FWDI

Forward Industries, Inc.
NASDAQCONSUMER CYCLICALFOOTWEAR & ACCESSORIES

Key Statistics

Market Cap
$309.39M
P/E Ratio
EPS
$-31.38
Beta
0.80
52W High
$46.00
52W Low
$3.48
50-Day MA
$4.43
200-Day MA
$8.65
Dividend Yield
Profit Margin
0.00%
Forward P/E
44.44
PEG Ratio
2.53

About Forward Industries, Inc.

Forward Industries, Inc., designs, manufactures, sources, markets, and distributes carry and protective solutions. The company is headquartered in Hauppauge, New York.

Official WebsiteUSAFY End: September

Fundamentals

Revenue (TTM)$44.84M
Gross Profit (TTM)$30.16M
EBITDA$8.40M
Operating Margin18.80%
Return on Equity-373.00%
Return on Assets1.65%
Revenue/Share (TTM)$0.82
Book Value$7.23
Price-to-Book0.64
Price-to-Sales (TTM)6.90
EV/Revenue8.69
EV/EBITDA20.80
Quarterly Earnings Growth (YoY)0.00%
Quarterly Revenue Growth (YoY)315.00%
Shares Outstanding$73.75M
Float$70.69M
% Insiders30.80%
% Institutions35.37%

Historical Volatility

HV 10-Day
129.67%
HV 20-Day
111.18%
HV 30-Day
104.00%
HV 60-Day
92.99%
HV Rank

Volatility is currently expanding

Analyst Ratings

Consensus ($8.13 target)
2
Buy

Latest News

Forward Industries Expands Solana Treasury by Over 500k SOL in Fiscal Q3 2026; Now Holds Over 7.5M SOL

The Company increased SOL-per-fully diluted share by 36% annualized to 0.0729 vs. 0.0669 prior quarter  AUSTIN, TX, July 01, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward Industries”), the leading Solana treasury company, today announced that it acquired over 500,000 SOL during fiscal Q3 of 2026 at an average purchase price of approximately $79 per SOL, increasing its total Solana treasury to 7.55M SOL as of June 30, 2026.

GlobeNewsWire7/1/2026Neutral
OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREE

FORM 8.1(a) & (b) (Opening Position Disclosure) IRISH TAKEOVER PANEL AUSTIN, TX, June 24, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) 1.    KEY INFORMATION (a)   Full name of discloser: Forward Industries, Inc. (b)   Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient.

GlobeNewsWire6/24/2026Neutral
UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-stock business combination. On June 12th, HSDT responded that its board voted to decline Forward's offer and chose to not engage in further discussion. We are disappointed and surprised that the HSDT board has chosen to reject Forward's offer without any discussion or communication. We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.

GlobeNewsWire6/16/2026Neutral
UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of SkyAI, Inc. regarding an all-stock business combination under which SKYA stockholders would receive 0.367 newly-issued shares of Forward common stock for each share of SKYA common stock, representing a premium of approximately 20% to SKYA's closing share price of $1.29 on the day immediately preceding the date of our proposal, or $1.55 per share. SKYA did not respond to the proposal by its expiration at the close of business on Friday, June 12, 2026. We are disappointed and surprised by the lack of response from the SKYA team and strongly believe that engaging in discussions with Forward is in the best interest of both SKYA and its shareholders.

GlobeNewsWire6/16/2026Neutral
Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT)

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of Solana Company regarding an all-stock business combination. On June 12th, HSDT responded that its board voted to decline Forward's offer and chose to not engage in further discussion. We are disappointed and surprised that the HSDT board has chosen to reject Forward's offer without any discussion or communication. We believe that opening up a dialogue is in the best interest of both companies and their respective shareholders.

GlobeNewsWire6/15/2026Neutral
Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA)

AUSTIN, TX, June 15, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) today confirms that it made a non-binding proposal to the Board of Directors of SkyAI, Inc. regarding an all-stock business combination under which SKYA stockholders would receive 0.367 newly-issued shares of Forward common stock for each share of SKYA common stock, representing a premium of approximately 20% to SKYA's closing share price of $1.29 on the day immediately preceding the date of our proposal, or $1.55 per share. SKYA did not respond to the proposal by its expiration at the close of business on Friday, June 12, 2026.

GlobeNewsWire6/15/2026Neutral
Forward Industries Set to Join the Russell 2000® and 3000® Indexes

AUSTIN, TX, May 26, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”), the leading Solana treasury company, today announced that it is set to join the small-cap Russell 2000® Index and broad-market Russell 3000® Index after the Russell indexes' semi-annual reconstitution, effective after the US market opens on June 29, 2026, according to a preliminary list of additions posted on May 22, 2026.

GlobeNewsWire5/26/2026Neutral
Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results

Management to Host Conference Call Today at 5:00 p.m. Eastern Time AUSTIN, TX, May 14, 2026 (GLOBE NEWSWIRE) -- Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana treasury company, today announced its financial and operating results for the fiscal second quarter ended March 31, 2026, along with an update on its SOL treasury strategy.

GlobeNewsWire5/14/2026Neutral

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Data last updated: 7/9/2026