Forian, Inc. () Stock Recommendation | Score, Valuation, Technicals & Financial Trend

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Viant Technology, Inc.

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Forian, Inc.

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System1, Inc.

ZeroFox Holdings, Inc.

Presto Automation, Inc.

Arqit Quantum, Inc.

Why is Forian, Inc. ?

Poor Management Efficiency with a low ROE of 1.89%

The company has been able to generate a Return on Equity (avg) of 1.89% signifying low profitability per unit of shareholders funds

The company declared negative results in Mar'26 after flat results in Dec'25

ROCE(HY) Lowest at -17.95%
RAW MATERIAL COST(Y) Grown by 48.9% (YoY)
NET SALES(Q) Lowest at USD 6.85 MM

Risky -

The stock is trading risky as compared to its average historical valuations
Over the past year, while the stock has generated a return of 16.67%, its profits have risen by 81.5%

Increasing Participation by Institutional Investors

Institutional investors have increased their stake by 1.64% over the previous quarter and collectively hold 17.13% of the company
These investors have better capability and resources to analyse fundamentals of companies than most retail investors

Underperformed the market in the last 1 year

The stock has generated a return of 16.67% in the last 1 year, much lower than market (S&P 500) returns of 28.21%

Real-Time Research Report

Verdict Report

How much should you hold?

Overall Portfolio exposure to Forian, Inc. should be less than 10%
Overall Portfolio exposure to Software Products should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Software Products)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Forian, Inc. for you?

High Risk, Low Return

Absolute

Risk Adjusted

Volatility

Forian, Inc.

16.67%

-0.40

45.34%

S&P 500

25.41%

2.22

12.69%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

95.80%

EBIT Growth (5y)

0.93%

EBIT to Interest (avg)

-12.32

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-0.96

Sales to Capital Employed (avg)

0.54

Tax Ratio

0.77%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

15.35%

ROCE (avg)

ROE (avg)

1.89%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

2.04

EV to EBIT

-12.49

EV to EBITDA

-13.54

EV to Capital Employed

12.24

EV to Sales

1.25

PEG Ratio

Dividend Yield

ROCE (Latest)

-97.99%

ROE (Latest)

-1.85%

Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bollinger Bands

Sideways

Moving Averages

Mildly Bearish (Daily)

KST

Mildly Bullish

Dow Theory

No Trend

Mildly Bearish

OBV

Mildly Bullish

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

5What is working for the Company

NET SALES(9M)

At USD 22.58 MM has Grown at 28.6%

DEBTORS TURNOVER RATIO(HY)

Highest at 4.89 times

DEBT-EQUITY RATIO (HY)

Lowest at -115.09 %

-24What is not working for the Company

ROCE(HY)

Lowest at -17.95%

RAW MATERIAL COST(Y)

Grown by 48.9% (YoY

NET SALES(Q)

Lowest at USD 6.85 MM

OPERATING PROFIT(Q)

Lowest at USD -2.88 MM

OPERATING PROFIT MARGIN(Q)

Lowest at -42.01 %

PRE-TAX PROFIT(Q)

Lowest at USD -2.78 MM

NET PROFIT(Q)

Lowest at USD -2.81 MM

EPS(Q)

Lowest at USD -0.11

Here's what is working for Forian, Inc.

Debtors Turnover Ratio

Highest at 4.89 times and Grown

In each half year in the last five Semi-Annual periods

MOJO Watch

Company has been able to sell its Debtors faster

Debtors Turnover Ratio

Debt-Equity Ratio

Lowest at -115.09 %

in the last five Semi-Annual periods

MOJO Watch

The company has been reducing its borrowing as compared to equity capital

Debt-Equity Ratio

Here's what is not working for Forian, Inc.

Pre-Tax Profit

At USD -2.78 MM has Fallen at -148.58%

Year on Year (YoY)

MOJO Watch

Near term Pre-Tax Profit trend is very negative

Pre-Tax Profit (USD MM)

Net Profit

At USD -2.81 MM has Fallen at -149.61%

Year on Year (YoY)

MOJO Watch

Near term Net Profit trend is very negative

Net Profit (USD MM)

Net Sales

Lowest at USD 6.85 MM

in the last five periods

MOJO Watch

Near term sales trend is negative

Net Sales (USD MM)

Operating Profit

Lowest at USD -2.88 MM

in the last five periods

MOJO Watch

Near term Operating Profit trend is negative

Operating Profit (USD MM)

Operating Profit Margin

Lowest at -42.01 %

in the last five periods

MOJO Watch

Company's profit margin has deteriorated

Operating Profit to Sales

Pre-Tax Profit

Lowest at USD -2.78 MM

in the last five periods

MOJO Watch

Near term Pre-Tax Profit trend is negative

Pre-Tax Profit (USD MM)

Net Profit

Lowest at USD -2.81 MM

in the last five periods

MOJO Watch

Near term Net Profit trend is negative

Net Profit (USD MM)

EPS

Lowest at USD -0.11

in the last five periods

MOJO Watch

Declining profitability; company has created lower earnings for shareholders

EPS (USD)

Raw Material Cost

Grown by 48.9% (YoY)

MOJO Watch

The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin

Raw Material Cost as a percentage of Sales