FWDI

Forward Industries Inc

7.06

Oct 20 • 12:40 PM ET +0.25 (3.63%)

Financial Capital Markets USA Small NASD

Peers: STKE SBET HSDT DFDV ABTC BTCS NAKA BTBT UPXI SLMT

| Held by: VTI IWM VXF IWN VTWO DWAS IWC VTWV AVSC RSSL

Index	RUT
Market Cap	538.36M
Enterprise Value	643.59M
Income	-1.10B
Sales	53.12M
Book/sh	6.42
Cash/sh	0.17
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	Dec 27, 2018
Dividend Gr. 3/5Y	- -
Payout	-
Employees	60
IPO	Nov 03, 1982

P/E	-
Forward P/E	33.08
PEG	-
P/S	10.13
P/B	1.10
P/C	40.54
P/FCF	-
EV/EBITDA	63.28
EV/Sales	12.12
Quick Ratio	0.17
Current Ratio	0.17
Debt/Eq	0.25
LT Debt/Eq	0.00
Option/Short	Yes / Yes

EPS (ttm)	-11.59
EPS next Y	0.21
EPS next Q	0.03
EPS this Y	59.50%
EPS next Y	102.14%
EPS next 5Y	-
EPS past 3/5Y	-161.84% -67.73%
Sales past 3/5Y	-21.92% -12.01%
EPS Y/Y TTM	-249.29%
Sales Y/Y TTM	171.59%
EPS Q/Q	-2.96%
Sales Q/Q	332.09%
Earnings	Aug 12 AMC
EPS/Sales Surpr.	-2502.40% -14.34%

Insider Own	24.05%
Insider Trans	0.00%
Inst Own	42.72%
Inst Trans	2.08%
ROA	-360.71%
ROE	-461.37%
ROIC	-232.04%
Gross Margin	70.46%
Oper. Margin	18.86%
Profit Margin	-2073.88%
SMA20	-7.11%
SMA50	6.56%
SMA200	32.20%
Trades

Shs Outstand	73.85M
Shs Float	57.94M
Short Float	7.93%
Short Ratio	2.54
Short Interest	4.60M
52W High	22.97 -69.28%
52W Low	3.48 102.78%
Volatility	6.98% 6.77%
ATR (14)	0.54
RSI (14)	48.65
Beta	0.91
Rel Volume	0.75
Avg Volume	1.81M
Volume	699,686

Perf Week	-1.85%
Perf Month	-13.62%
Perf Quarter	62.98%
Perf Half Y	50.79%
Perf YTD	6.76%
Perf Year	-65.31%
Perf 3Y	-3.32%
Perf 5Y	-67.78%
Perf 10Y	-39.06%
Recom	1.00
Target Price	11.83
Prev Close	6.81
Price	7.06
Change %	3.63%

Date	Action	Analyst	Rating Change	Price Target Change
Jul-01-26	Initiated	Cantor Fitzgerald	Overweight	$7.90
Apr-23-26	Initiated	B. Riley Securities	Buy	$7

