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Forward Industries (FWDI) Competitors

Forward Industries logo
$4.75 +0.26 (+5.79%)
Closing price 04:00 PM Eastern
Extended Trading
$4.76 +0.01 (+0.21%)
As of 07:49 PM Eastern
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FWDI vs. SWIM, KRT, DSWL, NEWH, and YHGJ

Should you be buying Forward Industries stock or one of its competitors? The main competitors of Forward Industries include Latham Group (SWIM), Karat Packaging (KRT), Deswell Industries (DSWL), NewHydrogen (NEWH), and Yunhong Green CTI (YHGJ). These companies are all part of the "rubber and plastic products" industry.

How does Forward Industries compare to Latham Group?

Latham Group (NASDAQ:SWIM) and Forward Industries (NASDAQ:FWDI) are both small-cap rubber and plastic products companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, risk, analyst recommendations, earnings, dividends, media sentiment, profitability and institutional ownership.

Latham Group has a net margin of 2.04% compared to Forward Industries' net margin of -2,148.40%. Latham Group's return on equity of 2.79% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Latham Group2.04% 2.79% 1.34%
Forward Industries -2,148.40%-27.36%-26.89%

Latham Group has a beta of 1.72, meaning that its stock price is 72% more volatile than the S&P 500. Comparatively, Forward Industries has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500.

Latham Group currently has a consensus price target of $6.75, indicating a potential upside of 15.19%. Forward Industries has a consensus price target of $7.00, indicating a potential upside of 47.37%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than Latham Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Latham Group
3 Sell rating(s)
2 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
1.86
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.33

84.0% of Latham Group shares are held by institutional investors. 3.3% of Latham Group shares are held by company insiders. Comparatively, 15.9% of Forward Industries shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Latham Group has higher revenue and earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Latham Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Latham Group$545.91M1.26$11.12M$0.0965.11
Forward Industries$18.19M21.71-$166.97M-$3.74N/A

In the previous week, Latham Group had 5 more articles in the media than Forward Industries. MarketBeat recorded 9 mentions for Latham Group and 4 mentions for Forward Industries. Forward Industries' average media sentiment score of 0.50 beat Latham Group's score of 0.44 indicating that Forward Industries is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Latham Group
1 Very Positive mention(s)
1 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Forward Industries
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Latham Group beats Forward Industries on 11 of the 17 factors compared between the two stocks.

How does Forward Industries compare to Karat Packaging?

Forward Industries (NASDAQ:FWDI) and Karat Packaging (NASDAQ:KRT) are both small-cap rubber and plastic products companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation, institutional ownership and media sentiment.

Karat Packaging has a net margin of 6.73% compared to Forward Industries' net margin of -2,148.40%. Karat Packaging's return on equity of 19.63% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,148.40% -27.36% -26.89%
Karat Packaging 6.73%19.63%10.29%

Karat Packaging has higher revenue and earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Karat Packaging, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$18.19M21.71-$166.97M-$3.74N/A
Karat Packaging$467.74M1.25$31.48M$1.5618.83

Forward Industries presently has a consensus price target of $7.00, indicating a potential upside of 47.37%. Karat Packaging has a consensus price target of $27.50, indicating a potential downside of 6.37%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than Karat Packaging.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.33
Karat Packaging
1 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.25

In the previous week, Forward Industries had 2 more articles in the media than Karat Packaging. MarketBeat recorded 4 mentions for Forward Industries and 2 mentions for Karat Packaging. Karat Packaging's average media sentiment score of 0.88 beat Forward Industries' score of 0.50 indicating that Karat Packaging is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Karat Packaging
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Forward Industries has a beta of 0.78, meaning that its share price is 22% less volatile than the S&P 500. Comparatively, Karat Packaging has a beta of 0.93, meaning that its share price is 7% less volatile than the S&P 500.

25.2% of Karat Packaging shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 57.9% of Karat Packaging shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

Karat Packaging beats Forward Industries on 11 of the 15 factors compared between the two stocks.

How does Forward Industries compare to Deswell Industries?

Forward Industries (NASDAQ:FWDI) and Deswell Industries (NASDAQ:DSWL) are both small-cap rubber and plastic products companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, profitability, dividends, analyst recommendations, valuation, institutional ownership and media sentiment.

Deswell Industries has a net margin of 0.00% compared to Forward Industries' net margin of -2,148.40%. Deswell Industries' return on equity of 0.00% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,148.40% -27.36% -26.89%
Deswell Industries N/A N/A N/A

Deswell Industries has higher revenue and earnings than Forward Industries. Forward Industries is trading at a lower price-to-earnings ratio than Deswell Industries, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$18.19M21.71-$166.97M-$3.74N/A
Deswell Industries$67.61M0.79$11.14M$0.486.94

Forward Industries has a beta of 0.78, indicating that its share price is 22% less volatile than the S&P 500. Comparatively, Deswell Industries has a beta of 0.67, indicating that its share price is 33% less volatile than the S&P 500.

In the previous week, Forward Industries had 3 more articles in the media than Deswell Industries. MarketBeat recorded 4 mentions for Forward Industries and 1 mentions for Deswell Industries. Forward Industries' average media sentiment score of 0.50 beat Deswell Industries' score of 0.00 indicating that Forward Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Deswell Industries
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Forward Industries presently has a consensus price target of $7.00, indicating a potential upside of 47.37%. Given Forward Industries' higher possible upside, analysts clearly believe Forward Industries is more favorable than Deswell Industries.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.33
Deswell Industries
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
3.00

Summary

Deswell Industries beats Forward Industries on 9 of the 15 factors compared between the two stocks.

