FWDI
Forward Industries, Inc.
NASDAQ: FWDI · FINANCIAL SERVICES · ASSET MANAGEMENT
$7.27
+4.30% today
Updated 2026-10-28
Market cap
$575.98M
P/E ratio
—
P/S ratio
10.84x
EPS (TTM)
$-30.27
Dividend yield
—
52W range
$3 – $18
Volume
2.1M
WallStSmart proprietary scores
39
out of 100
Grade: D
Sell
Investment rating
5.3
Growth
C+7.0
Quality
B+3.0
Profitability
D4.0
Valuation
C4/9
Piotroski F-Score
Moderate
182.6
Altman Z-Score
Safe zone
—
Industry rank
—
View all highly rated stocks (75+) →271 stocks currently score above 75
Price targets
Analyst target
$11.83
+62.72%
12-Month target
—
—
Intrinsic (DCF)
—
Margin of safety
—
0 Strong Buy3 Buy0 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ Altman Z 182.58 — safe zone
+ Revenue growth 332.10% QoQ
+ Debt/equity 0.25x — low leverage
Risks
- Thin margins at 0.00%
- Negative free cash flow $-3.35M
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $38.21M | $36.69M | $30.20M | $18.19M | $53.12M |
| Net income | $-1.38M | $-3.74M | $-1.95M | $-166.97M | $-68.96M |
| EPS | — | — | — | — | $-30.27 |
| Free cash flow | $1.37M | $904946.00 | $454616.00 | $-4.53M | $-3.35M |
| Profit margin | -3.61% | -10.18% | -6.46% | -918.07% | — |
Peer comparison
Smart narrative
Forward Industries, Inc. trades at $7.27. Our Smart Value Score of 39/100 indicates the stock is weak. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 182.58, it sits in the safe zone. TTM revenue stands at $53.12M.
Frequently asked questions
What is Forward Industries, Inc.'s stock price?
Forward Industries, Inc. (FWDI) trades at $7.27, on a P/S of 10.8x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is Forward Industries, Inc. overvalued?
Forward Industries, Inc. carries a Smart Value Score of 39/100 (Grade D), which we rate Sell. That score blends growth, quality, and valuation into one read.
What is the price target of Forward Industries, Inc. (FWDI)?
The 12-month analyst consensus target is $11.83, about 62.7% above the current $7.27. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is Forward Industries, Inc.'s revenue?
Forward Industries, Inc.'s trailing twelve-month revenue is $53.12M. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
Forward Industries, Inc.'s Altman Z-Score is 182.58, which places it in the safe zone. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorFINANCIAL SERVICES
IndustryASSET MANAGEMENT
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio10.84x
ROE-232.31%
Beta0.85
50D MA$6.69
200D MA$5.34
Shares out0.08B
Float0.06B
Short ratio—
Avg volume2.1M
Performance
1 week-5.71%
1 month-21.50%
3 months+65.25%
YTD+0.00%
1 year-61.05%
3 years—
5 years—