FWDIConsumer Cyclical · Footwear & Accessories

FWDI Stock Forecast: Forward Industries, Inc. Price Predictions for 2026-2027

Last close, 17 Sept 2026

$6.20

+3.16% on the day

The 3 Wall Street analysts covering Forward Industries, Inc. hold a median 12-month price target of $9 — +45.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 16 of 100 as at 17 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap

$443.8M

Ticker Nerd rank

16 / 100

Median analyst target

$9.00

Analysts covering

Revenue$10.8M+332.1% y/y

Operating income−$728K

Net income−$69.0M

Free cash flow−$3.4M

Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown

Total return, dividends reinvested

−4.0%

+44.9%

YTD

−6.2%

−81.5%

From 52W high

−81.5%

From 52W low

+75.1%

$34

52-week range, adjusted closes · the dot is the last close

Ticker Nerd rank

FWDI stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Forward Industries, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 17 Sept 2026

16 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Growth

Volatility

Size

Value

Revisions

Momentum

Quality

Accruals

Issuance

Growth (75): Sales and profits are climbing, and climbing faster than before.

Issuance (3): The company has been issuing shares or taking on financing, diluting existing holders.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

FWDI stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FWDI, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says3 analysts

3 Buy0 Hold0 Sell

Low $8.50Median $9.00High $16.00

The green dot is the last close — the median target sits +45.2% from it.

Recent analyst actionsNewest first

Of the 8 most recent actions, 3 moved their price target up and 1 moved it down.

Date	Firm	Action	Rating	Target
10 Sept 2026	Cantor Fitzgerald	Maintains	Overweight	$8.00 → $16
3 Sept 2026	B. Riley Securities	Maintains	Buy	$7.00 → $9.00
13 Aug 2026	B. Riley Securities	Maintains	Buy	—
13 Aug 2026	B. Riley Securities	Maintains	Buy	$8.00 → $7.00
13 Aug 2026	Cantor Fitzgerald	Maintains	Overweight	$7.90 → $8.00
13 Aug 2026	Cantor Fitzgerald	Maintains	Overweight	—
1 July 2026	Cantor Fitzgerald	Initiates	Overweight	$7.90
1 July 2026	Cantor Fitzgerald	Initiates	Overweight	—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FWDI appears on the weeks it earns a place.

Performance

FWDI vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 17 Sept 2026, Forward Industries, Inc. returned −81.5% against +17.0% for the S&P 500, dividends included.

FWDI vs S&P 500, last 12 monthsTotal return, rebased to 100

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FWDI analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year

Analysts raising

Analysts cutting

Fundamentals

Forward Industries, Inc. (FWDI) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation

Trailing P/E: −0.3×
Price / sales: 8.8×
Price / book: 1.0×
EV / EBITDA: 54.0×

Growth & margins

Revenue growth (YoY): 332.1%
Earnings growth (YoY): 332.1%
Gross margin: 62.2%
Operating margin: −6.8%
Net margin: 28.5%

Returns & dividend

Return on equity: −461.4%
Return on assets: 2.0%
Dividend yield: —

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Forward Industries, Inc. (FWDI) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

Forward Industries, Inc. has a market value of $443.8M and an enterprise value of $549.0M.
Revenue in the twelve months to 30 June 2026: $53.1M. The latest quarter grew 332.1% year on year.
Net income over the same four quarters: −$1.1B, a −2073.8% net margin.
Free cash flow in the twelve months to 30 June 2026: −$18.4M.
Shares outstanding: 73.8M.
Trailing P/E: −0.3×; forward P/E: 78.7× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward Industries, Inc. employs 60 people — $885K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 17 Sept 2026

Data provided by Twelve Data

Peers

FWDI vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelFootwear & Accessories

Company	Market cap	TKN rank
FWDIForward Industries, Inc.	$443.8M	16
WEYSWeyco Group, Inc.	$424.8M	88
FOSLFossil Group, Inc.	$328.5M	61
RCKYRocky Brands, Inc.	$325.8M	92
DBIDesigner Brands, Inc.	$301.8M	99
WWWWolverine World Wide, Inc.	$1.6B	84
VRAVera Bradley, Inc.	$120.9M	97

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Forward Industries, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest FWDI news & analysis

Forward Industries Announces Updated Proposal to Acquire SkyAI, Inc.

GlobeNewsWire · 15 Sept 2026positive

Forward Industries announced an updated proposal to acquire SkyAI, Inc. The offer reflects a 50% premium to SkyAI's closing price on September 14, 2026, and SkyAI stockholders may elect to receive cash, Forward common stock, or any combination of the two.

