Forward Industries (NASDAQ:FWDI) Stock Price Down 11% – Should You Sell?

Forward Industries, Inc. (NASDAQ:FWDI) dropped 11% on Wednesday. The stock traded as low as $7.17 and last traded at $7.2440. 628,349 shares traded hands during trading, a decline of 50% from the average session volume of 1,264,240 shares. The stock had previously closed at $8.14.

Wall Street Analyst Weigh In

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

Forward Industries Stock Down 2.8%

The firm has a market cap of $530.24 million, a price-to-earnings ratio of 59.83 and a beta of 0.84. The business’s fifty day moving average is $6.21 and its two-hundred day moving average is $5.05.

Forward Industries (NASDAQ:FWDI) last posted its quarterly earnings data 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 firm had revenue of $10.78 million for the quarter. Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. Research analysts forecast that Forward Industries, Inc. will post -0.38 EPS for the current year.

Institutional Trading of Forward Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FWDI. Bank of New York Mellon Corp acquired a new position in Forward Industries in the second quarter valued at approximately $739,000. ParaFi Capital LP acquired a new stake in Forward Industries during the 2nd quarter worth $684,000. WINTON GROUP Ltd bought a new stake in shares of Forward Industries during the 2nd quarter valued at $88,000. Finally, Aristides Capital LLC bought a new stake in shares of Forward Industries during the 4th quarter valued at $180,000.

Forward Industries Company Profile

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.