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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$3.48 - $46.00
Previous CloseN/A
VolumeN/A
Average Volume (3M)1.51M
Market Cap
$307.55M
Enterprise Value$382.12M
Total Cash (Recent Filing)$16.63M
Total Debt (Recent Filing)$52.99M
Price to Earnings (P/E)―
Beta-0.34
Next Earnings
Dec 17, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-11.15
Shares Outstanding73,753,240
10 Day Avg. Volume1,050,393
30 Day Avg. Volume1,511,988
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 Cap1.24
Enterprise Value/Revenue8.52
Enterprise Value/Gross Profit12.67
Enterprise Value/Ebitda-0.87
Forecast
1Y Price Target
$7.95Price Target Upside14.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-9.07
Revenue Forecast (FY)$60.51M
Bulls Say, Bears Say
Bulls Say
High Gross Margin And Revenue DiversificationStaking-driven revenue produced unusually high gross margins and a multi-fold top-line rebound, creating a structurally higher-margin revenue stream versus legacy product sales. Sustained high gross margin improves operating leverage and supports a durable path to profitability if cash burn and SG&A trends continue favorably.
Staking Scale And SOL-per-share CompoundingA large staked position and measurable SOL-per-share compounding provide an asset-backed, recurring yield engine that augments product sales. Scale as an 8th-largest validator creates durable operational capacity, network credibility and compounding economics that can generate non-correlated, predictable protocol-native revenue over time.
Conservative Headline LeverageVery low reported leverage gives the company structural financial flexibility to fund staking operations, targeted investments (OnRe/ONyc) and cost restructuring without immediate solvency pressure. A light debt profile enhances optionality for non-dilutive financing and supports resilience through crypto cycle volatility.
Bears Say
Weak Cash Generation And Ongoing Cash BurnConsistent negative operating and free cash flow signals structural cash-generation weakness that increases reliance on external financing or asset sales. Persistent burn constrains reinvestment, elevates refinancing risk during down markets and limits the company's ability to convert high gross margins into sustained, self-funded growth.
P&L Volatility From Digital-asset Fair-value AccountingFair-value accounting for SOL and fwdSOL produces very large, non-cash swings in operating income that can obscure operational trends and impair comparability. This structural earnings volatility complicates capital allocation, investor assessment and may lead to conservative counterparties or higher-cost financing over time.
Governance And Execution Risk From Disputed DealsAllegations of coordinated investor activity plus multiple rebuffed acquisition attempts raise persistent governance and execution risks. Legal scrutiny and contentious M&A outreach can distract management, increase regulatory/transactional friction and hamper strategic consolidation efforts in the Solana/treasury niche.
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 $3.48 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 $307.55M.
When is Forward Industries, Inc.’s upcoming earnings report date?
Forward Industries, Inc.’s upcoming earnings report date is Dec 17, 2026 which is in 148 days.
How were Forward Industries, Inc.’s earnings last quarter?
Forward Industries, Inc. released its earnings results on May 14, 2026. The company reported -$2.98 earnings per share for the quarter, missing the consensus estimate of $0.08 by -$3.06.
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 for its next earnings report is not yet available.
How many shares outstanding does Forward Industries, Inc. have?
Forward Industries, Inc. has 73,753,240 shares outstanding.
What happened to Forward Industries, Inc.’s price movement after its last earnings report?
Forward Industries, Inc. reported an EPS of -$2.98 in its last earnings report, missing expectations of $0.08. Following the earnings report the stock price went down -11.637%.
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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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$7.95 (14.39% Upside)
$7.95 (14.39% Upside)
Blogger Sentiment
Bullish
FWDI Sentiment 70%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 14.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $2.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 14.7%
Last 30 Days ▲ 14.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-54.69%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
4831.90%
Trailing 12-Months
Company Description
Forward Industries, Inc.
Forward Industries, Inc., together with its subsidiaries, provides hardware and software product design and engineering services primarily in the United States. The company operates through Design and Digital Assets segments. It offers design, engineering, and development services for consumer and industrial electronics products, such as medical products, smart displays, beverage vending, enterprise and mobile software applications, lighting, security and detections systems, cameras, wearables, and vehicle controls. The company also provides electrical, mechanical, software, and optical engineering services; industrial design and user experience/user interface design and development; and program management, IoT system architecture, and IT support services. Forward Industries, Inc. was incorporated in 1961 and is based in Hauppauge, New York.
FWDI Stock 12 Month Forecast
Average Price Target
$7.95
▲(14.39% Upside)
Ownership Overview
7.49% Insiders
1.07% Mutual Funds
<0.01% Other Institutional Investors
84.10% Public Companies and
Individual Investors