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FWDI Stock Chart & Stats
$5.89
$0.20(5.14%)
At close: 4:00 PM EDT
$5.89
$0.20(5.14%)
Day’s Range― - ―
52-Week Range$3.48 - $46.00
Previous Close$4.2
Volume799.46K
Average Volume (3M)1.50M
Market Cap
$434.96M
Enterprise Value$471.07
Total Cash (Recent Filing)$13.28M
Total Debt (Recent Filing)$118.51M
Price to Earnings (P/E)―
Beta-0.43
Next Earnings
Dec 17, 2026EPS Estimate
0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-11.88
Shares Outstanding73,846,886
10 Day Avg. Volume899,189
30 Day Avg. Volume1,497,780
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$7.50Price Target Upside27.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-9.68
Revenue Forecast (FY)$58.30M
Bulls Say, Bears Say
Bulls Say
SOL Treasury AccretionGrowing SOL holdings, staking rewards and SOL per share indicate that management is increasing digital-asset exposure on a per-share basis. If sustained, this strategy can strengthen the company’s treasury platform and support longer-term asset accumulation.
Revenue And Gross Margin GrowthThe sharp improvement in revenue and gross margin suggests meaningful operating traction during the strategy transition. Sustained growth and stronger unit economics could improve the company’s ability to fund expansion and absorb corporate costs over time.
Low Reported LeverageMinimal debt relative to equity gives Forward greater balance-sheet flexibility and limits near-term refinancing pressure. This supports continued investment in treasury assets or strategic opportunities, although future borrowing and asset volatility remain important constraints.
Bears Say
Deep And Volatile LossesLarge mark-to-market losses and impairments make reported earnings highly volatile and obscure underlying operating progress. Persistent losses can weaken investor confidence, reduce capital flexibility and complicate the company’s ability to demonstrate sustainable profitability.
Negative Cash GenerationMaterial cash burn means the business is not currently self-funding its operations and strategic expansion. If losses persist, Forward may need additional financing, asset sales or equity issuance, creating funding risk and potentially diluting existing shareholders.
Solana Concentration And Liquidity RiskHeavy exposure to SOL links asset values, earnings and strategic capacity to a single volatile ecosystem. Modest cash reserves relative to the digital-asset base may further limit flexibility during prolonged token weakness or periods of reduced financing access.
Forward Industries News
FWDI FAQ
What was Forward Industries’s price range in the past 12 months?
Forward Industries lowest stock price was $3.48 and its highest was $46.00 in the past 12 months.
What is Forward Industries’s market cap?
Forward Industries’s market cap is $434.96M.
When is Forward Industries’s upcoming earnings report date?
Forward Industries’s upcoming earnings report date is Dec 17, 2026 which is in 107 days.
How were Forward Industries’s earnings last quarter?
Forward Industries released its earnings results on Aug 12, 2026. The company reported -$0.8 earnings per share for the quarter, missing the consensus estimate of $0.033 by -$0.833.
Is Forward Industries overvalued?
According to Wall Street analysts Forward Industries’s price is currently Undervalued.
Does Forward Industries pay dividends?
Forward Industries does not currently pay dividends.
What is Forward Industries’s EPS estimate?
Forward Industries’s EPS estimate is 0.03.
How many shares outstanding does Forward Industries have?
Forward Industries has 73,846,886 shares outstanding.
What happened to Forward Industries’s price movement after its last earnings report?
Forward Industries reported an EPS of -$0.8 in its last earnings report, missing expectations of $0.033. Following the earnings report the stock price went down -5.909%.
Which hedge fund is a major shareholder of Forward Industries?
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:
$7.50 (27.33% Upside)
$7.50 (27.33% Upside)
Blogger Sentiment
Neutral
FWDI Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 32.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days <0.1%
Last 30 Days ▲ 2.8%
Last 30 Days ▲ 2.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-59.52%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
7164.42%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Forward Industries
Forward Industries, Inc. operates through two segments: Digital Assets and Design. The company's primary strategy is focused on its Digital Assets segment, which acquires, holds, and stakes Solana (SOL) and other digital assets, adopting SOL as its main treasury reserve asset. The Design segment provides hardware and software product design and engineering services to customers in the medical and technology sectors.
FWDI Company Deck
FWDI Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong operational progress: rapid SOL per share compounding (9% QoQ, 36% annualized), meaningful accumulation of SOL (7.0M → 7.6M in the quarter and ~7.8M as of Aug 3), index inclusion (Russell 2000/3000), substantial revenue and gross margin improvement, and strategic RWA investments (OnRe) to diversify dollar-denominated yield. Offsetting these positives were large GAAP mark-to-market losses and an impairment leading to a $69M net loss, increased SG&A versus the prior year, price volatility of SOL despite ecosystem growth, and relatively modest cash on hand. Management frames the losses as non‑cash fair-value movements and reiterates a long-term, accretive SOL-per-share strategy, low-cost financing (2.6% average), and active capital deployment (buybacks, ATM issuances, M&A pipeline). On balance, operational momentum and strategic execution appear to meaningfully outweigh the quarter’s mark-to-market-driven negatives, though investors face continued volatility and clarity needs on some disclosure items.View all FWDI earnings summariesFWDI Stock 12 Month Forecast
Average Price Target
$7.50
▲(27.33% Upside)
Ownership Overview
8.07% Insiders
1.07% Mutual Funds
21.47% Other Institutional Investors
61.18% Public Companies and
Individual Investors