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Forward Industries (FWDI) Competitors

Forward Industries logo
$4.68 +0.40 (+9.35%)
As of 10:35 AM Eastern
This is a fair market value price provided by Massive. Learn more.

FWDI vs. SWIM, KRT, DSWL, NEWH, and NCL

Should you buy Forward Industries stock or one of its competitors? MarketBeat compares Forward Industries with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Forward Industries include Latham Group (SWIM), Karat Packaging (KRT), Deswell Industries (DSWL), NewHydrogen (NEWH), and Northann (NCL). These companies are all part of the "rubber and plastic products" industry.

How does Forward Industries compare to Latham Group?

Forward Industries (NASDAQ:FWDI) and Latham Group (NASDAQ:SWIM) 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 institutional ownership, profitability, earnings, dividends, media sentiment, valuation, risk and analyst recommendations.

84.0% of Latham Group shares are owned by institutional investors. 15.9% of Forward Industries shares are owned by company insiders. Comparatively, 3.3% of Latham Group shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Latham Group has a net margin of 1.55% compared to Forward Industries' net margin of -2,305.12%. Latham Group's return on equity of 2.13% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,305.12% -21.42% -20.82%
Latham Group 1.55%2.13%1.02%

In the previous week, Forward Industries had 1 more articles in the media than Latham Group. MarketBeat recorded 5 mentions for Forward Industries and 4 mentions for Latham Group. Latham Group's average media sentiment score of 1.77 beat Forward Industries' score of 0.63 indicating that Latham Group 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)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Latham Group
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Forward Industries has a beta of 0.78, suggesting that its stock price is 22% less volatile than the broader market. Comparatively, Latham Group has a beta of 1.67, suggesting that its stock price is 67% more volatile than the broader market.

Forward Industries presently has a consensus target price of $7.00, indicating a potential upside of 49.57%. Latham Group has a consensus target price of $7.50, indicating a potential upside of 33.10%. Given Forward Industries' higher possible upside, equities analysts plainly believe Forward Industries is more favorable than Latham Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Latham Group
2 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.00

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
Forward Industries$18.19M19.21-$166.97M-$2.05N/A
Latham Group$545.91M1.21$11.12M$0.0780.50

Summary

Latham Group beats Forward Industries on 11 of the 15 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 superior business? We will contrast the two businesses based on the strength of their institutional ownership, profitability, media sentiment, earnings, risk, dividends, valuation and analyst recommendations.

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$18.19M19.21-$166.97M-$2.05N/A
Karat Packaging$467.74M1.27$31.48M$1.5818.88

In the previous week, Forward Industries and Forward Industries both had 5 articles in the media. Forward Industries' average media sentiment score of 0.63 beat Karat Packaging's score of 0.18 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)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Karat Packaging
0 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Karat Packaging has a net margin of 6.61% compared to Forward Industries' net margin of -2,305.12%. Karat Packaging's return on equity of 19.87% beat Forward Industries' return on equity.

Company Net Margins Return on Equity Return on Assets
Forward Industries-2,305.12% -21.42% -20.82%
Karat Packaging 6.61%19.87%10.59%

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 endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Forward Industries has a beta of 0.78, suggesting that its share price is 22% less volatile than the broader market. Comparatively, Karat Packaging has a beta of 0.9, suggesting that its share price is 10% less volatile than the broader market.

Forward Industries currently has a consensus price target of $7.00, indicating a potential upside of 49.57%. Karat Packaging has a consensus price target of $31.50, indicating a potential upside of 5.58%. Given Forward Industries' higher possible upside, equities research analysts plainly 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)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Karat Packaging
1 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.17

Summary

Karat Packaging beats Forward Industries on 12 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 superior investment? We will contrast the two businesses based on the strength of their profitability, institutional ownership, valuation, earnings, dividends, media sentiment, risk and analyst recommendations.

Forward Industries has a beta of 0.78, indicating that its stock price is 22% less volatile than the broader market. Comparatively, Deswell Industries has a beta of 0.66, indicating that its stock price is 34% less volatile than the broader market.

Forward Industries currently has a consensus target price of $7.00, indicating a potential upside of 49.57%. Given Forward Industries' higher probable upside, research 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)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Deswell Industries
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, Forward Industries had 3 more articles in the media than Deswell Industries. MarketBeat recorded 5 mentions for Forward Industries and 2 mentions for Deswell Industries. Deswell Industries' average media sentiment score of 0.96 beat Forward Industries' score of 0.63 indicating that Deswell Industries is being referred to more favorably in the news media.

