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FWDI Stock Chart & Stats
$3.89
$0.20(5.14%)
At close: 4:00 PM EDT
$3.89
$0.20(5.14%)
Day’s Range― - ―
52-Week Range$3.48 - $46.00
Previous Close$4.2
Volume799.46K
Average Volume (3M)1.50M
Market Cap
$315.66M
Enterprise Value$456.87
Total Cash (Recent Filing)$13.28M
Total Debt (Recent Filing)$986.98K
Price to Earnings (P/E)―
Beta-0.34
Next Earnings
Dec 17, 2026EPS Estimate
0.04Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-11.88
Shares Outstanding73,753,240
10 Day Avg. Volume899,189
30 Day Avg. Volume1,497,780
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$7.50Price Target Upside92.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-8.91
Revenue Forecast (FY)$48.14M
Bulls Say, Bears Say
Bulls Say
High Gross Margin Driven By Staking RevenueStaking-derived revenue has structurally raised gross margins to ~70%, creating a durable margin buffer versus traditional product sales. High gross margins improve the company's ability to cover fixed SG&A, invest in on-chain deployments and sustain operations even if product sales remain volatile.
SOL-per-share Compounding Via Large SOL HoldingsMeaningful SOL holdings plus persistent staking rewards produce SOL-per-share accretion, a structural engine for NAV growth and cash-like yield compounding. This asset-backed accretion can fund buybacks, reduce dilution and create long-term shareholder value independent of short-term market prices.
Low Reported Leverage Provides Financial OptionalityA low headline debt-to-equity ratio gives the company flexibility to pursue non-dilutive financing, targeted buybacks and on-chain investments without immediate solvency pressure. Conserved leverage capacity supports strategic initiatives and helps manage liquidity during crypto-cycle volatility.
Bears Say
Large GAAP Losses From SOL Fair-value VolatilityFair-value accounting for SOL/fwdSOL creates persistent, large non-cash swings in reported earnings and equity, obscuring operating performance. These accounting losses can erode retained capital, depress ROE and complicate stakeholder assessment of sustainable profitability over multiple reporting periods.
Weak Operating Cash Flow And Recent Cash DepletionMaterial negative operating and free cash flow (~-$16.7M TTM) plus recent buybacks have cut cash balances, increasing reliance on debt and on-chain yield. Ongoing cash burn constrains reinvestment, raises refinancing risk and reduces the margin of safety if staking yields or SOL prices weaken.
Legal And Governance Scrutiny From Unsolicited Deal ActivityAllegations of undisclosed coordinated investor activity and rebuffed acquisition proposals introduce regulatory, legal and governance risk. Potential investigations or injunctions could be costly, distract management, hinder M&A execution and create lasting uncertainty for counterparties and institutional partners.
Forward Industries News
FWDI FAQ
What was Forward Industries’s price range in the past 12 months?
Forward Industries lowest stock price was $3.48 and its highest was $46.00 in the past 12 months.
What is Forward Industries’s market cap?
Forward Industries’s market cap is $315.66M.
When is Forward Industries’s upcoming earnings report date?
Forward Industries’s upcoming earnings report date is Dec 17, 2026 which is in 126 days.
How were Forward Industries’s earnings last quarter?
Forward Industries released its earnings results on Aug 12, 2026. The company reported -$0.8 earnings per share for the quarter, missing the consensus estimate of $0.033 by -$0.833.
Is Forward Industries overvalued?
According to Wall Street analysts Forward Industries’s price is currently Undervalued.
Does Forward Industries pay dividends?
Forward Industries does not currently pay dividends.
What is Forward Industries’s EPS estimate?
Forward Industries’s EPS estimate is 0.04.
How many shares outstanding does Forward Industries have?
Forward Industries has 73,753,240 shares outstanding.
What happened to Forward Industries’s price movement after its last earnings report?
Forward Industries reported an EPS of -$0.8 in its last earnings report, missing expectations of $0.033. Following the earnings report the stock price went same N/A.
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
Analyst Consensus
Moderate Buy
Average Price Target:
$7.50 (92.80% Upside)
$7.50 (92.80% Upside)
Blogger Sentiment
Neutral
FWDI Sentiment 50%
Sector Average ―
Sector Average ―
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
Positive
Last 7 Days ▼ 1.4%
Last 30 Days ▲ 4.7%
Last 30 Days ▲ 4.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-59.52%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
4831.90%
Trailing 12-Months
Company Description
Forward Industries
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 Company Deck
FWDI Earnings Call
Q3 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized strong operational progress: rapid SOL per share compounding (9% QoQ, 36% annualized), meaningful accumulation of SOL (7.0M → 7.6M in the quarter and ~7.8M as of Aug 3), index inclusion (Russell 2000/3000), substantial revenue and gross margin improvement, and strategic RWA investments (OnRe) to diversify dollar-denominated yield. Offsetting these positives were large GAAP mark-to-market losses and an impairment leading to a $69M net loss, increased SG&A versus the prior year, price volatility of SOL despite ecosystem growth, and relatively modest cash on hand. Management frames the losses as non‑cash fair-value movements and reiterates a long-term, accretive SOL-per-share strategy, low-cost financing (2.6% average), and active capital deployment (buybacks, ATM issuances, M&A pipeline). On balance, operational momentum and strategic execution appear to meaningfully outweigh the quarter’s mark-to-market-driven negatives, though investors face continued volatility and clarity needs on some disclosure items.View all FWDI earnings summariesFWDI Stock 12 Month Forecast
Average Price Target
$7.50
▲(92.80% Upside)
Ownership Overview
7.49% Insiders
1.07% Mutual Funds
1.49% Other Institutional Investors
81.74% Public Companies and
Individual Investors