Why it matters — FWDI watchers would care because the acquisition would expand Forward Industries' business into SkyAI's operations, with the terms and consideration structure directly affecting FWDI's future share value and capital position.

Forward Industries Urges Shareholders of SkyAI to Vote No at the 2026 Annual Meeting

GlobeNewsWire · 9 Sept 2026neutral

Forward Industries is urging shareholders of SkyAI to vote no at the company's 2026 annual meeting. Forward believes SkyAI shareholders deserve greater accountability from a board it says has failed to deliver value.

Why it matters — This reflects Forward Industries' public stance as an investor in SkyAI and signals its concerns about that board's performance.

These Analysts Revise Their Forecasts On Forward Industries Following Q3 Results

Benzinga · 13 Aug 2026negative

Forward Industries reported a net loss for the third quarter on Wednesday, according to the company. Following the results, analysts have revised their forecasts for the company.

Why it matters — FWDI watchers would care because analyst forecast revisions following the quarterly net loss signal shifting expectations about the company's near-term outlook.

Forward Industries, Inc. (FWDI) Q3 2026 Earnings Call Transcript

Seeking Alpha · 13 Aug 2026neutral

Seeking Alpha published the transcript of Forward Industries, Inc.'s Q3 2026 earnings call, covering the company's quarterly discussion with investors and analysts. The excerpt provided contains only the headline for the transcript document itself.

Why it matters — A FWDI watcher would care because the earnings call transcript provides the official record of management's quarterly performance commentary and outlook.

Forward Industries Reports Fiscal Third Quarter 2026 Financial and Operating Results

GlobeNewsWire · 12 Aug 2026neutral

Forward Industries reported its financial and operating results for the fiscal third quarter ended June 30, 2026, and provided an update on its SOL treasury strategy. Management will host a conference call to discuss the results.

Why it matters — This quarterly report and treasury strategy update gives FWDI watchers insight into the company's financial performance and its ongoing approach to managing its Solana holdings.

FAQ

Frequently asked questions about FWDI stock

What is the FWDI stock price forecast for 2026-2027?

The 3 Wall Street analysts covering Forward Industries, Inc. have a median 12-month price target of $9, with estimates ranging from $8.5 to $16. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FWDI stock a buy right now?

Of the 3 analysts covering Forward Industries, Inc., 3 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Forward Industries, Inc. 16 out of 100 across roughly 4,600 US stocks as at 17 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FWDI?

As at 17 Sept 2026, Forward Industries, Inc. ranks 16 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Growth (75 of 100).

Will FWDI stock go up?

No one can know that. What the data says: the median 12-month target from 3 analysts implies +45.2% from the last close, and Ticker Nerd's factor model ranks Forward Industries, Inc. 16 out of 100 as at 17 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FWDI stock forecast for 2030?

No analyst covering Forward Industries, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FWDI are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $8.5 to $16 over the next 12 months.

How has FWDI stock performed over the past year?

Forward Industries, Inc. returned -81.5% over the 12 months to 17 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Forward Industries, Inc. do?

Forward Industries Inc. is a Solana-focused digital asset treasury company that also provides hardware and software design and engineering services.

What is the latest news on FWDI?

The most recent item we track (GlobeNewsWire, 15 Sept 2026): "Forward Industries Announces Updated Proposal to Acquire SkyAI, Inc.". Forward Industries announced an updated proposal to acquire SkyAI, Inc. The offer reflects a 50% premium to SkyAI's closing price on September 14, 2026, and SkyAI stockholders may elect to receive cash, Forward common stock, or any combination of the two.

Company

About Forward Industries, Inc.

Forward Industries Inc. is a Solana-focused digital asset treasury company that also provides hardware and software design and engineering services. Its Digital Assets segment manages SOL holdings and participates in the Solana network’s staking protocol to generate blockchain-based yield, while its Design segment serves U.S. customers with product design and engineering support. The company operates at the intersection of digital assets and industrial design, combining treasury management with technical development capabilities. Forward Industries Inc. focuses on Solana-related digital assets, protocols, and ecosystem participation, positioning itself as a specialized market participant in both crypto treasury operations and design services for medical, consumer, and technology applications. Incorporated in 1961 and based in Austin, Texas, Forward Industries Inc. serves as a niche platform linking on-chain asset management with applied product development services.

CEO Mr. Michael D. Pruitt · 60 employees · United States · https://forwardindustries.com