareholder Yield	2.12%
Earnings Yield	2.69%
FCF Yield	-0.03%

Analyst Forecast

The average price target for Forian is $5.00, which is 112.77% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$5.00
Price Target Difference	112.77%
Analyst Consensus	Strong Buy
Analyst Count	1
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

Forian has an Altman Z-Score of 1.29 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.29
Piotroski F-Score	3