Oct-14-26 03:53PM	SkyAI Under Pressure Over Solana Sales as Treasury Plunges 70% in a Month (CryptoProwl) -5.56%
Oct-12-26 10:58AM	SkyAI Plans $201 Million Cash Tender Offer at $3 Per Share, Rejects Forward Industries Bid (InvestorsHub)
Oct-01-26 07:40PM	Forward Industries SOL Stash Hits 8.5 Million After 949K Q4 Increase (CryptoProwl)
04:28PM	Forward Industries Grows SOL Holdings by 949K to 8.5 Million SOL in Fiscal Fourth Quarter, Increasing SOL per Share to 0.0806 (GlobeNewswire)
Sep-24-26 04:00PM	Forward Industries Completes $25 Million Registered Direct Offering with an Institutional Investor (GlobeNewswire)
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Sep-23-26 11:32AM	Forward Industries shares fall after $25 million share offering (Proactive) -6.28%
08:50AM	UPDATE: Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor (GlobeNewswire)
08:00AM	Forward Industries Announces $25 Million Registered Direct Offering with Institutional Investor (GlobeNewswire)
07:00AM	MARKETS LIVE: Wall Street dips as oil steadies (Proactive)
Sep-22-26 12:57PM	Trump-Xi Meeting, SEC Tokenization Rule Seen As Near-Term Catalysts for Crypto Stocks, B. Riley Says (Stocktwits) +5.26%
Sep-21-26 04:00PM	Forward Industries' SOL Holdings Rise to Approximately 8.16 Million SOL (GlobeNewswire) +6.10%
Sep-15-26 12:31PM	Forward Industries Sweetens SkyAI Takeover Offer to 50% Premium (CryptoProwl) -12.52%
09:30AM	Forward Industries Announces Updated Proposal to Acquire SkyAI, Inc. (GlobeNewswire)
Sep-14-26 01:03PM	DeFi Development Expands Solana Treasury to 2.39M SOL (CryptoProwl) +6.11%
Sep-10-26 11:38AM	XYZ Stock Upgraded To Buy, Cantor Raises Targets On Crypto Plays, Sees Bear-Market Bottom (Stocktwits)
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Sep-09-26 12:22PM	Forward Industries Urges Shareholders of SkyAI to Vote No at the 2026 Annual Meeting (GlobeNewswire)
Aug-20-26 01:26PM	SOL Strategies Evolving Into Broader Blockchain Platform Quarterly Update Report (Exec Edge)
Aug-14-26 10:51AM	Solana Price Forecast: Exhaustion Candles Anticipate 10% Drop for SOL (FX Empire)
05:24AM	Bit Digital Stock Rises Despite $107.2 Million Q2 Loss (BeInCrypto)
Aug-13-26 08:30AM	Forward Industries, Inc. Q3 2026 Earnings Call Summary (Moby) -5.91%
01:00AM	Forward Industries Inc (FWDI) (Q3 2026) Earnings Call Highlights: Strategic SOL Accumulation ... (GuruFocus.com)
12:42AM	Solana Writedowns Push Forward Industries to $69 Million Q3 Loss (BeInCrypto)
Aug-12-26 04:05PM	Forward Industries Reports Fiscal Third Quarter 2026 Financial and Operating Results (GlobeNewswire)
Aug-09-26 07:14AM	3 Crypto Earnings to Watch This Week After Q1 Losses (BeInCrypto)
Jul-29-26 12:00PM	Forward Industries Schedules Fiscal Third Quarter 2026 Conference Call for August 12, 2026 at 5:00 p.m. ET (GlobeNewswire) -5.00%
Jul-28-26 06:07AM	Former Multicoin Co-Founder Says Firm Is 'Working Against' Solana Builders Over Hyperliquid Backing (Stocktwits)
Jul-21-26 12:00AM	Statement of no intention to make an offer for Brera Holdings plc (the "Company") (GlobeNewswire)
Jul-15-26 04:05PM	Forward Industries Announces Appointment of Michael Ashe to Board of Directors (GlobeNewswire) -5.51%
Jul-02-26 01:58AM	Forward Industries Shares Rise 11% as Solana Bet Grows to 7.5 Million (BeInCrypto)
Jul-01-26 11:09AM	Forward Industries Shares Spike as Leading Solana Treasury Adds $38 Million in SOL (decrypt) +11.37%
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09:16AM	Forward Industries Expands Solana Treasury by Over 500k SOL in Fiscal Q3 2026; Now Holds Over 7.5M SOL (GlobeNewswire)
12:30AM	Forward Industries, Inc ("Forward") - Rule 2.12 Announcement (GlobeNewswire)
Jun-27-26 03:44PM	Hyperliquid Criticized Over Permissionless Claims After MAS Alert (BeInCrypto)
Jun-24-26 12:13PM	OPENING POSITION DISCLOSURE UNDER RULE 8.1(a) AND (b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2022 BY AN OFFEROR OR AN OFFEREE (GlobeNewswire) -11.04%
Jun-15-26 09:21PM	UPDATED: Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT) (GlobeNewswire) +12.62%
09:19PM	UPDATED: Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA) (GlobeNewswire)
09:05AM	Forward Industries Announces Letter of Intent to Acquire Solana Company (HSDT) (GlobeNewswire)