How does Forward Industries compare to NewHydrogen?

Forward Industries (NASDAQ:FWDI) and NewHydrogen (NASDAQ:NEWH) are both small-cap rubber and plastic products companies, but which is the superior investment? We will compare the two companies based on the strength of their risk, valuation, earnings, profitability, analyst recommendations, dividends, institutional ownership and media sentiment.

NewHydrogen has a net margin of 0.00% compared to Forward Industries' net margin of -2,148.40%. Forward Industries' return on equity of -27.36% beat NewHydrogen's return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,148.40% -27.36% -26.89%
NewHydrogen N/A -11,574.14%-57.49%

In the previous week, Forward Industries had 2 more articles in the media than NewHydrogen. MarketBeat recorded 4 mentions for Forward Industries and 2 mentions for NewHydrogen. Forward Industries' average media sentiment score of 0.50 beat NewHydrogen's score of 0.00 indicating that Forward Industries is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Forward Industries
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
NewHydrogen
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

0.0% of NewHydrogen shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by insiders. Comparatively, 26.8% of NewHydrogen shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Forward Industries presently has a consensus price target of $7.00, indicating a potential upside of 47.37%. Given Forward Industries' stronger consensus rating and higher possible upside, equities analysts plainly believe Forward Industries is more favorable than NewHydrogen.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.33
NewHydrogen
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

Forward Industries has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500. Comparatively, NewHydrogen has a beta of 0.11, meaning that its stock price is 89% less volatile than the S&P 500.

NewHydrogen has lower revenue, but higher earnings than Forward Industries.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Forward Industries$18.19M21.71-$166.97M-$3.74N/A
NewHydrogenN/AN/A-$3.18MN/AN/A

Summary

Forward Industries beats NewHydrogen on 9 of the 13 factors compared between the two stocks.

How does Forward Industries compare to Yunhong Green CTI?

Yunhong Green CTI (NASDAQ:YHGJ) and Forward Industries (NASDAQ:FWDI) are both small-cap rubber and plastic products companies, but which is the better stock? We will compare the two companies based on the strength of their risk, media sentiment, dividends, institutional ownership, earnings, analyst recommendations, profitability and valuation.

Yunhong Green CTI has higher revenue and earnings than Forward Industries. Yunhong Green CTI is trading at a lower price-to-earnings ratio than Forward Industries, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Yunhong Green CTI$19.70M0.41-$2.53M-$1.04N/A
Forward Industries$18.19M21.71-$166.97M-$3.74N/A

Yunhong Green CTI has a net margin of -12.84% compared to Forward Industries' net margin of -2,148.40%. Forward Industries' return on equity of -27.36% beat Yunhong Green CTI's return on equity.

Company Net Margins Return on Equity Return on Assets
Yunhong Green CTI-12.84% -28.77% -11.01%
Forward Industries -2,148.40%-27.36%-26.89%

In the previous week, Forward Industries had 3 more articles in the media than Yunhong Green CTI. MarketBeat recorded 4 mentions for Forward Industries and 1 mentions for Yunhong Green CTI. Forward Industries' average media sentiment score of 0.50 beat Yunhong Green CTI's score of 0.00 indicating that Forward Industries is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Yunhong Green CTI
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Forward Industries
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Yunhong Green CTI has a beta of 0.42, meaning that its share price is 58% less volatile than the S&P 500. Comparatively, Forward Industries has a beta of 0.78, meaning that its share price is 22% less volatile than the S&P 500.

2.1% of Yunhong Green CTI shares are held by institutional investors. 44.8% of Yunhong Green CTI shares are held by company insiders. Comparatively, 15.9% of Forward Industries shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Forward Industries has a consensus price target of $7.00, suggesting a potential upside of 47.37%. Given Forward Industries' stronger consensus rating and higher probable upside, analysts clearly believe Forward Industries is more favorable than Yunhong Green CTI.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Yunhong Green CTI
1 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.00
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.33

Summary

Forward Industries beats Yunhong Green CTI on 9 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FWDI and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FWDI vs. The Competition

Export
MetricForward IndustriesMisc. Plastic Products IndustryManufacturing SectorNASDAQ Exchange
Market Cap$373.29M$196.68M$4.22B$11.77B
Dividend YieldN/AN/A5.87%5.26%
P/E Ratio-1.278.2818.1423.23
Price / Sales21.7111.21163.7375.49
Price / CashN/A8.6052.0853.90
Price / Book0.270.9437.876.69
Net Income-$166.97M-$82.62M$114.66M$332.64M
7 Day Performance10.47%5.23%1.21%2.01%
1 Month Performance10.72%5.36%5.51%9.19%
1 Year PerformanceN/AN/A18.68%39.59%

Forward Industries Competitors List

Export
CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWDI
Forward Industries
2.3982 of 5 stars		$4.75
+5.8%		$7.00
+47.4%		N/A$373.29M$18.19MN/A100
SWIM
Latham Group
2.5511 of 5 stars		$5.80
-2.4%		$6.75
+16.4%		N/A$694.74M$545.91M64.441,804
KRT
Karat Packaging
3.3746 of 5 stars		$28.93
-0.1%		$27.50
-4.9%		N/A$578.35M$467.74M18.54680
DSWL
Deswell Industries
2.2052 of 5 stars		$3.34
-1.8%		N/AN/A$54.18M$67.61M6.96990
NEWH
NewHydrogen
N/A$0.03
-4.9%		N/AN/A$20.74MN/AN/A2

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This page (NASDAQ:FWDI) was last updated on 5/5/2026 by MarketBeat.com Staff.
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