Forward Industries, Inc. (FWDI)
NASDAQ:FWDI
FWDI Stock Chart & Stats
$6.95
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Market closed
$6.95
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Day’s Range― - ―
52-Week Range$4.03 - $46.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)956.38K
Market Cap
$356.67M
Enterprise Value-$12.09M
Total Cash (Recent Filing)$25.39M
Total Debt (Recent Filing)$5.93M
Price to Earnings (P/E)―
Beta-0.72
Next Earnings
May 08, 2026EPS Estimate
0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.91
Shares Outstanding83,139,040
10 Day Avg. Volume922,726
30 Day Avg. Volume956,380
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.12
Price to Sales (P/S)9.55
P/FCF Ratio-35.27
Enterprise Value/Market Cap-0.03
Enterprise Value/Revenue-0.37
Enterprise Value/Gross Profit-0.59
Enterprise Value/Ebitda0.08
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-5.63
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Large Staked Solana TreasuryForward’s very large, predominantly staked SOL reserve is a structural asset base that generates predictable staking rewards, provides collateral and optionality for tokenized products and financing, and materially elevates long-term per‑share backing relative to peers.
Recurring Staking Yield And SOL-per-share AccretionStaking produces recurring, protocol-level yield that compounds SOL-per-share over time. This creates a durable, asset-backed growth cadence that can support operating cash flow and shareholder economics irrespective of the legacy hardware case business.
Low Leverage / Clean Balance Sheet (recent Period)Minimal debt reduces near-term solvency and covenant risk, preserves strategic optionality for M&A or opportunistic buybacks, and lowers fixed financing costs—important for a company navigating cash flow variability from transition to a treasury-centric model.
Bears Say
GAAP-driven Earnings Volatility From Digital AssetsGAAP fair-value swings on SOL/fwdSOL create very large non-cash operating losses that materially distort reported profitability. This recurring accounting volatility complicates performance assessment, may deter investors or counterparties, and can limit access to equity financing when needed.
Negative Operating And Free Cash Flow; Declining Cash BalanceSustained negative operating and free cash flow implies ongoing cash burn and reliance on external funding or asset-backed loans. That weakens liquidity headroom, constrains investment and optionality, and raises the risk of dilutive financing if operational cash generation does not recover.
Elevated SG&A And Unclear Normalized Expense Run-rateSubstantially higher operating expenses during the Solana-transition period reduce operating leverage and slow the path to sustained profitability. Related-party charges and lack of a clear normalized cost baseline increase execution and governance risk for achieving durable margin improvement.
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 $4.03 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 $356.67M.
When is Forward Industries, Inc.’s upcoming earnings report date?
Forward Industries, Inc.’s upcoming earnings report date is May 08, 2026 which is in 32 days.
How were Forward Industries, Inc.’s earnings last quarter?
Forward Industries, Inc. released its earnings results on Feb 12, 2026. The company reported -$5.91 earnings per share for the quarter, missing the consensus estimate of N/A by -$5.91.
Is Forward Industries, Inc. overvalued?
According to Wall Street analysts Forward Industries, Inc.’s price is currently Overvalued.
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 is 0.08.
How many shares outstanding does Forward Industries, Inc. have?
Forward Industries, Inc. has 83,139,040 shares outstanding.
What happened to Forward Industries, Inc.’s price movement after its last earnings report?
Forward Industries, Inc. reported an EPS of -$5.91 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -0.412%.
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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Blogger Sentiment
Bullish
FWDI Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 610.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.7%
Last 30 Days ▲ 0.3%
Last 30 Days ▲ 0.3%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-4.24%
12-Months-Change
Fundamentals
Return on Equity
-127.56%
Trailing 12-Months
Asset Growth
6518.19%
Trailing 12-Months
Company Description
Forward Industries, Inc.
Forward Industries, Inc., together with its subsidiaries, designs, markets, and distributes carry and protective solutions primarily for handheld electronic devices. The company operates in three segments: OEM Distribution, Retail Distribution, and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits; and various portable electronic and non-electronic products, such as sporting and recreational products, bar code scanners, GPS devices, tablets, and firearms. The Retail Distribution segment sources and sells smart-enabled furniture and a range of other products through agreements with various retailers, including in stores and online retailer websites. The Design segment provides hardware and software product design and engineering services. The company sells its products to original equipment manufacturers in the Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Forward Industries, Inc. was incorporated in 1961 and is headquartered in Hauppauge, New York.
FWDI Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call presented a mix of strong operational execution and product development (notably rapid revenue growth, much-improved gross margins, large staked SOL treasury, fwdSOL launch, tokenized on-chain shares and institutional ecosystem progress) alongside a material, non-cash accounting-driven loss (≈$585.6M) and near-term liquidity and expense pressures (cash down ~33.5%, SG&A up ~260%). Management stresses that the large loss is driven by mark-to-market accounting for SOL fair value and emphasized a clean balance sheet and long-term strategy to compound SOL per share. Given the meaningful operational progress but the substantial reported net loss and fair-value volatility, the call balances clear strategic positives with significant near-term headline negatives.View all FWDI earnings summariesOwnership Overview
2.54% Insiders
0.98%
Mutual Funds
― Other Institutional Investors
95.26% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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