Forward Industries, Inc. (NASDAQ:FWDI – Get Free Report) traded up 7.9% on Wednesday. The stock traded as high as $7.52 and last traded at $7.5620. Approximately 985,158 shares changed hands during trading, a decline of 24% from the average session volume of 1,291,840 shares. The stock had previously closed at $7.01.
Analyst Upgrades and Downgrades
Several analysts have commented on FWDI shares. B. Riley Financial boosted their price target on shares of Forward Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Cantor Fitzgerald increased their target price on Forward Industries from $8.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Wall Street Zen upgraded shares of Forward Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Weiss Ratings raised shares of Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.50.
Read Our Latest Report on FWDI
Forward Industries Stock Up 0.4%
The company’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $5.23. The stock has a market cap of $518.06 million, a P/E ratio of 58.52 and a beta of 0.84.
Forward Industries (NASDAQ:FWDI – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.84). Forward Industries had a negative net margin of 2,073.82% and a negative return on equity of 18.05%. The firm had revenue of $10.78 million during the quarter. As a group, equities research analysts forecast that Forward Industries, Inc. will post -0.38 earnings per share for the current year.
Institutional Trading of Forward Industries
A number of institutional investors have recently made changes to their positions in FWDI. Bank of New York Mellon Corp purchased a new position in shares of Forward Industries in the 2nd quarter valued at approximately $739,000. ParaFi Capital LP acquired a new stake in shares of Forward Industries during the second quarter worth about $684,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Forward Industries in the 2nd quarter valued at $88,000.
About Forward Industries
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.
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