Forward Industries (NASDAQ:FWDI) Shares Gap Up – Should You Buy?

Posted by Geri Gentry on Aug 29th, 2026

Forward Industries, Inc. (NASDAQ:FWDI – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $5.93, but opened at $6.39. Forward Industries shares last traded at $6.8090, with a volume of 624,165 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cantor Fitzgerald upped their price target on shares of 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 Financial decreased their price target on shares of Forward Industries from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Wall Street Zen cut shares of Forward Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Forward Industries presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Get Our Latest Stock Report on FWDI

Forward Industries Price Performance

The business’s 50-day moving average price is $4.45 and its 200 day moving average price is $4.55. The firm has a market capitalization of $434.98 million, a price-to-earnings ratio of 49.08 and a beta of 0.81.

Forward Industries (NASDAQ:FWDI – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.84). The firm had revenue of $10.78 million for the quarter. Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. As a group, sell-side analysts expect that Forward Industries, Inc. will post -0.4 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FWDI. ParaFi Capital LP purchased a new position in Forward Industries in the second quarter valued at about $684,000. Bank of New York Mellon Corp purchased a new stake in Forward Industries during the 2nd quarter worth approximately $739,000. Aristides Capital LLC acquired a new position in shares of Forward Industries in the 4th quarter valued at approximately $180,000. Galaxy Group Investments LLC purchased a new position in shares of Forward Industries during the 4th quarter valued at approximately $53,595,000. Finally, XTX Topco Ltd purchased a new position in shares of Forward Industries during the 4th quarter valued at approximately $419,000.

About Forward Industries

(Get Free Report)

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.