Forward Industries (NASDAQ:FWDI) Shares Cross Above Fifty Day Moving Average - Here's Why

Key Points

• Forward Industries shares rose 5.4%, trading as high as $7.00 and above the 50-day moving average of $6.89. The stock last traded at $6.97 on volume of roughly 1.4 million shares.
• Analyst sentiment remains mixed, with two Buy ratings, one Hold, and one Sell. The consensus rating is Hold, while the average price target of $13.50 implies potential upside.
• The company reported a quarterly loss of $0.80 per share, missing the $0.04 consensus estimate, on $10.78 million in revenue. Forward Industries is shifting toward a Solana-focused digital-asset treasury strategy following a planned $1.65 billion private investment.

Shares of Forward Industries, Inc. (NASDAQ:FWDI - Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.89 and traded as high as $7.00. Forward Industries shares last traded at $6.97, with a volume of 1,414,682 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Forward Industries from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 29th. Wall Street Zen raised Forward Industries from a "sell" rating to a "hold" rating in a research note on Saturday, September 12th. 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 note on Thursday, September 10th. Finally, B. Riley Financial raised their price target on Forward Industries from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $13.50.

Forward Industries Stock Up 5.4%

The firm's 50-day simple moving average is $6.89 and its 200-day simple moving average is $5.35. The firm has a market capitalization of $514.71 million, a PE ratio of 58.08 and a beta of 0.84.

Forward Industries (NASDAQ:FWDI - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $10.78 million during the quarter. On average, equities research analysts forecast that Forward Industries, Inc. will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Forward Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Forward Industries in the 2nd quarter worth approximately $739,000. ParaFi Capital LP bought a new stake in Forward Industries in the second quarter valued at approximately $684,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Forward Industries during the second quarter valued at approximately $88,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.