Forian Inc.

NasdaqCM:FORA Stock Report

Market Cap: US$67.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Forian Dividends and Buybacks

Dividend criteria checks 0/6

Forian does not have a record of paying a dividend.

Key information

n/a

Dividend yield

1.0%

Buyback Yield

Total Shareholder Yield1.0%
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

Recent updates

Narrative Update Mar 25

FORA: Maryland Governance Shift And Assumption Tweaks Will Shape Balanced Outlook

Forian's updated analyst price target in $ has shifted slightly, with analysts citing modest adjustments to the discount rate, profit margin assumptions and the expected future P/E as the main factors driving the revision. What's in the News On January 8, 2026, Forian stockholders approved a change so the company is no longer governed by its existing certificate of incorporation and bylaws and is now governed by a Maryland Charter and Maryland Bylaws (Key Developments).
Narrative Update Mar 11

FORA: Maryland Move And Updated Assumptions Will Shape Balanced Forward Outlook

Analysts have adjusted their price target for Forian to $2.10 per share. This reflects updated assumptions for the discount rate, profit margin and future P/E, while keeping fair value per share broadly aligned with prior estimates.
Narrative Update Feb 25

FORA: Maryland Redomicile And Stable Assumptions Will Support Balanced Forward Outlook

Analysts have made a modest adjustment to their fair value view on Forian, with a slightly lower discount rate and virtually unchanged revenue growth, profit margin, and future P/E assumptions guiding the latest price target update in dollar terms. What's in the News Stockholders approved a change in governing documents on January 8, 2026, moving Forian from its existing certificate of incorporation and bylaws to a Maryland Charter and Maryland Bylaws.
Narrative Update Feb 09

FORA: Maryland Redomicile And Data Investment Will Support Steady Forward Outlook

Analysts have trimmed their price target on Forian to US$2.10 from US$2.20, citing slightly lower assumed discount rates and modest adjustments to long term revenue growth, profit margin and future P/E expectations. What's in the News Stockholders approved a change in Forian's governing documents on January 8, 2026, moving from the existing certificate of incorporation and bylaws to a Maryland Charter and Maryland Bylaws.
Narrative Update Jan 26

FORA: Maryland Move And Data Investments Will Support Balanced Forward Outlook

Analysts have slightly reduced their price target on Forian to account for minor changes in key model inputs such as the discount rate and forward P/E, while maintaining their estimate of fair value at US$2.10 per share. What's in the News Stockholders approved Forian's move to be governed by a Maryland Charter and Maryland Bylaws, replacing its prior certificate of incorporation and bylaws, following a special meeting held on January 8, 2026 (company announcement).
Narrative Update Jan 11

FORA: Data Investments And Redomiciling Vote Will Shape Balanced Future Outlook

Analysts have modestly adjusted their price target for Forian, reflecting slightly higher assumed discount rates, a small change in long term profit margin expectations, and a marginally richer future P/E multiple in their updated models. What's in the News Forian has called a special or extraordinary shareholders meeting for January 8, 2026, at 12:00 US Eastern Standard Time to consider a proposal to redomicile from Delaware to Maryland through a statutory conversion (Key Developments).
Narrative Update Dec 21

FORA: Guidance And Data Investments Will Shape Outlook Ahead Of Shareholder Meeting

Analysts have modestly raised their price target on Forian to reflect a slightly higher future earnings multiple of about 29.7 times. At the same time, largely unchanged fair value and growth assumptions indicate a more measured optimism about the company’s long term profit trajectory.
Narrative Update Dec 07

FORA: Guidance, Data Investments And Shareholder Meeting Will Shape Balanced Outlook

Analysts have raised their price target on Forian modestly, citing a slightly higher discount rate and marginally improved expectations for long term profitability and valuation multiples. Together, these factors support a fair value of approximately 2.10 dollars per share.
Narrative Update Nov 23

FORA: Share Buyout Bid And Evolving Guidance Will Shape Outlook

Analysts have significantly reduced their price target for Forian from $5.00 to $2.10 per share, citing lower expected revenue growth and profit margins as the primary factors for the revision. What's in the News A consortium led by Max Wygod has announced plans to acquire the remaining 37% stake in Forian Inc.
Analysis Article Aug 24

Health Check: How Prudently Does Forian (NASDAQ:FORA) Use Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 02

Investors Aren't Entirely Convinced By Forian Inc.'s (NASDAQ:FORA) Revenues

There wouldn't be many who think Forian Inc.'s ( NASDAQ:FORA ) price-to-sales (or "P/S") ratio of 2.8x is worth a...
Analysis Article Feb 12

There's Reason For Concern Over Forian Inc.'s (NASDAQ:FORA) Massive 30% Price Jump

The Forian Inc. ( NASDAQ:FORA ) share price has done very well over the last month, posting an excellent gain of 30...
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New Narrative Jan 26

Integration Of Kyber Data Science Will Provide Differentiated Value To Customers

The acquisition of Kyber Data Science and strategic partnerships are expected to enhance market reach and shareholder value, driving revenue growth.
Analysis Article Aug 18

The Consensus EPS Estimates For Forian Inc. (NASDAQ:FORA) Just Fell A Lot

Market forces rained on the parade of Forian Inc. ( NASDAQ:FORA ) shareholders today, when the covering analyst...
Analysis Article Apr 05

Forian (NASDAQ:FORA) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Investors were disappointed with Forian Inc.'s ( NASDAQ:FORA ) earnings, despite the strong profit numbers. Our...
Analysis Article Apr 03

Unpleasant Surprises Could Be In Store For Forian Inc.'s (NASDAQ:FORA) Shares

Forian Inc.'s ( NASDAQ:FORA ) price-to-sales (or "P/S") ratio of 4.4x may look like a poor investment opportunity when...
Analysis Article Feb 27

Is Forian (NASDAQ:FORA) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article May 05

Investors Give Forian Inc. (NASDAQ:FORA) Shares A 28% Hiding

The Forian Inc. ( NASDAQ:FORA ) share price has fared very poorly over the last month, falling by a substantial 28...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if FORA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FORA's dividend payments have been increasing.


Dividend Yield vs Market

Forian Dividend Yield vs Market
How does FORA dividend yield compare to the market?
SegmentDividend Yield
Company (FORA)n/a
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.1%
Industry Average (Healthcare Services)1.0%
Analyst forecast (FORA) (up to 3 years)n/a

Notable Dividend: Unable to evaluate FORA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FORA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate FORA's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FORA has not reported any payouts.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 09:23
End of Day Share Price 2026/05/14 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Forian Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard BaldryRoth Capital Partners