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FWDI Stock Chart & Stats
$6.95
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Market closed
$6.95
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Day’s Range― - ―
52-Week Range$3.48 - $46.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)1.50M
Market Cap
$312.71M
Enterprise Value$382.12M
Total Cash (Recent Filing)$16.63M
Total Debt (Recent Filing)$52.99M
Price to Earnings (P/E)―
Beta-0.34
Next Earnings
Dec 17, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-11.15
Shares Outstanding73,753,240
10 Day Avg. Volume1,082,230
30 Day Avg. Volume1,502,471
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.18
Price to Sales (P/S)95.48
P/FCF Ratio-383.52
Enterprise Value/Market Cap1.22
Enterprise Value/Revenue8.52
Enterprise Value/Gross Profit12.67
Enterprise Value/Ebitda-0.87
Forecast
1Y Price Target
$7.95Price Target Upside14.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-9.07
Revenue Forecast (FY)$60.51M
Bulls Say, Bears Say
Bulls Say
High Gross Margins From StakingStaking-generated revenue has driven unusually high gross margins (~70%), changing the company mix toward high-margin, recurring yield streams. Sustained staking income can structurally improve operating leverage, supporting profitability if staking scale and yields persist.
SOL-per-share Compounding & HoldingsMaterial SOL holdings plus demonstrated SOL-per-share compounding (annualized growth ~29% FD) create a non-dilutive asset-growth mechanism. Persistent staking rewards (>200k SOL cumulative) provide an endogenous capital accumulation engine that can underpin long-term NAV accretion.
Low Reported Leverage On Balance SheetHeadline low leverage gives the company financial flexibility to fund operations, strategic deployments, or weather crypto price swings without immediate solvency pressure. A conservative reported debt profile supports optionality for on-chain investments and operational transitions.
Bears Say
Large GAAP Volatility From Digital AssetsFair-value accounting for SOL and fwdSOL produces massive non-cash P&L swings and large GAAP losses that can obscure operating trends, depress equity, trigger covenant or regulatory scrutiny, and reduce investor confidence even when cash economics differ from accounting results.
Persistent Negative Operating And Free Cash FlowSustained cash burn undermines runway and forces reliance on financing or asset sales. Negative OCF and FCF constrain reinvestment, increase refinancing risk, and make the company vulnerable to liquidity shocks, especially after recent buybacks that materially reduced cash.
Legal, Governance Scrutiny And Failed DealsActive legal disputes and rebuffed acquisition attempts raise governance and execution risk. Allegations about undisclosed coordination can prompt regulatory review or shareholder action, distract management, and complicate consolidation or partnership strategies in the Solana ecosystem.
Forward Industries News
FWDI FAQ
What was Forward Industries, Inc.’s price range in the past 12 months?
Forward Industries, Inc. lowest stock price was $3.48 and its highest was $46.00 in the past 12 months.
What is Forward Industries, Inc.’s market cap?
Forward Industries, Inc.’s market cap is $312.71M.
When is Forward Industries, Inc.’s upcoming earnings report date?
Forward Industries, Inc.’s upcoming earnings report date is Dec 17, 2026 which is in 152 days.
How were Forward Industries, Inc.’s earnings last quarter?
Forward Industries, Inc. released its earnings results on May 14, 2026. The company reported -$2.98 earnings per share for the quarter, missing the consensus estimate of $0.08 by -$3.06.
Is Forward Industries, Inc. overvalued?
According to Wall Street analysts Forward Industries, Inc.’s price is currently Undervalued.
Does Forward Industries, Inc. pay dividends?
Forward Industries, Inc. does not currently pay dividends.
What is Forward Industries, Inc.’s EPS estimate?
Forward Industries, Inc.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Forward Industries, Inc. have?
Forward Industries, Inc. has 73,753,240 shares outstanding.
What happened to Forward Industries, Inc.’s price movement after its last earnings report?
Forward Industries, Inc. reported an EPS of -$2.98 in its last earnings report, missing expectations of $0.08. Following the earnings report the stock price went down -11.637%.
Which hedge fund is a major shareholder of Forward Industries, Inc.?
Currently, no hedge funds are holding shares in FWDI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Forward Industries Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$7.95 (14.39% Upside)
$7.95 (14.39% Upside)
Blogger Sentiment
Bullish
FWDI Sentiment 70%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 14.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $2.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.3%
Last 30 Days ▲ 14.7%
Last 30 Days ▲ 14.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-55.08%
12-Months-Change
Fundamentals
Return on Equity
-142.27%
Trailing 12-Months
Asset Growth
4831.90%
Trailing 12-Months
Company Description
Forward Industries, Inc.
Forward Industries, Inc., together with its subsidiaries, provides hardware and software product design and engineering services primarily in the United States. The company operates through Design and Digital Assets segments. It offers design, engineering, and development services for consumer and industrial electronics products, such as medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections systems, cameras, wearables, and vehicle controls. The company also provides electrical, mechanical, software, and optical engineering services; industrial design and user experience/user interface design and development; and program management, IoT system architecture, and IT support services. Forward Industries, Inc. was incorporated in 1961 and is based in Hauppauge, New York.
FWDI Stock 12 Month Forecast
Average Price Target
$7.95
▲(14.39% Upside)
Ownership Overview
7.49% Insiders
1.07% Mutual Funds
<0.01% Other Institutional Investors
83.29% Public Companies and
Individual Investors