09:00AM	Forward Industries Announces Letter of Intent to Acquire SkyAI, Inc. (SKYA) (GlobeNewswire)
Jun-09-26 04:30PM	Announcing Forward's Letter of Intent to Brera Holdings PLC (SLMT) (GlobeNewswire)
Jun-02-26 03:34PM	Arthur Hayes Bets $100K That HYPE Will Outperform Solana by Year-End (CryptoProwl)
May-26-26 08:00AM	Forward Industries Set to Join the Russell 2000 and 3000 Indexes (GlobeNewswire)
May-20-26 12:08PM	SOL Strategies: Darklake & Houdini Add Middleware Monetization, Staking Scale Nears 768k SOL Quarterly Update Report (Exec Edge) +9.09%
May-15-26 08:30AM	Forward Industries, Inc. Q2 2026 Earnings Call Summary (Moby) -11.64%
May-14-26 04:40PM	Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results (GlobeNewswire) +9.27%
May-05-26 08:30AM	Forward Industries and RockawayX Co-Lead Strategic Investment in OnRe to Accelerate Onchain Reinsurance on Solana (GlobeNewswire) +5.79%
May-04-26 09:08AM	Forward Industries Schedules Fiscal Second Quarter 2026 Conference Call for May 14, 2026 at 5:00 p.m. ET (GlobeNewswire)
Apr-14-26 08:30AM	Forward Industries Appoints Mark Brazier as Chief Financial Officer (GlobeNewswire)
Mar-19-26 04:48PM	Solana Treasury Forward Industries Uses Loan to Buy Back Shares After 89% Price Dive (decrypt) -5.45%
Mar-02-26 09:53AM	Largest SOL Holder Down $1 Billion, But Exec Still Aims To Be The 'Berkshire Hathaway Of Solana' (Benzinga) +6.13%
Feb-27-26 05:56AM	Forward Industries Eyes Berkshire Hathaway Status as SOL Losses Near $1 Billion (BeInCrypto) -6.40%
Feb-13-26 08:30AM	Forward Industries, Inc. Q1 2026 Earnings Call Summary (Moby)
12:02AM	Forward Industries Inc (FWDI) Q1 2026 Earnings Call Highlights: Revenue Surge and Strategic ... (GuruFocus.com)
Feb-12-26 04:05PM	Forward Industries Reports Fiscal First Quarter 2026 Financial and Operating Results (Business Wire)
Feb-09-26 05:00PM	Forward Industries Schedules Fiscal First Quarter 2026 Conference Call for February 12, 2026 at 5:00 p.m. ET (Business Wire) -7.71%
Feb-07-26 12:00PM	SOL-focused Forward Industries has had a tough run, but CIO says it's positioned for success (CoinDesk)
Feb-05-26 01:21PM	Bitcoin slump shakes companies that jumped on crypto-hoarding bandwagon (Reuters) -10.57%
Jan-21-26 07:20AM	Solana Digital Asset Treasuries Halt SOL Purchases as Unrealized Losses Grow (BeInCrypto) +5.17%
Jan-15-26 04:05PM	Forward Industries SOL Holdings total over 6.97 Million SOL (Business Wire) -5.69%
Dec-18-25 08:00AM	Forward Industries and Superstate Launch Tokenized FWDI Public Shares on Solana (Business Wire)
Dec-11-25 04:29PM	Forward Industries Reports Fiscal Year 2025 Financial Results (Business Wire)
Dec-02-25 04:05PM	Forward Industries Partners with Sanctum to Launch fwdSOL Liquid Staking Token (Business Wire) +5.47%
Dec-01-25 08:30AM	Forward Industries Appoints Ryan Navi as Chief Investment Officer (Business Wire) -11.69%
Nov-25-25 08:30AM	Forward Industries Appoints Georgia Quinn as General Counsel (Business Wire)
Nov-17-25 08:00AM	Forward Industries' Total Holdings Rise to 6.9 Million SOL as of November 15, 2025 (Business Wire) -6.80%
Nov-14-25 11:30AM	Forward Industries Announces NASDAQ Ticker Symbol Change to 'FWDI' Effective November 17, 2025 (Business Wire)
Nov-12-25 11:18AM	Pantera-Backed Solana Company to Tokenize Its Shares With Superstate's Opening Bell (CoinDesk)
Nov-10-25 06:02AM	Crypto treasury companies pivot to fringe tokens, stoking volatility fears (Reuters) +5.50%
Nov-06-25 06:31PM	Kyle Samani says tokenization of U.S. equities will be a turning point for crypto regulation (TheStreet) -9.54% +7.24%
Nov-04-25 01:00PM	Solana Treasury Firm Forward Industries Files Prospectus and Approves $1B Share Repurchase Program (Cryptonews) -25.32%
01:00PM	Forward Industries Authorizes $1 Billion Buyback as Solana Treasury Grows (Coinspeaker)
08:00AM	Forward Industries Announces Resale Prospectus Supplement; Board Authorizes New $1 Billion Share Repurchase Program (Business Wire)
Oct-24-25 05:34AM	Intel stock climbs and other early market movers (MarketWatch) -6.40%
03:56AM	Stock Market Today: Dow, S&P 500 and Nasdaq set for gains as key CPI report awaits (MarketWatch)
Oct-17-25 09:49AM	Trump admin. to ease auto industry tariffs, Bloomberg reports (Yahoo Finance Video) -11.89%
