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Forward Industries ( (FORD) ) has provided an update.
On September 15, 2025, Forward Industries, Inc., a New York corporation, announced its initial purchase of 6,822,000 Solana tokens (SOL) at an average price of $232 per SOL, totaling approximately $1.58 billion. This significant investment in cryptocurrency marks a strategic move for the company, potentially impacting its financial position and signaling a shift towards digital assets, which may influence stakeholders’ perceptions and the company’s future market strategies.
The most recent analyst rating on (FORD) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Forward Industries stock, see the FORD Stock Forecast page.
Spark’s Take on FORD Stock
According to Spark, TipRanks’ AI Analyst, FORD is a Neutral.
The overall stock score reflects significant financial challenges, including declining revenues and negative profitability, which are the most impactful factors. Technical analysis provides some positive signals, but the valuation remains unattractive due to the negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on FORD stock, click here.
More about Forward Industries
Average Trading Volume: 141,179
Technical Sentiment Signal: Buy
Current Market Cap: $62.03M
For a thorough assessment of FORD stock, go to TipRanks’ Stock Analysis page.