Forward Industries (NASDAQ:FWDI) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Forward Industries, Inc. (NASDAQ:FWDI) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald lifted their price objective on shares of Forward Industries from $8.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Forward Industries in a research report on Tuesday, October 27th. Wall Street Zen upgraded shares of Forward Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Finally, B. Riley Financial boosted 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. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.50.

Forward Industries Price Performance

The stock has a market capitalization of $375.14 million, a price-to-earnings ratio of 42.33 and a beta of 0.92. The firm has a 50 day simple moving average of $6.95 and a 200-day simple moving average of $5.24.

Forward Industries (NASDAQ:FWDI) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.84). The business had revenue of $10.78 million for the quarter. Forward Industries had a negative return on equity of 18.05% and a negative net margin of 2,073.82%. On average, sell-side 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

A number of hedge funds have recently modified their holdings of the business. Voya Investment Management LLC increased its holdings in Forward Industries by 901.7% in 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. Bank of New York Mellon Corp purchased a new position in shares of Forward Industries in the 2nd quarter worth approximately $739,000. ParaFi Capital LP purchased a new position in shares of Forward Industries in the 2nd quarter worth about $684,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of Forward Industries in the 3rd quarter worth approximately $289,000. Finally, StoneX Group Inc. bought a new stake in shares of Forward Industries in the third quarter valued at approximately $134,000.

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.