Forward Industries (NASDAQ:FWDI) Shares Break Below Two Hundred Day Moving Average – Should You Sell?

Shares of Forward Industries, Inc. (NASDAQ:FWDI) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $5.26 and traded as low as $5.01. Forward Industries shares last traded at $5.24, with a volume of 1,764,710 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Forward Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. B. Riley Financial increased their price target on Forward Industries from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald raised their price objective on Forward Industries from $8.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Forward Industries in a report on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Forward Industries presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Forward Industries Trading Down 5.2%

The firm’s fifty day moving average price is $6.99 and its 200 day moving average price is $5.26. The stock has a market capitalization of $386.97 million, a price-to-earnings ratio of 43.67 and a beta of 0.92.

Forward Industries (NASDAQ:FWDI) last posted 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). Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. The company had revenue of $10.78 million for the quarter. On average, analysts forecast that Forward Industries, Inc. will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Forward Industries

Several hedge funds have recently bought and sold shares of FWDI. Bank of New York Mellon Corp purchased a new stake in Forward Industries during the second quarter worth about $739,000. ParaFi Capital LP acquired a new stake in shares of Forward Industries during the second quarter worth about $684,000. Voya Investment Management LLC lifted its position in shares of Forward Industries by 901.7% during the third quarter. Voya Investment Management LLC now owns 118,778 shares of the company’s stock worth $926,000 after purchasing an additional 106,920 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in shares of Forward Industries in the third quarter valued at approximately $289,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Forward Industries in the second quarter valued at approximately $88,000.

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.