Forward Industries (NASDAQ:FWDI) Shares Gap Up – What’s Next?

Forward Industries, Inc. (NASDAQ:FWDI)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $8.01, but opened at $8.37. Forward Industries shares last traded at $8.14, with a volume of 290,441 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. B. Riley Financial raised their price objective on Forward Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Cantor Fitzgerald raised their price objective on Forward Industries from $8.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Wall Street Zen raised Forward Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings raised Forward Industries from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.50.

Forward Industries Stock Up 0.7%

The company has a market cap of $580.09 million, a PE ratio of 65.62 and a beta of 0.88. The company 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 earnings results on Wednesday, August 12th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.84). The company had revenue of $10.78 million for the quarter. Forward Industries had a negative net margin of 2,073.82% and a negative return on equity of 18.05%. As a group, equities analysts predict that Forward Industries, Inc. will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd purchased a new position in Forward Industries in the second quarter worth $88,000. ParaFi Capital LP purchased a new position in Forward Industries in the second quarter worth $684,000. Bank of New York Mellon Corp purchased a new position in Forward Industries in the second quarter worth $739,000. Finally, Aristides Capital LLC purchased a new position in Forward Industries in the fourth quarter worth $180,000.

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.