FW
FWDI
Forward Industries, Inc.
$4.58
-3.38%
$342.0M
No data for this timeframe.
Vol
Market Cap$342.0M
Cap SizeSmall Cap
Inst. Holders7 funds
Inst. Value$9.1M
Inst. Activity4 buys / 2 sells
Insider Activity1B / 0S
Insider Net $$2.1K
SEC Reports5
Press Releases1
Recent Activity
May 19, 2026
Insider
Pruitt Michael D bought 500 shares
Chief Executive Officer @ $4.16 ($2.1K)
May 14, 2026
SEC
Forward Industries reported Q2 fiscal 2026 revenue of $13.0M (up 4x YoY from $3.1M) but a GAAP net loss of $283.1M drive
PRESS-RELEASE — Impact 6/10
May 14, 2026
earnings
Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results
<p><i>Management to Host Conference Call Today at 5:00 p.m. Eastern Time</i></p>
May 5, 2026
Insider
Samani Pyahm sold 1,783,519 shares
Director @ $4.43 ($7.9M)
May 4, 2026
SEC
Forward Industries announced a conference call for its FQ2 2026 earnings but has not yet released financial results. The
PRESS-RELEASE — Impact 2/10
Apr 30, 2026
Insider
Samani Pyahm sold 4,458,796 shares
Director @ $3.91 ($17.4M)
Apr 27, 2026
SEC
The Ninth Circuit Court of Appeals affirmed the dismissal of Forward Industries, Inc.'s lawsuit against two California s
COURT-RULING — Impact 3/10
Inst.
VANGUARD GROUP INC — DOUBLED
1,135,272 shares ($7.5M)
Price Targets
No recent covering-analyst activity on file. No current recommendation available.
$8.25
Current $4.58
Low $8.00
Median $8.25
High $8.50
2 analysts
$8.00
$8.50
Analyst Ratings
2Strong Buy
5Buy
1Hold
0Sell
0Strong Sell
Earnings Estimates
| Period | EPS Est. | Range | Growth | # |
|---|---|---|---|---|
| Current Q | $0.00 ▼ -99.8% | $0.00 — $0.00 | 1 | |
| Next Q | $0.00 ▼ -99.8% | $0.00 — $0.00 | 1 | |
| Current FY | $-0.06 ▼ -13.0% | $-0.06 — $-0.06 | 1 | |
| Next FY | $0.00 | $0.00 — $0.00 | 103% YoY | 1 |
Latest Reports
BEARISH
PRESS-RELEASE
6/10
Forward Industries reported Q2 fiscal 2026 revenue of $13.0M (up 4x YoY from $3.1M) but a GAAP net loss of $283.1M drive
May 14, 2026
NEUTRAL
PRESS-RELEASE
2/10
Forward Industries announced a conference call for its FQ2 2026 earnings but has not yet released financial results. The
May 4, 2026
BULLISH
Press
7/10
Forward Industries announced a share repurchase of 6.16 million shares for $27.4 million, reducing shares outstanding an
Mar 19, 2026
Top Institutional Holders
| Fund | Value | Move |
|---|---|---|
| VANGUARD GROUP INC | $7.5M | DOUBLED |
| TWO SIGMA INVESTMENTS, LP | $638.1K | NEW |
| MORGAN STANLEY | $548.2K | DOUBLED |
| CHARLES SCHWAB INVESTMENT MANAGEMENT | $258.1K | NEW |
| RENAISSANCE TECHNOLOGIES LLC | $161.3K | TRIM |
Recent Insider Trades
| Date | Insider | Type | Value |
|---|---|---|---|
| May 19, 2026 | Pruitt Michael | BUY | $2.1K |
| May 5, 2026 | Samani Pyahm | J | $7.9M |
| Apr 30, 2026 | Samani Pyahm | J | $17.4M |
| Apr 16, 2026 | Brazier Mark | A | $0.00 |
| Apr 16, 2026 | Brazier Mark | A | $0.00 |
7 institutional holders with $9.1M total value (1,380,537 shares) as of 2025-Q4. Top holders: VANGUARD, TWO, MORGAN. Net buying activity: 4 institutions added/increased vs 2 reduced.
