Forian Inc.

Forian Inc.

FORA·NASDAQ

$2.17

+0.0000%
HealthcareMedical - Healthcare Information Services

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. It operates through three segments: Information & Software, Services, and Other. The company's products include BioTrack, a vertically integrated point of sale, manufacturing, delivery, and cultivator software solution for dispensaries, cultivators, manufacturers, and distributors; and Cannalytics, a Software as a Service based analytics solution that provides clients with a presentation of business performance. Its products also comprise BioTrack seed-to-sale compliance traceability platform, which is used to manage the tracking and tracing of various cannabis products from cultivation to sale; BioTrack State Traceability & Enforcement Monitoring System to ensure transparency and accountability throughout cannabis supply chain; and STEMS, a seed-to-sale tracking module, to provide cannabis program management solution to cannabis regulatory agencies. In addition, the company offers security monitoring and web marketing services. The company is headquartered in Newtown, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$67.79M
EPS-0.0924
P/E Ratio-22.95
Earnings Date08/12/2026
fora

Forian Inc. Street Expectations Map

FORA · NASDAQ

Wall Street analysts project that FORA stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 4.50, with estimates ranging from a low of 4.50 to a high of 4.50.

Lowest Target
4.50
107.37%
Consensus Target
4.50
107.37%
Highest Target
4.50
107.37%

The consensus 1-year price target stands at 4.50, with estimates ranging from a low of 4.50 to a high of 4.50.

Analyst Consensus Analysis

Upside Potential

+107.4%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Forian Inc. Forward Estimates of Revenue

FORA · NASDAQ
Latest Revenue
30.26M
FY 2025
Avg Estimate
32.17M
FY 2026
Estimate Range
32.17M - 32.17M
Analyst Spread

Forward Growth Analysis

Projected Growth+6.3%

Moderate growth expected, typical for mature businesses with stable market positions.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

fora

Forian Inc. Forward Estimates of Net Income

FORA · NASDAQ
Latest Net Income
-2.87M
FY 2025
Avg Estimate
-1.24M
FY 2026
Estimate Range
-1.24M - -1.24M
Analyst Spread

Forward Growth Analysis

Projected Growth+56.8%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Forian Inc. Forward Estimates of EPS

FORA · NASDAQ
Latest EPS
-0.09
FY 2025
Avg Estimate
$-0.04
FY 2026
Estimate Range
$-0.04 - $-0.04
Analyst Spread

Forward Growth Analysis

Projected Growth+56.7%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Forian Inc. Forward Estimates of EBIT

FORA · NASDAQ
Latest EBIT
-2.47M
FY 2025
Avg Estimate
-19.42M
FY 2026
Estimate Range
-19.42M - -19.42M
Analyst Spread

Forward Growth Analysis

Projected Growth-686.8%

Significant contraction projected—major business challenges or industry disruption likely.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Forian Inc. Forward Estimates of EBITDA

FORA · NASDAQ
Latest EBITDA
-2.24M
FY 2025
Avg Estimate
-19.37M
FY 2026
Estimate Range
-19.37M - -19.37M
Analyst Spread

Forward Growth Analysis

Projected Growth-765.5%

Significant contraction projected—major business challenges or industry disruption likely.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Forian Inc. Forward Estimates of SG&A Expense

FORA · NASDAQ
Latest SG&A Expense
15.44M
FY 2025
Avg Estimate
54.79M
FY 2026
Estimate Range
54.79M - 54.79M
Analyst Spread

Forward Growth Analysis

Projected Growth+254.7%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Forian Inc. Insider Positioning

FORA · NASDAQ

During the last 12 months, insiders have purchased $1.49M and sold $7K worth of FORA shares, resulting in $1.49M of net buying activity.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

150.0K

336.00K

Sold

0

0.00

Net Activity

+336K

+$336K

9-12 Months

Bought

600.0K

1.16M

Sold

3.3K

6.96K

Net Activity

+1.2M

+$1.15M

Top Buyers

1
VM

Vesey Michael

Officer: Chief Financial Officer

200.0K shares1 transactions

$386K

2
WMC

Wygod Max C

Director, 10 Percent Owner, Officer: Exec Chairman, Ceo & President

200.0K shares1 transactions

$386K

3
DAH

Dublin Adam H

Director, Officer: Chief Strategy Officer

200.0K shares1 transactions

$386K

4
MCS

Mcgrail Caroline Strickland

Officer: General Counsel

150.0K shares1 transactions

$336K

Top Sellers

1
VM

Vesey Michael

Officer: Chief Financial Officer

3.3K shares1 transactions

$7K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $1.49M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

214.56:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Insider Participation

High Buying

4 insider buyers vs. 1 sellers. Broad-based buying across management team suggests widespread confidence.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.