FWDI
Forward Industries, Inc.
NASDAQ: FWDI · CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES
$4.61
+8.98% today
Updated 2026-04-30
Market cap
$355.64M
P/E ratio
—
P/S ratio
10.16x
EPS (TTM)
$-29.99
Dividend yield
—
52W range
$4 – $46
Volume
0.9M
WallStSmart proprietary scores
51
out of 100
Grade: C
Hold
Investment rating
5.3
Growth
C+9.0
Quality
A+5.0
Profitability
C+4.0
Valuation
C4/9
Piotroski F-Score
Moderate
183.0
Altman Z-Score
Safe zone
—
Industry rank
—
View all highly rated stocks (75+) →206 stocks currently score above 75
Price targets
Analyst target
$7.75
+68.11%
12-Month target
—
—
Intrinsic (DCF)
—
Margin of safety
—
0 Strong Buy1 Buy0 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Altman Z 182.95 — safe zone
+ Revenue growth 363.50% QoQ
+ Debt/equity 0.00x — low leverage
Risks
- Thin margins at 0.00%
- Negative free cash flow $-7.93M
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $42.34M | $36.69M | $30.20M | $18.19M | $35.00M |
| Net income | $-1.38M | $-3.74M | $-1.95M | $-167.00M | $-585.65M |
| EPS | — | — | — | — | $-29.99 |
| Free cash flow | $1.37M | $904946.00 | $341968.00 | $-4.53M | $-7.93M |
| Profit margin | -3.26% | -10.18% | -6.46% | -918.23% | — |
Peer comparison
Smart narrative
Forward Industries, Inc. trades at $4.61. Our Smart Value Score of 51/100 indicates the stock is fair. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 182.95, it sits in the safe zone. TTM revenue stands at $35.00M.
Frequently asked questions
What is Forward Industries, Inc.'s stock price?
Forward Industries, Inc. (FWDI) trades at $4.61.
Is Forward Industries, Inc. overvalued?
Smart Value Score 51/100 (Grade C, Hold).
What is the price target of Forward Industries, Inc. (FWDI)?
The analyst target price is $7.75, representing +68.1% upside from the current price of $4.61.
What is Forward Industries, Inc.'s revenue?
TTM revenue is $35.00M.
Piotroski F-Score?
4/9 — moderate financial health.
Altman Z-Score?
182.95 — safe zone.
Company info
SectorCONSUMER CYCLICAL
IndustryFOOTWEAR & ACCESSORIES
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio10.16x
ROE-170.70%
Beta0.78
50D MA$4.67
200D MA$11.28
Shares out0.08B
Float0.08B
Short ratio—
Avg volume0.9M
Performance
1 week-6.10%
1 month+7.19%
3 months-40.92%
YTD-30.11%
1 year—
3 years—
5 years—