ParaFi Capital LP Makes New Investment in Forward Industries, Inc. $FWDI

ParaFi Capital LP bought a new stake in Forward Industries, Inc. (NASDAQ:FWDI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 162,164 shares of the company’s stock, valued at approximately $684,000. Forward Industries accounts for approximately 0.2% of ParaFi Capital LP’s portfolio, making the stock its 18th biggest holding. ParaFi Capital LP owned 0.22% of Forward Industries as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in shares of Forward Industries during the 2nd quarter worth $739,000. Wolverine Asset Management LLC acquired a new stake in shares of Forward Industries in the fourth quarter valued at about $909,000. Finally, Aristides Capital LLC acquired a new stake in shares of Forward Industries in the fourth quarter valued at about $180,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Cantor Fitzgerald upped their target price on shares of Forward Industries from $8.00 to $16.00 and gave the stock 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. B. Riley Financial boosted their price target on Forward Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Finally, Wall Street Zen upgraded Forward Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Forward Industries presently has a consensus rating of “Hold” and an average target price of $13.50.

Forward Industries Price Performance

Shares of FWDI traded up $0.12 during trading hours on Thursday, hitting $7.92. 1,223,704 shares of the stock were exchanged, compared to its average volume of 1,245,608. The firm has a market capitalization of $584.60 million, a P/E ratio of 66.27 and a beta of 0.88. Forward Industries, Inc. has a fifty-two week low of $3.48 and a fifty-two week high of $28.25. The business has a 50-day moving average of $5.75 and a 200-day moving average of $4.93.

Forward Industries (NASDAQ:FWDI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $10.78 million during the quarter. As a group, analysts forecast that Forward Industries, Inc. will post -0.38 earnings per share for the current fiscal year.

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.