Forward Industries Inc (FWDI)

Forward Industries, Inc. is a NASDAQ-listed common stock company that, through its subsidiaries, provides hardware and software product design and engineering services. The company operates in two segments, Design and Digital Assets, and focuses on the development of consumer and industrial electronics products. Its work spans a range of applications, including medical products, smart displays, beverage vending, enterprise and mobile software, lighting, security and detection systems, cameras, wearables, and vehicle controls. Forward Industries also delivers electrical, mechanical, software, and optical engineering support, along with industrial design, user experience and user interface development, program management, IoT system architecture, and IT support services. Incorporated in 1961, the company is based in Hauppauge, New York.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-FWDI
$5.68
-26.2% Downside
Overvalued
$11.17
45.0% Upside
Undervalued
Fair
0.0%
December 17, 2026
1.0x
8.6x
568.6 M
563.1 M
20.6%
94.0%
-0.5
1.7%
Valuation • Fair Value

Forward Industries Inc (NASDAQ-FWDI) Fair Value by Valuation Model

Review the available estimates for Forward Industries Inc (NASDAQ-FWDI), including DCF Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$5.68

Estimated downside of 26.2% versus the current market price.

Fair Value Confidence

Low

Confidence level for the primary fair value estimate.

DCF Fair Value

$5.87

Discounted cash flow valuation reference.

Comps Fair Value

$5.49

Comparable-company valuation reference.

Analyst Price Target

$11.17

Analysts imply upside of 45.0%.

How to read these valuation models

Use the 5 available valuation references for Forward Industries Inc (NASDAQ-FWDI) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for Forward Industries Inc (NASDAQ-FWDI)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

53.121 M

Current operating scale indicator.

Revenue Forecast

56.617 M

Forward revenue estimate.

EBITDA

10.171 M

Current operating profitability reference.

EBITDA Forecast

17.911 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review Forward Industries Inc (NASDAQ-FWDI) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for Forward Industries Inc (NASDAQ-FWDI)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

2

Weak quality score that deserves closer review.

Beneish M-Score

-8.49

No elevated caution signal from this screen.

Altman Z-Score

-0.5

Lower score that deserves closer risk review.

FCF / Net Income

1.7%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for Forward Industries Inc (NASDAQ-FWDI). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for Forward Industries Inc (NASDAQ-FWDI)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

December 17, 2026

Days to Earnings

90

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for Forward Industries Inc (NASDAQ-FWDI), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

Forward Industries Inc (NASDAQ-FWDI) Stock Forecast & Technical Outlook

Review Forward Industries Inc (NASDAQ-FWDI) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for Forward Industries Inc (NASDAQ-FWDI) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Buy

The 1-hour technical read for Forward Industries Inc (NASDAQ-FWDI) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Buy

The daily technical read for Forward Industries Inc (NASDAQ-FWDI) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Buy

The weekly technical read for Forward Industries Inc (NASDAQ-FWDI) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Sell

The monthly technical read for Forward Industries Inc (NASDAQ-FWDI) is currently Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for Forward Industries Inc (NASDAQ-FWDI)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, Forward Industries Inc (NASDAQ-FWDI) has a Strong Buy consensus, with 3 buy, 0 hold and 0 sell recommendations in the current data set.

Buy 3
Hold 0
Sell 0
FAQ Fast Investor Answers

Forward Industries Inc (NASDAQ-FWDI) Stock FAQ

Data-supported answers about Forward Industries Inc (NASDAQ-FWDI), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$5.68
Estimated downside 26.2%
Valuation Rating
Overvalued
Estimated downside of 26.2%
Analyst Target
$11.17
Implied upside 45.0%
Financial Health
Fair
Current financial-health read

The current fair value estimate for Forward Industries Inc (NASDAQ-FWDI) is $5.68. This implies an estimated downside of 26.2% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 26.2% versus the current market price.

The available analyst price target for Forward Industries Inc (NASDAQ-FWDI) is $11.17. The analyst target implies estimated upside of 45.0%.

The current financial health read for Forward Industries Inc (NASDAQ-FWDI) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for Forward Industries Inc (NASDAQ-FWDI) is December 17, 2026.

The latest available data indicates no current dividend yield for Forward Industries Inc (NASDAQ-FWDI).

The current market capitalization listed for Forward Industries Inc is 568.6 M.

The current enterprise value listed for Forward Industries Inc is 563.1 M. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for Forward Industries Inc is NASDAQ-FWDI, and the stock is listed on NASDAQ.

Forward Industries Inc (NASDAQ-FWDI) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for Forward Industries Inc is 20.6%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for Forward Industries Inc is 94.0%. Free float helps investors understand how much of the share base is available for public trading.