Forward Industries (FWDI) Stock Price, News & Analysis

Company Overview

Forward Industries, Inc. (NASDAQ: FWDI) is a product design, development and manufacturing company that creates solutions for medical, industrial, consumer electronics and other specialized markets. The company is known for developing protective and carrying products, including custom cases, bags, backpacks and related accessories designed to support the transportation and use of electronic and technical equipment.

Forward Industries serves original equipment manufacturers, distributors and other business customers through customized product development and manufacturing programs. Its offerings are designed for applications such as medical devices, industrial equipment, automotive products and consumer electronics, with an emphasis on product protection, functionality and branding.

In addition to its traditional case and carrying-product operations, the company has expanded its capabilities through design and engineering services. These services support the development of connected products and other technology-based solutions, extending Forward Industries’ role from contract product supplier to a broader product-development partner. The company was founded in 1961 and is headquartered in Hauppauge, New York, with business activities serving customers in the United States and international markets.

Key Stats

• Today's Range: $7.86 to $8.34
• 50-Day Range: $3.80 to $7.70
• 52-Week Range: $3.48 to $33.00
• Volume: 1.94 million shs
• Average Volume: 1.21 million shs
• Market Capitalization: $588.12 million
• P/E Ratio: 66.37
• Dividend Yield: N/A
• Price Target: $12.50
• Consensus Rating: Hold

Forward Industries Stock Analysis - MarketRank™

Forward Industries scored higher than 62% of companies evaluated by MarketBeat, and ranked 490th out of 838 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.0 / 5
• Analyst Rating: Hold

Consensus Rating

Forward Industries has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 3 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Forward Industries has a consensus price target of $12.50, representing about 62.3% upside from its current price of $7.70.

Amount of Analyst Coverage

Forward Industries has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Forward Industries are expected to grow in the coming year, from ($0.40) to $0.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Forward Industries is 64.17, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.95.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forward Industries is 64.17, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 25.32.

Price to Book Value per Share Ratio

Forward Industries has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.96% of the float of Forward Industries has been sold short.

Short Interest Ratio / Days to Cover

Forward Industries has a short interest ratio ("days to cover") of 2.61, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forward Industries has recently increased by 2.85%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Forward Industries does not currently pay a dividend.

Dividend Growth

Forward Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Forward Industries is 351.67%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Forward Industries will have a dividend payout ratio of 145.52% in the coming year. This indicates that Forward Industries may not be able to sustain their current dividend.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.16

News Sentiment

Forward Industries has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Forward Industries this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for FWDI on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.6 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Forward Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

15.90% of the stock of Forward Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Forward Industries has minimal institutional ownership at this time.

Company Calendar

• Last Earnings: 8/12/2026
• Today: 9/21/2026
• Fiscal Year End: 9/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Financial Services
• Sub-Industry: Multi-Sector Holdings
• Current Symbol: NASDAQ:FWDI
• Previous Symbol: NYSEARCA:FWDI
• CIK: 38264
• Web: forwardindustries.com
• Phone: (631) 547-3055
• Fax: 954-360-2530
• Employees: 60
• Year Founded: 1961

Price Target and Rating

• Average Price Target for Forward Industries: $12.50
• High Price Target: $16.00
• Low Price Target: $9.00
• Potential Upside/Downside: +57.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.12
• Trailing P/E Ratio: 66.37
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$166.97 million
• Net Margins: -2,073.82%
• Pretax Margin: -2,073.64%
• Return on Equity: -18.05%
• Return on Assets: -17.03%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.17
• Quick Ratio: 0.17

Sales & Book Value

• Annual Sales: $53.12 million
• Price / Sales: 11.07
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $17.28 per share
• Price / Book: 0.46

Miscellaneous

• Outstanding Shares: 73,847,000
• Free Float: 62,105,000
• Market Cap: $588.12 million
• Optionable: N/A
• Beta: 0.88