Oct-16-25 09:08AM	Whales Sell, ETF Hype Builds Can Solana Hold $200? (BeInCrypto)
Oct-15-25 09:03AM	Forward Industries' Total Treasury Holdings Exceed 6.87 Million SOL as of October 15, 2025 (Business Wire)
Oct-13-25 08:00AM	Forward Industries Provides Strategic Update on Market Volatility and Share Registration Extension (Business Wire) +20.55%
Oct-12-25 04:15AM	Investing $5,000 in Each of These 5 Stocks at the Start of 2025 Would Have Created a Portfolio Worth More Than $136,000 Today (Motley Fool)
Oct-08-25 08:16AM	Forward Industries Unveils Solana Validator, Delegates Entire $1.5B SOL Stash to It (CoinDesk)
Oct-07-25 05:36PM	Kyle Samani says Solana was the 'always the answer' for new crypto treasury venture (TheStreet) -7.00%
04:18PM	Forward Industries Unveils 0%-Fee Solana Validator Built with Galaxy and Firedancer (Cryptonews)
08:00AM	Forward Industries Announces Launch of Solana Validator and Integration with DoubleZero (Business Wire)
Sep-30-25 06:00AM	SEC Strikes at Crypto Treasury Firm, Halts QMMM Stock Trading after 1,000% Rally (Coinspeaker)
Sep-25-25 12:07PM	SharpLink Gaming Taps Superstate to Tokenize Its SBET Stock on Ethereum (Coinspeaker) -12.08%
09:52AM	I'm a long-term believer in Solana, says Forward Industries' Kyle Samani (CNBC TV)
Sep-24-25 04:29PM	Solana Beat BTC and ETH in Q3: These 3 Stocks Saw It Coming (MarketBeat)
10:35AM	Why Is Solana Falling Harder Than Bitcoin, Ethereum and XRP This Week? (decrypt)
Sep-22-25 04:08PM	Solana Giant Forward Industries to Tokenize $1.65B Stock on Superstate (Cryptonews) -8.41% +13.45%
01:11PM	Forward Industries to Bring Its NASDAQ Stock to Solana via Superstate Platform (Coinspeaker)
08:00AM	Forward Industries Announces Intent to Launch Tokenized Shares on Solana via Superstate's Opening Bell (Business Wire)
07:36AM	Crypto Stocks Tumble in Pre-Market Trading as Bitcoin Dives to $112K (CoinDesk)
Sep-19-25 04:18PM	Helius Launches Latest Solana Treasury with $500 Million Private Placement (Coinspeaker)
Sep-18-25 08:58AM	Morning Minute: Forward Industries Eyes $4B to Buy More Solana (decrypt) -5.88%
Sep-17-25 11:54AM	Forward Industries Seeks $4B ATM Offering to Increase Solana-Focused Treasury (Cryptonews) -10.28%
10:23AM	Forward Industries Launches $4B ATM Offering to Expand Solana Treasury (CoinDesk)
10:16AM	Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise (decrypt)
09:09AM	How Metaplanet, Forward Industries Advance Bitcoin, Solana Treasury Strategies (Benzinga)
08:23AM	Forward Industries Files $4 Billion Shelf Plan To Fuel Solana Treasury Bet (Benzinga)
06:00AM	Forward Industries Announces $4 Billion At-The-Market Equity Offering Program (Business Wire)
Sep-16-25 07:50AM	Solana News: SOL Hits 8-Month High as Treasuries Cook and USD1 Gives Rewards (CoinMarketCap)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Pruitt Michael D	Chief Executive Officer	May 19 '26	Buy	4.16	500	2,080	1,500	May 19 04:05 PM
Navi Ryan David	Chief Investment Officer	Dec 19 '25	Buy	7.08	10,000	70,800	10,000	Dec 22 04:28 PM
Pruitt Michael D	Chief Executive Officer	Dec 15 '25	Buy	7.44	1,000	7,440	1,000	Dec 15 04:10 PM

Forward Industries, Inc. is a Solana 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 firm mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana network, Solana developers and Solana related projects in order to increase shareholder value. It operates through the following segments: Design and Digital Assets. The Design segment consists of two operating segments that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the U.S. The Digital Assets segment captures SOL-based yield generated by participating in the Solana network's staking protocol, which currently comprises rewards received from native staking. The company was founded in 1961 and is headquartered in Austin, TX.

Interim CEO & DirectorMr. Michael D. Pruitt

Chief Executive Officer of IPSMr. Robert Wild

Chief Financial OfficerMr. Brazier Mark Christopher

Chief Investment OfficerMr. Ryan Navi

General CounselMs. Georgia Quinn

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FWDI

Forward Industries Inc

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