Forward Industries (NASDAQ:FWDI) Stock Moved Up to "Hold" by Wall Street Zen

Forward Industries (NASDAQ:FWDI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, September 12th, Wall Street Zen reports.

FWDI has been the subject of several other reports. Weiss Ratings upgraded shares of Forward Industries from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, July 29th. 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 report on Thursday, September 10th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of Forward Industries in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.50.

Forward Industries Stock Up 1.7%

Shares of FWDI traded up $0.14 during mid-day trading on Friday, hitting $7.94. 1,223,704 shares of the company's stock were exchanged, compared to its average volume of 1,245,608. The stock has a market cap of $586.00 million, a price-to-earnings ratio of 66.27 and a beta of 0.88. The firm has a fifty day moving average of $5.75 and a two-hundred day moving average of $4.93. Forward Industries has a twelve month low of $3.48 and a twelve month high of $28.25.

Forward Industries (NASDAQ:FWDI - Get Free Report) last announced its earnings results 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). Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%.The company had revenue of $10.78 million for the quarter. On average, equities analysts predict that Forward Industries will post -0.38 earnings per share for the current year.

Institutional Investors Weigh In On Forward Industries

Institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd bought a new stake in shares of Forward Industries in the 2nd quarter valued at approximately $88,000. Aristides Capital LLC acquired a new stake in Forward Industries in the 4th quarter valued at $180,000. ParaFi Capital LP acquired a new stake in Forward Industries in the 2nd quarter valued at $684,000. Finally, Bank of New York Mellon Corp bought a new stake in Forward Industries in the second quarter valued at $739,000.

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.