Top Institutional Holders — 2025-Q4
| # | Fund | Shares | Value | % of Tracked | Last Move |
|---|---|---|---|---|---|
| 1 | VANGUARD GROUP INC | 1,135,272 | $7.5M | 82.2% | DOUBLED +9679.2% |
| 2 | TWO SIGMA INVESTMENTS, LP | 96,540 | $638.1K | 7.0% | NEW |
| 3 | MORGAN STANLEY | 82,930 | $548.2K | 6.0% | DOUBLED +5267.6% |
| 4 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 39,052 | $258.1K | 2.8% | NEW |
| 5 | RENAISSANCE TECHNOLOGIES LLC | 24,400 | $161.3K | 1.8% | TRIM -59.3% |
| 6 | BANK OF AMERICA CORP /DE/ | 2,095 | $13.8K | 0.2% | NEAR_EXIT -87.0% |
| 7 | FMR LLC | 248 | $1.6K | 0.0% | — |
Recent Position Changes
| Fund | Action | Prev Shares | Curr Shares | Change % | Value | Quarter |
|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | DOUBLED | 11,609 | 1,135,272 | +9679.2% | $7.5M | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP | NEW | — | 96,540 | — | $638.1K | 2025-Q4 |
| MORGAN STANLEY | DOUBLED | 1,545 | 82,930 | +5267.6% | $548.2K | 2025-Q4 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | NEW | — | 39,052 | — | $258.1K | 2025-Q4 |
| RENAISSANCE TECHNOLOGIES LLC | TRIM | 60,020 | 24,400 | -59.3% | $161.3K | 2025-Q4 |
| BANK OF AMERICA CORP /DE/ | NEAR_EXIT | 16,065 | 2,095 | -87.0% | $13.8K | 2025-Q4 |
| BANK OF AMERICA CORP /DE/ | DOUBLED | 297 | 16,065 | +5309.1% | $410.8K | 2025-Q3 |
| UBS Group AG | TRIM | 11,711 | 5,349 | -54.3% | $136.8K | 2025-Q3 |
| MORGAN STANLEY | DOUBLED | 1 | 1,545 | +154400.0% | $39.5K | 2025-Q3 |
| UBS Group AG | DOUBLED | 105 | 11,711 | +11053.3% | $68.4K | 2025-Q2 |
| MORGAN STANLEY | NEAR_EXIT | 124 | 1 | -99.2% | $8.00 | 2025-Q2 |
| MORGAN STANLEY | NEAR_EXIT | 1,798 | 124 | -93.1% | $516.00 | 2025-Q1 |
| UBS Group AG | NEAR_EXIT | 3,080 | 105 | -96.6% | $436.00 | 2025-Q1 |
| CITADEL ADVISORS LLC | EXIT | 10,705 | 0 | -100.0% | $0.00 | 2025-Q1 |
9 unique insiders with 1 transactions. Net insider value: $2.1K ($2.1K bought, $0.00 sold).
