Forward Industries (NASDAQ:FWDI) Stock Price Target Raised at B. Riley Financial

Forward Industries (NASDAQ:FWDI) had its price target lifted by stock analysts at B. Riley Financial from $9.00 to $11.00 in a research report issued on Tuesday, September 22nd, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s target price indicates a potential upside of 38.63% from the stock’s current price.

Other research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of 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 research note on Saturday, September 12th. Finally, Cantor Fitzgerald lifted their price target on Forward Industries from $8.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.50.

Forward Industries Trading Up 1.7%

Forward Industries stock traded up $0.14 during mid-day trading on Tuesday, hitting $7.94. 1,223,704 shares of the company’s stock were exchanged, compared to its average volume of 1,245,608. Forward Industries has a 1-year low of $3.48 and a 1-year high of $28.25. The stock has a 50 day moving average of $5.75 and a two-hundred day moving average of $4.93. The stock has a market cap of $586.00 million, a P/E ratio of 66.27 and a beta of 0.88.

Forward Industries (NASDAQ:FWDI) last announced its quarterly earnings results 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 during the quarter. Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. As a group, research analysts predict that Forward Industries will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Forward Industries

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

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.