Forward Industries (NASDAQ:FWDI) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Forward Industries (NASDAQ: FWDI) from “hold” to “sell.” The stock’s analyst consensus remains “hold,” with an average price target of $13.50.
• Analyst views are mixed: Weiss Ratings also rates the stock “sell,” while Cantor Fitzgerald and B. Riley maintain “overweight” and “buy” ratings, respectively.
• Forward Industries reported a quarterly loss of $0.80 per share, missing the $0.04 consensus estimate; shares opened at $4.94 after a reported 2.8% decline.

Forward Industries (NASDAQ:FWDI - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday, Wall Street Zen reports.

FWDI has been the topic of a number of other research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Forward Industries in a report on Tuesday, October 27th. Cantor Fitzgerald boosted their price objective on shares of Forward Industries from $8.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, September 10th. Finally, B. Riley Financial increased their price objective on Forward Industries from $9.00 to $11.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.50.

Forward Industries Stock Down 2.8%

Forward Industries stock opened at $4.94 on Friday. The business has a 50 day moving average of $6.92 and a 200-day moving average of $5.23. Forward Industries has a 1 year low of $3.48 and a 1 year high of $9.54.

Forward Industries (NASDAQ:FWDI - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.84). Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. The business had revenue of $10.78 million for the quarter. On average, sell-side analysts anticipate that Forward Industries will post -0.38 EPS for the current year.

Institutional Investors Weigh In On Forward Industries

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Forward Industries during the third quarter worth $41,000. WINTON GROUP Ltd bought a new stake in Forward Industries during the second quarter valued at $88,000. Polymer Capital Management US LLC acquired a new stake in Forward Industries during the 3rd quarter worth about $107,000. StoneX Group Inc. acquired a new stake in Forward Industries during the 3rd quarter worth about $134,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in Forward Industries during the 3rd quarter worth about $289,000.

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.

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