Insider Transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| May 19, 2026 | Pruitt Michael D | Chief Executive Officer | BUY | 500 | $4.16 | $2.1K |
| May 5, 2026 | Samani Pyahm | Director | J | 1,783,519 | $4.43 | $7.9M |
| Apr 30, 2026 | Samani Pyahm | Director | J | 4,458,796 | $3.91 | $17.4M |
| Apr 16, 2026 | Brazier Mark Christopher | Chief Financial Officer | A | 275,000 | $0.00 | $0.00 |
| Apr 16, 2026 | Brazier Mark Christopher | Chief Financial Officer | A | 275,000 | $0.00 | $0.00 |
| Mar 10, 2026 | Shah Sangita | Director | A | 150,000 | $0.00 | $0.00 |
| Mar 10, 2026 | Pruitt Michael D | Chief Executive Officer | A | 100,000 | $0.00 | $0.00 |
| Mar 10, 2026 | Johnson Keith J | Director | A | 150,000 | $0.00 | $0.00 |
| Mar 8, 2026 | Quinn Georgia P | General Counsel | A | 293,912 | $0.00 | $0.00 |
| Mar 8, 2026 | Navi Ryan David | Chief Investment Officer | A | 352,694 | $0.00 | $0.00 |
| Mar 8, 2026 | Navi Ryan David | Chief Investment Officer | A | 382,085 | $0.00 | $0.00 |
| Mar 8, 2026 | Weisberg Kathleen | Chief Financial Officer | A | 50,000 | $0.00 | $0.00 |
| Mar 8, 2026 | Quinn Georgia P | General Counsel | A | 293,911 | $0.00 | $0.00 |
| Mar 18, 2025 | Multicoin Capital Management, LLC | 10%+ Owner | D | 6,164,324 | $4.44 | $27.4M |
5 SEC filing reports analyzed. Sentiment: 0 bullish, 1 bearish, 0 mixed, 4 neutral. Avg impact: 3.4/10.
BEARISH
PRESS-RELEASE
6/10
Forward Industries reported Q2 fiscal 2026 revenue of $13.0M (up 4x YoY from $3.1M) but a GAAP net l
May 14, 2026
NEUTRAL
PRESS-RELEASE
2/10
Forward Industries announced a conference call for its FQ2 2026 earnings but has not yet released fi
May 4, 2026
NEUTRAL
COURT-RULING
3/10
The Ninth Circuit Court of Appeals affirmed the dismissal of Forward Industries, Inc.'s lawsuit agai
Apr 27, 2026
NEUTRAL
8-K
3/10
Forward Industries granted equity awards to its newly appointed CFO, Mark Brazier, including stock o
Apr 17, 2026
NEUTRAL
8-K
3/10
Forward Industries appointed Mark Brazier as CFO effective April 13, 2026, replacing Kathleen Weisbe
Apr 8, 2026
Historical analyst distribution: 88% buy across 8 analysts — 2 strong buy, 5 buy, 1 hold, 0 sell, 0 strong sell. No current recommendation available.
Analyst Price Targets
No recent covering-analyst activity on file. No current recommendation available.
$8.25 mean target
$8.00 Low
$8.50 High
| Metric | Value |
|---|---|
| Current Price | $4.58 |
| Target Low | $8.00 |
| Target Mean | $8.25 |
| Target Median | $8.25 |
| Target High | $8.50 |
| # Analysts | 2 |
| Recommendation | — (no recent coverage) |
Earnings Estimates & Revisions
| Period | EPS Avg | EPS Low | EPS High | EPS Growth | 30d Rev. | Up/Down | Rev. Avg | Rev. Growth | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| Current Q 2026-06-30 |
$0.00 | $0.00 | $0.00 | — | -99.8% | — | $0.0B | — | 1 |
| Next Q 2026-09-30 |
$0.00 | $0.00 | $0.00 | — | -99.8% | — | $0.0B | — | 1 |
| Current FY 2026-09-30 |
$-0.06 | $-0.06 | $-0.06 | — | -13.0% | — | $0.1B | — | 1 |
| Next FY 2027-09-30 |
$0.00 | $0.00 | $0.00 | 102.9% | — | — | $0.1B | -9.1% | 1 |
Current Quarter EPS Revision History
| Timepoint | EPS Estimate | Change |
|---|---|---|
| Current | $0.000 | |
| 7d ago | $0.055 | -0.055 |
| 30d ago | $0.110 | -0.110 |
| 60d ago | $0.000 | +0.000 |
| 90d ago | $0.000 | +0.000 |
Monthly Consensus History
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| May 1, 2026 | 2 | 5 | 1 | 0 | 0 | 88% | |
| Apr 1, 2026 | 2 | 4 | 1 | 0 | 0 | 86% | |
| Mar 1, 2026 | 2 | 4 | 1 | 0 | 0 | 86% | |
| Feb 1, 2026 | 2 | 4 | 1 | 0 | 0 | 86% | |
| Jan 1, 2026 | 2 | 4 | 1 | 0 | 0 | 86% |
Strong BuyBuyHoldSellStrong Sell
No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.
