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FWDI

Forward Industries, Inc.

FWDI

NASDAQ·Consumer Cyclical·Personal Products & Services·Mkt cap $351.0M

$4.81

+2.34%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$3.48 - $46.00

P/E

Fwd P/E

Beta

0.79

Div Yield

0.00%

Avg Vol

1.1M

Shares Out

1.7M

Mkt Cap

$351.0M

Price action

Price chart

Down 32.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Established 60+ year heritage with deep manufacturing expertise
  • Diversified customer base across OEM and retail channels reducing concentration risk
  • Global distribution network across five continents
  • Design and engineering capabilities providing custom solutions and higher margins

Bear Case

1 risk

  • Low volatility (beta 0.8).

Growth

Strong growth ahead

Increasing demand for protective accessories as consumer electronics market expands

Value

Valuation data unavailable

Momentum

Strong

+9.6% over 3m

Quality

Excellent

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 10, 2026

Q2 26 RECAP

MAY 14, 2026

Reported EPS of -$2.98 vs -$0.03 consensus (-9833.3% surprise). Revenue of $13.0M vs $16.6M expected (-21.8%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-9833.3%

Next: Aug 10, 2026

Revenue trend · last 8Q

-60%

-68%

-19%

+224%

Q2 24

Q3 24

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

$7.8M

$7.9M

$7.3M

$6.6M

$3.1M

$2.5M

$6.0M

$21.4M

Margins · last 8Q

Gross

78.6%

Operating

44.9%

Profit

-2732.2%

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

Latest: Cantor Fitzgerald · Jun 30, 2026

vs Industry

How FWDI stacks vs Personal Products & Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.