Forward Industries (NASDAQ:FWDI) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

Forward Industries, Inc. (NASDAQ:FWDI) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.89 and traded as high as $7.00. Forward Industries shares last traded at $6.97, with a volume of 1,414,682 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. B. Riley Financial increased their target price on shares of Forward Industries from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Wall Street Zen raised shares of Forward Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forward Industries in a research note on Tuesday. Finally, Cantor Fitzgerald upped their price target on shares of Forward Industries from $8.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, September 10th. Two equities research 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.50.

Forward Industries Stock Down 4.5%

The stock’s fifty day moving average price is $6.99 and its 200 day moving average price is $5.35.

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 analysts’ consensus estimates 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%. On average, research analysts predict that Forward Industries, Inc. will post -0.38 EPS for the current year.

Institutional Trading of Forward Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd purchased a new position in Forward Industries during the 2nd quarter worth $88,000. ParaFi Capital LP purchased a new stake in shares of Forward Industries in the 2nd quarter worth $684,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Forward Industries in the 2nd quarter worth $739,000.

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.