Forward Industries (NASDAQ:FWDI) Shares Cross Above Fifty Day Moving Average – Here’s Why

Forward Industries, Inc. (NASDAQ:FWDI)’s stock price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $6.89 and traded as high as $7.00. Forward Industries shares last traded at $6.97, with a volume of 1,414,682 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FWDI. Cantor Fitzgerald increased their price target on shares of Forward Industries from $8.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Weiss Ratings upgraded shares of Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of Forward Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, B. Riley Financial upped their price objective on shares of Forward Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.50.

Forward Industries Trading Up 5.4%

The firm has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $5.35. The firm has a market cap of $514.71 million, a PE ratio of 58.08 and a beta of 0.84.

Forward Industries (NASDAQ:FWDI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.84). The firm had revenue of $10.78 million during the quarter. Equities analysts expect that Forward Industries, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Forward Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd bought a new stake in Forward Industries in the second quarter valued at $88,000. ParaFi Capital LP purchased a new position in Forward Industries during the 2nd quarter valued at $684,000. Finally, Bank of New York Mellon Corp purchased a new position in Forward Industries during the 2nd quarter valued at $739,000.

About Forward Industries

Forward Industries is a Solana (SOL) focused digital asset treasury company with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols and businesses. The company’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL. Additionally, Forward Industries engages with, provides tools to, and invests in the Solana protocol, Solana developers, and Solana-related projects to further develop the SOL ecosystem.

In September 2025, Forward Industries announced a $1.65 billion private investment in public equity offering led by Galaxy Digital, Jump Crypto, and Multicoin Capital with participation with C/M Capital Partners, LP, one of Forward Industries’ largest existing Shareholders, to initiate a Solana-focused digital asset treasury strategy and further align the company with the fast-growing Solana ecosystem.