Forward Industries (NASDAQ:FWDI) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Forward Industries (NASDAQ:FWDI) had its price target hoisted by equities research analysts at B. Riley Financial from $7.00 to $9.00 in a note issued to investors on Thursday, September 3rd, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial’s price target suggests a potential upside of 13.42% from the stock’s previous close.

FWDI has been the subject of several other reports. Weiss Ratings upgraded shares of Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. Cantor Fitzgerald lifted their price objective on Forward Industries from $7.90 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered Forward Industries from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.50.

Forward Industries Stock Performance

Shares of NASDAQ FWDI traded up $0.14 during mid-day trading on Thursday, reaching $7.94. 1,223,704 shares of the company traded hands, compared to its average volume of 1,245,608. The company’s fifty day moving average is $5.75 and its two-hundred day moving average is $4.93. Forward Industries has a fifty-two week low of $3.48 and a fifty-two week high of $28.25. The stock has a market cap of $586.00 million, a PE ratio of 66.27 and a beta of 0.88.

Forward Industries (NASDAQ:FWDI) last announced its earnings results on Wednesday, August 12th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.84). Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%.The company had revenue of $10.78 million for the quarter. Research analysts forecast that Forward Industries will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Forward Industries

Several hedge funds and other institutional investors have recently made changes to their positions in FWDI. WINTON GROUP Ltd acquired a new position in Forward Industries during the second quarter worth $88,000. ParaFi Capital LP acquired a new stake in Forward Industries in the second quarter valued at $684,000. Bank of New York Mellon Corp bought a new position in shares of Forward Industries in the 2nd quarter valued at about $739,000. Aristides Capital LLC acquired a new position in shares of Forward Industries during the 4th quarter worth about $180,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Forward Industries during the 4th quarter worth about $909,000.

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.