Forward Industries, Inc. (NASDAQ:FWDI) Receives Consensus Rating of “Hold” from Analysts

Shares of Forward Industries, Inc. (NASDAQ:FWDI) have earned an average rating of “Hold” from the four brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.50.

FWDI has been the topic of several recent research reports. B. Riley Financial raised their target price on Forward Industries from $9.00 to $11.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald raised their price objective on Forward Industries from $8.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Wall Street Zen raised Forward Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings upgraded Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th.

Hedge Funds Weigh In On Forward Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new position in Forward Industries during the second quarter valued at approximately $88,000. Aristides Capital LLC bought a new stake in Forward Industries during the fourth quarter valued at about $180,000. Wolverine Asset Management LLC bought a new stake in Forward Industries during the fourth quarter valued at about $909,000. ParaFi Capital LP bought a new stake in Forward Industries during the second quarter valued at about $684,000. Finally, Bank of New York Mellon Corp bought a new stake in Forward Industries during the second quarter valued at about $739,000.

Forward Industries Stock Up 1.5%

FWDI stock traded up $0.12 during trading hours on Thursday, hitting $7.92. The company’s stock had a trading volume of 1,223,704 shares, compared to its average volume of 1,245,608. The stock has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $4.93. Forward Industries has a 12 month low of $3.48 and a 12 month high of $28.25. The company has a market capitalization of $584.60 million, a PE ratio of 66.27 and a beta of 0.88.

Forward Industries (NASDAQ:FWDI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.84). The business had revenue of $10.78 million for the quarter. Forward Industries had a negative net margin of 2,073.82% and a negative return on equity of 18.05%. Sell-side analysts expect that Forward Industries will post -0.38 earnings per share for the current year.

Forward Industries Company Profile

Forward Industries is a Solana (SOL) focused digital asset treasury company with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols and businesses. The company’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL. Additionally, Forward Industries engages with, provides tools to, and invests in the Solana protocol, Solana developers, and Solana-related projects to further develop the SOL ecosystem.

In September 2025, Forward Industries announced a $1.65 billion private investment in public equity offering led by Galaxy Digital, Jump Crypto, and Multicoin Capital with participation with C/M Capital Partners, LP, one of Forward Industries’ largest existing Shareholders, to initiate a Solana-focused digital asset treasury strategy and further align the company with the fast-growing Solana ecosystem.