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Forward Industries (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$3.32 - $46.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)749.81K
Market Cap
$423.18M
Enterprise Value-$10.71M
Total Cash (Recent Filing)$25.39M
Total Debt (Recent Filing)$5.93M
Price to Earnings (P/E)―
Beta-0.64
Next Earnings
May 08, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-5.91
Shares Outstanding83,139,040
10 Day Avg. Volume715,196
30 Day Avg. Volume749,812
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-0.32
Enterprise Value/Gross Profit-0.52
Enterprise Value/Ebitda0.07
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Large Staked SOL TreasuryA very large, highly staked SOL treasury creates a durable, compounding source of protocol-native yield and strategic optionality. Scale versus peers means recurring staking rewards and SOL-per-share accretion that can fund operations or strategic actions independent of product cycles.
Revenue And Gross Margin ExpansionSharp top-line growth and materially higher gross margins reflect a structural shift in revenue mix toward high-margin staking and token-related activities. Sustained higher margins improve cash generation potential and provide runway to scale product and treasury initiatives over the next several quarters.
Low Leverage / Clean Balance SheetMinimal external debt reduces solvency risk and preserves strategic flexibility. With low leverage, management can prioritize organic growth, opportunistic M&A, or shareholder actions without immediate refinancing pressure, a durable advantage during volatile crypto and product cycles.
Bears Say
Large MTM Losses & ImpairmentGAAP recognition of large mark-to-market writedowns produces extreme earnings volatility and dramatically weakens reported profitability and shareholder returns. Persistent exposure to digital-asset price swings can continue to produce large non-cash hits that degrade capital metrics and investor comparability.
Negative Operating And Free Cash FlowSustained negative operating and free cash flow signal cash burn and potential funding needs if trends persist. Even with staking yield, negative cash generation constrains investments, increases reliance on financing or asset sales, and elevates liquidity risk over the coming quarters.
Elevated SG&A & Expense UncertaintyA more than threefold rise in SG&A and sizable related-party charges create ongoing expense pressure and governance questions. Without a clear normalized SG&A trajectory, fixed cost increases could persist and erode operating leverage even as revenue improves, limiting sustainable margin gains.
Forward Industries News
FWDI FAQ
What was Forward Industries’s price range in the past 12 months?
Forward Industries lowest stock price was $3.32 and its highest was $46.00 in the past 12 months.
What is Forward Industries’s market cap?
Forward Industries’s market cap is $423.18M.
When is Forward Industries’s upcoming earnings report date?
Forward Industries’s upcoming earnings report date is May 08, 2026 which is in 58 days.
How were Forward Industries’s earnings last quarter?
Forward Industries 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 overvalued?
According to Wall Street analysts Forward Industries’s price is currently Overvalued.
Does Forward Industries pay dividends?
Forward Industries does not currently pay dividends.
What is Forward Industries’s EPS estimate?
Forward Industries’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Forward Industries have?
Forward Industries has 83,139,040 shares outstanding.
What happened to Forward Industries’s price movement after its last earnings report?
Forward Industries 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?
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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10
Hedge Fund Trend
Decreased
By 610.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $78.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.9%
Last 30 Days ▲ 1.4%
Last 30 Days ▲ 1.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
120.67%
12-Months-Change
Fundamentals
Return on Equity
-127.56%
Trailing 12-Months
Asset Growth
6518.19%
Trailing 12-Months
Company Description
Forward Industries
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
1.73% Insiders
0.98%
Mutual Funds
39.90% Other Institutional Investors
56.49% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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