175,121 Shares in Forward Industries, Inc. $FWDI Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in Forward Industries, Inc. (NASDAQ:FWDI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 175,121 shares of the company's stock, valued at approximately $739,000. Bank of New York Mellon Corp owned 0.23% of Forward Industries at the end of the most recent reporting period.

Separately, Aristides Capital LLC acquired a new position in shares of Forward Industries during the 4th quarter worth $180,000.

Forward Industries Price Performance

Shares of NASDAQ:FWDI traded up $0.12 during midday trading on Thursday, hitting $7.92. 1,223,704 shares of the company's stock were exchanged, compared to its average volume of 1,245,608. Forward Industries, Inc. has a 12 month low of $3.48 and a 12 month high of $28.25. The stock has a 50 day moving average price of $5.75 and a 200-day moving average price of $4.93. The company has a market cap of $584.60 million, a PE ratio of 66.27 and a beta of 0.88.

Forward Industries (NASDAQ:FWDI - Get Free Report) last posted 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). Forward Industries had a negative net margin of 2,073.82% and a negative return on equity of 18.05%. The business had revenue of $10.78 million during the quarter. On average, analysts anticipate that Forward Industries, Inc. will post -0.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of Forward Industries from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 29th. B. Riley Financial boosted their price target on 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 upped their price target on Forward Industries from $8.00 to $16.00 and gave the stock an "overweight" rating in a report on Thursday, September 10th. Finally, Wall Street Zen raised shares of Forward Industries from a "sell" rating to a "hold" rating in a research note on Saturday, September 12th. Two 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $13.50.

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.