Forward Industries (FWDI) Stock Price

Forward Industries Price

NASDAQ·CLOSED
4.28USD+0.04 (+0.94 %)
Market closed

Revenue at Forward Industries has contracted by 2.7% per year over the past 19 years to 18.19 M USD. Earnings per share have declined at 8.5% per year over the last 15 years. Forward Industries's net margin stands at -918.1%, down from 1.3% several years earlier. Analysts set a median price target of 7.14 USD, implying 66.8% above the current price. Of 7 analysts, 6 rate the stock a buy — an overall Buy consensus. The stock trades about 21% above its 52-week low.

Forward Industries stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Forward Industries over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Forward Industries stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Forward Industries's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Forward Industries Stock Price History
DateForward Industries Price
8/11/20264.28 USD
8/10/20264.24 USD
8/7/20264.33 USD
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11/10/202510.94 USD
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11/3/202513.98 USD
10/31/202514.39 USD
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10/28/202515.84 USD
10/27/202516.97 USD
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10/22/202518.27 USD
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10/20/202520.34 USD
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9/25/202528.82 USD
9/24/202532.78 USD
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8/29/202515.22 USD
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8/20/20259.89 USD
8/19/202511.00 USD
8/18/202512.50 USD
8/15/202513.55 USD
8/14/202514.66 USD
Access this data via the Eulerpool API

Forward Industries Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
39.02 M USD
695,762.00 USD
523,805.00 USD
Jan 1, 2022
42.34 M USD
588,470.00 USD
-1.38 M USD
Jan 1, 2023
36.69 M USD
240,671.00 USD
-3.74 M USD
Jan 1, 2024
30.20 M USD
-1.93 M USD
-1.95 M USD
Jan 1, 2025
18.19 M USD
-6.37 M USD
-166.97 M USD
Jan 1, 2026 (e)
48.14 M USD
-9.84 M USD
-741.05 M USD
Jan 1, 2027 (e)
53.85 M USD
-11.01 M USD
19.95 M USD
Jan 1, 2028 (e)
61.00 M USD
-12.47 M USD
23.28 M USD

Forward Industries Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 14, 2026, 4:30 AM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
30.0033.0030.0027.0024.0034.0037.0034.0039.0042.0036.0030.0018.0048.0053.0061.00
3.4510.00-9.09-10.00-11.1141.678.82-8.1114.717.69-14.29-16.67-40.00166.6710.4215.09
20.0018.1816.6718.5216.6717.6516.2217.6520.5119.0522.2220.0027.7827.7827.7827.78
6.006.005.005.004.006.006.006.008.008.008.006.005.0013.3314.7216.94
-1.00-3.00-1.00-6.00-9.00-11.00-12.00
-3.33-8.11-3.33-33.33-18.75-20.75-19.67
-1.001.00-3.00-1.00-1.00-3.00-1.00-166.00-741.0019.0023.00
-400.00-66.67200.00-66.6716,500.00346.39-102.5621.05
8.178.448.628.768.909.539.5310.0410.3410.0610.0611.0199.1099.1099.1099.10
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Forward Industries generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Forward Industries retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Forward Industries's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Forward Industries has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Forward Industries's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Forward Industries stock margins

The Forward Industries margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Forward Industries. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Forward Industries.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
20.85 %
1.78 %
1.34 %
Jan 1, 2022
19.77 %
1.39 %
-3.26 %
Jan 1, 2023
22.80 %
0.66 %
-10.18 %
Jan 1, 2024
20.56 %
-6.40 %
-6.46 %
Jan 1, 2025
28.54 %
-35.00 %
-918.07 %
Jan 1, 2026 (e)
28.54 %
-20.44 %
-1,539.43 %
Jan 1, 2027 (e)
28.54 %
-20.44 %
37.05 %
Jan 1, 2028 (e)
28.54 %
-20.44 %
38.16 %

Forward Industries Stock Revenue, EBIT, Earnings per Share

The Forward Industries earnings per share therefore indicates how much revenue Forward Industries has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
3.77 USD
0.07 USD
0.05 USD
Jan 1, 2022
4.21 USD
0.06 USD
-0.14 USD
Jan 1, 2023
3.65 USD
0.02 USD
-0.37 USD
Jan 1, 2024
2.74 USD
-0.18 USD
-0.18 USD
Jan 1, 2025
0.18 USD
-0.06 USD
-1.68 USD
Jan 1, 2026 (e)
0.58 USD
-0.10 USD
-8.91 USD
Jan 1, 2027 (e)
0.65 USD
-0.11 USD
0.24 USD
Jan 1, 2028 (e)
0.73 USD
-0.13 USD
0.28 USD

Forward Industries business model & stock analysis

Forward Industries Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Forward Industries Employees
Details
Date
Forward Industries Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Forward Industries Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Forward Industries historical P/E ratio, EBIT multiple, and P/S ratio

Forward Industries annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Forward Industries shares outstanding

The number of shares of Forward Industries was 99.1 M in 2025. This indicates how many shares Forward Industries is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
10.34 M Stocks
Jan 1, 2022
10.06 M Stocks
Jan 1, 2023
10.06 M Stocks
Jan 1, 2024
11.01 M Stocks
Jan 1, 2025
99.10 M Stocks
Jan 1, 2026 (e)
99.10 M Stocks
Jan 1, 2027 (e)
99.10 M Stocks
Jan 1, 2028 (e)
99.10 M Stocks

Forward Industries stock splits

In Forward Industries's history, there have been no stock splits.