No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.
May 14, 2026
earnings
Forward Industries Reports Fiscal Second Quarter 2026 Financial and Operating Results
<p><i>Management to Host Conference Call Today at 5:00 p.m. Eastern Time</i></p>
May 14, 2026
earnings_calendar
FWDI Q2 2026 Earnings Scheduled — 2026-05-14
May 14, 2026
short_volume
Short Volume: FWDI — 59.0% short (0.4M / 0.6M)
Short: 359,255 | Exempt: 3,718 | TRF Vol: 608,421 | Short Ratio: 59.0% | Off-exchange volume (dark pool + OTC)
May 5, 2026
other
Forward Industries and RockawayX Co-Lead Strategic Investment in OnRe to Accelerate Onchain Reinsurance on Solana
<p align="center"><i>Investment Advances Forward’s Strategy to Build Shareholder Value Through Active Participation in Tokenized Real-World Assets and
May 4, 2026
earnings
Forward Industries Schedules Fiscal Second Quarter 2026 Conference Call for May 14, 2026 at 5:00 p.m. ET
<p align="justify"><strong>AUSTIN, TX, May 04, 2026 (GLOBE NEWSWIRE) -- </strong>Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward”
Apr 27, 2026
short_interest
FTD: FWDI — 167,866 shares ($0.8M) failed to deliver
Settlement: 20260427, Price: $4.62, FTD Value: $775,540.92, FORWARD INDUSTRIES INC TEX COM
Apr 24, 2026
short_interest
FTD: FWDI — 243,540 shares ($1.1M) failed to deliver
Settlement: 20260424, Price: $4.66, FTD Value: $1,134,896.4, FORWARD INDUSTRIES INC TEX COM
Apr 23, 2026
short_interest
FTD: FWDI — 247,222 shares ($1.2M) failed to deliver
Settlement: 20260423, Price: $4.92, FTD Value: $1,216,332.24, FORWARD INDUSTRIES INC TEX COM
Apr 22, 2026
short_interest
FTD: FWDI — 174,328 shares ($0.8M) failed to deliver
Settlement: 20260422, Price: $4.68, FTD Value: $815,855.04, FORWARD INDUSTRIES INC TEX COM
Apr 21, 2026
short_interest
FTD: FWDI — 164,509 shares ($0.8M) failed to deliver
Settlement: 20260421, Price: $4.87, FTD Value: $801,158.83, FORWARD INDUSTRIES INC TEX COM
Apr 20, 2026
short_interest
FTD: FWDI — 111,129 shares ($0.5M) failed to deliver
Settlement: 20260420, Price: $4.92, FTD Value: $546,754.68, FORWARD INDUSTRIES INC TEX COM
Apr 17, 2026
short_interest
FTD: FWDI — 241,390 shares ($1.2M) failed to deliver
Settlement: 20260417, Price: $4.77, FTD Value: $1,151,430.3, FORWARD INDUSTRIES INC TEX COM
Apr 16, 2026
short_interest
FTD: FWDI — 154,370 shares ($0.7M) failed to deliver
Settlement: 20260416, Price: $4.59, FTD Value: $708,558.3, FORWARD INDUSTRIES INC TEX COM
Apr 15, 2026
short_interest
FTD: FWDI — 134,620 shares ($0.6M) failed to deliver
Settlement: 20260415, Price: $4.55, FTD Value: $612,521, FORWARD INDUSTRIES INC TEX COM
Apr 14, 2026
other
Forward Industries Appoints Mark Brazier as Chief Financial Officer
<p align="center"><i>Veteran Digital Asset and Traditional Finance Executive to Oversee Financial Operations and Capital Markets Execution</i></p>