Forward Industries (NASDAQ:FWDI) Shares Gap Up - Here's Why

Forward Industries, Inc. (NASDAQ:FWDI - Get Free Report)'s share price gapped up before the market opened on Friday. The stock had previously closed at $6.20, but opened at $6.68. Forward Industries shares last traded at $6.9250, with a volume of 587,153 shares traded.

Analyst Ratings Changes

FWDI has been the topic of several recent analyst reports. B. Riley Financial lifted their target price on shares of Forward Industries from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, September 22nd. Cantor Fitzgerald upped their target price on shares of Forward Industries from $8.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, September 10th. Wall Street Zen upgraded shares of Forward Industries from a "sell" rating to a "hold" rating in a research report on Saturday, September 12th. Finally, Weiss Ratings raised shares of Forward Industries from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Forward Industries has an average rating of "Hold" and an average price target of $13.50.

Forward Industries Trading Up 1.7%

The firm has a market cap of $586.00 million, a P/E ratio of 66.27 and a beta of 0.88. The company has a fifty day moving average price of $5.75 and a two-hundred day moving average price of $4.93.

Forward Industries (NASDAQ:FWDI - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.80) earnings per share 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 for the quarter. As a group, sell-side analysts expect that Forward Industries, Inc. will post -0.38 EPS for the current year.

Institutional Investors Weigh In On Forward Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new stake in Forward Industries during the second quarter worth approximately $88,000. ParaFi Capital LP bought a new position in Forward Industries in the second quarter valued at approximately $684,000. Bank of New York Mellon Corp bought a new position in Forward Industries in the second quarter valued at approximately $739,000. Finally, Aristides Capital LLC bought a new position in Forward Industries in the fourth quarter valued at approximately $180,000.

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.