Current Forward Industries forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
30.00 %
Buy
85.71 % (6)
Hold
14.29 % (1)
Sell
0.00 % (0)
12M Price Target
7.14
Last Price
4.40
Currency
USD
12M Return Potential
62.27 %
LTM Return
0 %

Forward Industries Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/12/20260.03USD-12.84 MUSD-2026 Q3
5/14/2026-0.03USD-11.22 MUSD-2026 Q2

Forward Industries shareholder structure

% Name
16.54798%
Samani (Pyahm)
Samani (Pyahm)
9.75236%
Galaxy Group Investments LLC
Galaxy Group Investments LLC
9.55959%
Multicoin Capital Management LLC
Multicoin Capital Management LLC
9.55959%
J Digital 6 Cayman Ltd
J Digital 6 Cayman Ltd
3.92302%
Jane Street Capital, L.L.C.
Jane Street Capital, L.L.C.
3.90926%
Alyeska Investment Group, L.P.
Alyeska Investment Group, L.P.
...

Forward Industries Beneficial Ownership Filings (SEC 13D/G)

Free Float
84.8%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
26.30%
FRANK LAGRANGE JOHNSON
FRANK LAGRANGE JOHNSON
SEC ↗
20.00%
LAGRANGE CAPITAL PARTNERS, L.P.
LAGRANGE CAPITAL PARTNERS, L.P.
SEC ↗
20.00%
LAGRANGE CAPITAL MANAGEMENT, L.L.C.
LAGRANGE CAPITAL MANAGEMENT, L.L.C.
SEC ↗
19.00%
Terence Bernard Wise
Terence Bernard Wise
SEC ↗
15.70%
Pyahm Samani
Pyahm Samani
SEC ↗
10.00%
Professional Financial Advisors, LLC
Professional Financial Advisors, LLC
SEC ↗
9.99%
Michael E. Novogratz
Michael E. Novogratz
SEC ↗
9.99%
Galaxy Group Investments LLC
Galaxy Group Investments LLC
SEC ↗
9.99%
Galaxy Digital LP
Galaxy Digital LP
SEC ↗
9.99%
Galaxy Digital GP LLC
Galaxy Digital GP LLC
SEC ↗

Forward Industries Executives and Management Board

8 members · avg. age 51 · 25 % women

RW

Mr. Robert Wild (54)

Chief Executive Officer of Intelligent Product Solutions Inc · since 2025

315,205.00 USD

Management

KW

Ms. Kathleen Weisberg (54)

Chief Financial Officer

257,995.00 USD
MP

Mr. Michael Pruitt (65)

Interim Chief Executive Officer, Director · since 2025

FS

Mr. Fred Sklenar (61)

Chief Executive Officer and President of Kablooe Inc

RN

Mr. Ryan Navi (35)

Chief Investment Officer

GQ

Ms. Georgia Quinn

General Counsel

Board of Directors

PS

Mr. Pyahm Samani (35)

Chairman of the Board · since 2025

KJ

Mr. Keith Johnson

Independent Director

Frequently asked questions about Forward Industries

Analysts currently set an average price target of 7.14 USD for the Forward Industries stock (median: 7.14 USD), implying +62.3 % versus the latest price. The consensus is based on 7 analyst ratings.

7 analysts currently rate the Forward Industries stock: 6 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Forward Industries to generate revenue of 48.14 M USD and earnings per share of -7.48 USD.

Converted at the current exchange rate, the Forward Industries share trades at 3.71 EUR (4.28 USD).

The Forward Industries share (FWDI) is listed on 1 stock exchanges, including: NASDAQ (FORD).

No history available for Forward Industries.

The expected revenue of Forward Industries is 48.14 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Forward Industries is -741.05 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Forward Industries is currently -0.57. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Forward Industries stock.

The price-to-sales ratio (P/S) of Forward Industries is currently 8.81. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Forward Industries stock.

The Eulerpool Quality Score for Forward Industries is 0/10.

The ISIN of Forward Industries is US3499321038. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Forward Industries is 907655. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Forward Industries is FWDI. The ticker symbol is used to trade Forward Industries shares on the stock exchange.

Forward Industries paid dividends every year for the past 0 years.

Forward Industries is assigned to the 'Cyclical consumption' sector.

The dividends of Forward Industries are distributed in USD.