Forward Industries (NASDAQ:FWDI – Free Report) had its price objective increased by B. Riley Financial from $7.00 to $9.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.
FWDI has been the subject of a number of other research reports. Cantor Fitzgerald upped their target price on Forward Industries from $7.90 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. B Riley reaffirmed a “buy” rating on shares of Forward Industries in a report on Thursday. Weiss Ratings upgraded shares of Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Forward Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.50.
View Our Latest Research Report on FWDI
Forward Industries Stock Down 5.5%
Forward Industries (NASDAQ:FWDI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.84). The business had revenue of $10.78 million during the quarter. Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. On average, research analysts expect that Forward Industries will post -0.4 EPS for the current fiscal year.
Institutional Trading of Forward Industries
Several hedge funds and other institutional investors have recently bought and sold shares of FWDI. Barclays PLC bought a new position in shares of Forward Industries during the 4th quarter worth about $43,000. Vontobel Holding Ltd. acquired a new stake in Forward Industries during the fourth quarter worth about $78,000. SummitTX Capital L.P. acquired a new stake in Forward Industries during the fourth quarter worth about $81,000. nVerses Capital LLC bought a new position in Forward Industries during the fourth quarter valued at about $99,000. Finally, Cetera Investment Advisers bought a new position in Forward Industries during the fourth quarter valued at about $111,000.
Forward Industries Company Profile
Forward Industries, Inc is a company that designs, manufactures and markets protective solutions and accessories for portable electronic devices. Its product range typically includes protective cases, covers, sleeves, holsters and carrying solutions tailored for smartphones, tablets and other consumer electronics, along with related accessory items. The company combines industrial design and materials engineering to produce products that protect devices from impact, abrasion and everyday wear.
The business model centers on product design, sourcing and distribution for retail, wholesale and original equipment manufacturer (OEM) channels.
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