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

Last close, 8 Oct 2026
$7.18
−2.84% on the day

The 3 Wall Street analysts covering Forward Industries, Inc. hold a median 12-month price target of $11 — +53.2% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 18 of 100 as at 7 Oct 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
$621.0M
Ticker Nerd rank
18 / 100
Median analyst target
$11
Analysts covering
3
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
1W
−8.3%
1M
+4.7%
YTD
+8.6%
1Y
−70.8%
From 52W high
−70.9%
From 52W low
+102.8%
$4
$25
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 7 Oct 2026
18 / 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
74
Volatility
67
Size
52
Value
45
Revisions
37
Momentum
30
Quality
27
Accruals
9
Issuance
3

Growth (74): 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
$5$10$15$20$25Jan 26Apr 26Jul 26Oct 26FWDIHigh $16Median $11Low $9

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 $9Median $11High $16

The green dot is the last close — the median target sits +53.2% from it.

Recent analyst actionsNewest first

Of the 11 most recent actions, 4 moved their price target up and 1 moved it down.

DateFirmActionRatingTarget
22 Sept 2026B. Riley SecuritiesMaintainsBuy$9.00 → $11
10 Sept 2026Cantor FitzgeraldMaintainsOverweight$8.00 → $16
10 Sept 2026Cantor FitzgeraldMaintainsOverweight—
3 Sept 2026B. Riley SecuritiesMaintainsBuy$7.00 → $9.00
3 Sept 2026B. Riley SecuritiesMaintainsBuy—
13 Aug 2026B. Riley SecuritiesMaintainsBuy$8.00 → $7.00
13 Aug 2026B. Riley SecuritiesMaintainsBuy—
13 Aug 2026Cantor FitzgeraldMaintainsOverweight—
13 Aug 2026Cantor FitzgeraldMaintainsOverweight$7.90 → $8.00
1 July 2026Cantor FitzgeraldInitiatesOverweight—
1 July 2026Cantor FitzgeraldInitiatesOverweight$7.90

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.

Free, every Monday. Unsubscribe any time.

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 8 Oct 2026, Forward Industries, Inc. returned −70.8% against +16.2% for the S&P 500, dividends included.

FWDI vs S&P 500, last 12 monthsTotal return, rebased to 100
020406080100120Jan 26Apr 26Jul 26Oct 26FWDIS&P 500

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
0
Analysts cutting
0
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×

Cheaper than 79% of US stocks

Price / sales
10.9×

Cheaper than 13% of US stocks

Price / book
1.2×

Cheaper than 66% of US stocks

EV / EBITDA
69.4×

Cheaper than 3% of US stocks

Growth & margins
Revenue growth (YoY)
332.1%

Higher than 97% of US stocks

Earnings growth (YoY)
332.1%

Higher than 93% of US stocks

Gross margin
62.2%

Higher than 75% of US stocks

Operating margin
−6.8%

Higher than 26% of US stocks

Net margin
28.5%

Higher than 88% of US stocks

Returns & dividend
Return on equity
−461.4%

Higher than 3% of US stocks

Return on assets
2.0%

Higher than 59% of US stocks

Dividend yield
0.0%

Higher than 1% of US dividend payers

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 $621.0M and an enterprise value of $706.3M.

  • 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: 29.2× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 0.00%, paying out 0% of 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 8 Oct 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
CompanyMarket capTKN rank
FWDIForward Industries, Inc.$621.0M
18
WEYSWeyco Group, Inc.$491.9M
88
FOSLFossil Group, Inc.$413.2M
62
RCKYRocky Brands, Inc.$346.3M
93
DBIDesigner Brands, Inc.$292.4M
98
WWWWolverine World Wide, Inc.$1.5B
87
VRAVera Bradley, Inc.$141.6M
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 Grows SOL Holdings by 949K to 8.5 Million SOL in Fiscal Fourth Quarter, Increasing SOL per Share to 0.0806

GlobeNewsWire · 1 Oct 2026neutral

Forward Industries announced that for its fiscal fourth quarter ended September 30, 2026, it grew its SOL holdings by 949,000 to 8.5 million SOL, raising SOL per share to 0.0806, an annualized 42% increase in SOL per share. The company provided the update on its Solana treasury strategy.

Why it matters — The announcement details a significant expansion of Forward Industries' Solana treasury holdings and per-share SOL metrics, which are central to the company's stated identity as a leading Solana treasury company.

Forward Industries Completes $25 Million Registered Direct Offering with an Institutional Investor

GlobeNewsWire · 24 Sept 2026positive

Forward Industries, Inc. announced the closing of a $25 million registered direct offering with an institutional investor. Proceeds are intended to expand its SOL Holdings and accelerate growth in SOL Per Share.

Why it matters — The offering provides Forward Industries with new capital to grow its Solana treasury holdings, which is central to the company's strategy.

Forward Industries shares fall after $25 million share offering

Proactive Investors · 23 Sept 2026negative

Forward Industries announced a $25 million registered direct offering of 3.125 million common shares at $8 per share to an institutional investor. Following the announcement, shares fell more than 4% to $8.21 in mid-morning trading on Wednesday.

Why it matters — The dilutive share offering directly affects Forward Industries' share count and drove the stock lower, making it relevant to existing FWDI holders.

UPDATE: Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor

GlobeNewsWire · 23 Sept 2026neutral

Forward Industries announced a securities purchase agreement with an institutional investor for a registered direct offering of 3,125,000 common shares at $8.00 per share, raising approximately $25 million. The company intends to use the proceeds to fund an acquisition.

Why it matters — FWDI watchers would care because the offering provides capital that is earmarked for a potential acquisition, which could signal a strategic expansion for the company.

Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor

GlobeNewsWire · 23 Sept 2026neutral

Forward Industries, Inc. announced it has entered into a securities purchase agreement with an institutional investor for a registered direct offering of 3,125,000 shares of common stock at $8.00 per share, raising approximately $25 million. The company intends to use the proceeds to acquire SOL.

Why it matters — This capital raise will provide funding for Forward's planned acquisition of Solana, indicating a shift in the company's treasury strategy that FWDI watchers would want to follow.

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 $11, 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. 18 out of 100 across roughly 4,600 US stocks as at 7 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FWDI?

As at 7 Oct 2026, Forward Industries, Inc. ranks 18 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 (74 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 +53.2% from the last close, and Ticker Nerd's factor model ranks Forward Industries, Inc. 18 out of 100 as at 7 Oct 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 -70.8% over the 12 months to 8 Oct 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, 1 Oct 2026): "Forward Industries Grows SOL Holdings by 949K to 8.5 Million SOL in Fiscal Fourth Quarter, Increasing SOL per Share to 0.0806". Forward Industries announced that for its fiscal fourth quarter ended September 30, 2026, it grew its SOL holdings by 949,000 to 8.5 million SOL, raising SOL per share to 0.0806, an annualized 42% increase in SOL per share. The company provided the update on its Solana treasury strategy.

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