Forward Industries, Inc. (FWDI)
NASDAQ:FWDI
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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$4.03 - $46.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)853.09K
Market Cap
$367.47M
Enterprise Value-$11.86M
Total Cash (Recent Filing)$25.39M
Total Debt (Recent Filing)$5.93M
Price to Earnings (P/E)―
Beta-0.75
Next Earnings
May 08, 2026EPS Estimate
0.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-29.86
Shares Outstanding83,139,040
10 Day Avg. Volume719,879
30 Day Avg. Volume853,091
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-0.36
Enterprise Value/Gross Profit-0.58
Enterprise Value/Ebitda0.07
Forecast
1Y Price Target
$7.00Price Target Upside0.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-5.63
Revenue Forecast (FY)$90.41M
Bulls Say, Bears Say
Bulls Say
Staked SOL TreasuryAn at-scale staked SOL treasury creates a durable, compoundable revenue stream via staking yield and increases strategic optionality (collateral, tokenized products, buybacks). A large liquid-asset base supports long-term SOL-per-share accretion and differentiated asset exposure vs peers.
Revenue And Margin ExpansionA sharp revenue rebound alongside materially higher gross margins reflects a structural shift toward higher-margin staking and token-related income versus legacy product sales. If sustained, this improves operating leverage and the company's capacity to fund growth or reduce dependence on external financing.
Product And Token InnovationProprietary fwdSOL, AMM testing and on-chain tokenized shares broaden product set and create recurring, scalable revenue and liquidity options. These structural innovations diversify revenue away from hardware accessory cycles and embed the company in growing Solana ecosystem use cases and institutional flows.
Bears Say
GAAP Earnings VolatilityLarge fair-value mark-to-market losses on SOL produce extreme GAAP volatility that will likely persist while SOL prices fluctuate and GAAP treats crypto as financial assets. This distorts operating performance, complicates comparability, may trigger covenant/credit concerns and can impair long-term investor confidence.
Weak Cash GenerationNegative operating and free cash flow combined with a material quarter-over-quarter cash decline reduces runway and forces reliance on financing or asset-backed loans. For a company funding staking/token strategies, ongoing cash burn increases refinancing risk and constrains discretionary investments over the next several months.
Elevated And Uncertain SG&AA large SG&A jump tied to transition and related-party charges raises uncertainty about normalized expense levels. Until management provides a concrete, sustainable run-rate, operating leverage is unclear and forecasting profitability and cash needs remains difficult, pressuring medium-term margin recovery plans.
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 $367.47M.
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 3 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 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 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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Analyst Consensus
Moderate Buy
Average Price Target:
$7.00 (0.72% Upside)
$7.00 (0.72% Upside)
Blogger Sentiment
Bullish
FWDI Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 610.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.0%
Last 30 Days ▲ 12.7%
Last 30 Days ▲ 12.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-10.86%
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 summariesFWDI Stock 12 Month Forecast
Average Price Target
$7.00
▲(0.72% Upside)
Ownership Overview
2.87% Insiders
0.90% Mutual Funds
0.01% Other Institutional Investors
95.00% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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