Company Overall Sentiment
Forward Industries Positive
Deswell Industries Positive

Deswell Industries has a net margin of 0.00% compared to Forward Industries' net margin of -2,305.12%. 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-2,305.12% -21.42% -20.82%
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$18.19M19.21-$166.97M-$2.05N/A
Deswell Industries$65.66M0.80$11.14M$0.486.84

Summary

Deswell Industries beats Forward Industries on 8 of the 13 factors compared between the two stocks.

How does Forward Industries compare to NewHydrogen?

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

0.0% of NewHydrogen shares are held by institutional investors. 26.8% of NewHydrogen 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, endowments and large money managers believe a company is poised for long-term growth.

Forward Industries has a consensus price target of $7.00, indicating a potential upside of 49.57%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than NewHydrogen.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
NewHydrogen
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

NewHydrogen has a beta of -0.04, indicating that its share price is 104% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.78, indicating that its share price is 22% less volatile than the broader market.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
NewHydrogenN/AN/A-$3.18MN/AN/A
Forward Industries$18.19M19.21-$166.97M-$2.05N/A

In the previous week, Forward Industries had 4 more articles in the media than NewHydrogen. MarketBeat recorded 5 mentions for Forward Industries and 1 mentions for NewHydrogen. Forward Industries' average media sentiment score of 0.63 beat NewHydrogen'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
NewHydrogen
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)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

NewHydrogen has a net margin of 0.00% compared to Forward Industries' net margin of -2,305.12%. Forward Industries' return on equity of -21.42% beat NewHydrogen's return on equity.

Company Net Margins Return on Equity Return on Assets
NewHydrogenN/A -11,574.14% -57.49%
Forward Industries -2,305.12%-21.42%-20.82%

Summary

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

How does Forward Industries compare to Northann?

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

Northann has a net margin of -26.58% compared to Forward Industries' net margin of -2,305.12%. Forward Industries' return on equity of -21.42% beat Northann's return on equity.

Company Net Margins Return on Equity Return on Assets
Northann-26.58% -456.34% -30.35%
Forward Industries -2,305.12%-21.42%-20.82%

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Northann$15.13M0.59-$7.13M-$0.29N/A
Forward Industries$18.19M19.21-$166.97M-$2.05N/A

Northann has a beta of 0.9, suggesting that its stock price is 10% less volatile than the broader market. Comparatively, Forward Industries has a beta of 0.78, suggesting that its stock price is 22% less volatile than the broader market.

0.3% of Northann shares are held by institutional investors. 8.2% of Northann shares are held by insiders. Comparatively, 15.9% of Forward Industries shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Forward Industries has a consensus target price of $7.00, indicating a potential upside of 49.57%. Given Forward Industries' stronger consensus rating and higher possible upside, analysts clearly believe Forward Industries is more favorable than Northann.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Northann
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
Forward Industries
1 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

In the previous week, Forward Industries had 3 more articles in the media than Northann. MarketBeat recorded 5 mentions for Forward Industries and 2 mentions for Northann. Forward Industries' average media sentiment score of 0.63 beat Northann'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
Northann
1 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)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Forward Industries beats Northann on 10 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

MetricForward IndustriesMisc. Plastic Products IndustryManufacturing SectorNASDAQ Exchange
Market Cap$346.14M$184.75M$4.35B$12.31B
Dividend YieldN/AN/A10.25%5.66%
P/E Ratio-2.2616.5522.3324.76
Price / Sales19.2110.04130.36168.32
Price / CashN/A8.6040.1937.92
Price / Book0.270.9427.526.90
Net Income-$166.97M-$82.62M$116.61M$337.45M
7 Day Performance12.77%6.87%2.54%2.84%
1 Month Performance4.46%2.68%2.67%4.78%
1 Year PerformanceN/AN/A15.22%33.08%

Forward Industries Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
FWDI
Forward Industries
3.2366 of 5 stars
$4.68
+9.3%
$7.00
+49.6%
N/A$346.14M$18.19MN/A100
SWIM
Latham Group
4.1634 of 5 stars
$5.38
+1.9%
$7.50
+39.4%
-0.2%$619.93M$545.91M76.861,804
KRT
Karat Packaging
3.8625 of 5 stars
$29.03
+2.0%
$31.50
+8.5%
+13.7%$567.97M$467.74M18.37680
DSWL
Deswell Industries
2.8741 of 5 stars
$3.24
-1.1%
N/A+41.7%$52.11M$67.61M6.74990
NEWH
NewHydrogen
N/A$0.03
-7.4%
N/A-34.5%$19.94MN/AN/A2

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This page (NASDAQ:FWDI) was last updated on 6/15/2026 by MarketBeat.com Staff.
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