FWDI
Forward Industries, Inc.
NasdaqCMUSDEQUITY
Consumer Cyclical
DELAYED
Buy
+34/100
Last price
7.34
▼ 0.80 (9.83%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
8.04
Prev close
8.14
Day high
7.72
Day low
7.17
Volume
819.16K
Market cap
$559.96M
P/E (TTM)
—
52W range
3.48 – 26.65
Day trading desk
Gap from prior close
-1.23%
Prior close 8.14
VWAP
7.42
-1.09% from price
Relative volume
0.48×
Quiet session
Session range
12.13%
7.17 – 8.04
Position in range
20%
Near session low
ATR (14D)
0.67
9.06% of price
Prior day high
8.43
PDH
Prior day low
8.00
PDL
Bid / ask spread
—
Quote not published
Session volume
816.15K
Avg 1.70M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-5.90%
-7.4%
1M
+7.00%
+5.9%
3M
+78.59%
+75.6%
6M
+63.84%
+49.3%
YTD
+11.04%
-2.5%
1Y
-71.14%
-86.4%
3Y
-3.42%
-84.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on FWDI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
22.69M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 7, 26 | QUINN GEORGIA P General Counsel |
STOCK | 146.96K | $0 | Direct |
| Aug 7, 26 | NAVI RYAN DAVID Chief Investment Officer |
STOCK | 146.96K | $0 | Direct |
| Aug 7, 26 | BRAZIER MARK CHRISTOPHER Chief Financial Officer |
STOCK | 137.50K | $0 | Direct |
| May 19, 26 | PRUITT MICHAEL D Chief Executive Officer |
BUY | 500 | $2.08K | Indirect |
| Apr 16, 26 | BRAZIER MARK CHRISTOPHER Chief Financial Officer |
STOCK | 275.00K | $0 | Direct |
| Mar 6, 26 | QUINN GEORGIA P General Counsel |
STOCK | 293.91K | $0 | Direct |
| Mar 6, 26 | NAVI RYAN DAVID Chief Investment Officer |
STOCK | 382.08K | $0 | Direct |
| Dec 19, 25 | NAVI RYAN DAVID Chief Investment Officer |
BUY | 10.00K | $70.80K | Direct |
| Dec 15, 25 | PRUITT MICHAEL D Chief Executive Officer |
BUY | 1.00K | $7.44K | Indirect |
| Sep 10, 25 | MULTICOIN CAPITAL MANAGEMENT, L.L.C. Beneficial Owner of more than 10% of a Class of Security |
STOCK | 9.30M | $234.34M | Indirect |
| Sep 10, 25 | MULTICOIN CAPITAL MANAGEMENT, L.L.C. Beneficial Owner of more than 10% of a Class of Security |
STOCK | 9.30M | $172.04M | Indirect |
| Sep 8, 25 | SHAH SANGITA VADILAL MANILAL Director |
STOCK | 50.00K | $925.00K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRAZIER MARK CHRISTOPHER |
Chief Financial Officer | 412.50K | Stock Award(Grant) |
MULTICOIN CAPITAL MANAGEMENT, L.L.C. |
Beneficial Owner of more than 10% of a Class of Security | — | Stock Award(Grant) |
NAVI RYAN DAVID |
Chief Investment Officer | 539.04K | Stock Award(Grant) |
PRUITT MICHAEL D |
Chief Executive Officer | — | Purchase |
QUINN GEORGIA P |
General Counsel | 440.87K | Stock Award(Grant) |
SHAH SANGITA VADILAL MANILAL |
Director | 61.11K | Stock Award(Grant) |
Fundamentals
Market cap$559.96M
Enterprise value$706.34M
Revenue (TTM)$53.12M
Gross profit$37.48M
EBITDA$10.17M
Net income$-1.10B
EPS (TTM)$-30.27
Free cash flow$14.77M
Total cash$13.28M
Total debt$118.51M
Book value / share$6.42
Shares outstanding76.29M
Float69.41M
Short % of float10.00%
Dividend yield0.00%
Beta (5Y)0.85
Valuation & profitability ratios
Trailing P/E—
Forward P/E28.23
PEG ratio2.53
Price / sales—
Price / book1.14
EV / revenue13.30
EV / EBITDA69.45
Gross margin70.56%
Operating margin-6.75%
Profit margin0.00%
Return on equity-461.37%
Return on assets2.05%
Debt / equity24.99
Current ratio0.17
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $18.19M | $19.99M | $36.69M | $38.21M | -9.0% |
| Operating revenue | $18.19M | $19.99M | $36.69M | $38.21M | -9.0% |
| Cost of revenue | $13.00M | $14.81M | $28.32M | $29.41M | -12.2% |
| Gross profit | $5.19M | $5.18M | $8.36M | $8.80M | +0.1% |
| Selling, general & admin | $10.63M | $7.13M | $8.20M | $8.21M | +49.0% |
| Total operating expense | $11.56M | $7.13M | $8.20M | $8.21M | +62.0% |
| Operating income | -$6.37M | -$1.95M | $159.66K | $588.47K | -226.3% |
| Net interest income | $21.53K | $16.20K | -$81.01K | -$123.41K | +32.9% |
| Pre-tax income | -$169.07M | -$2.14M | $178.66K | $452.45K | -7,788.5% |
| Tax provision | $20.40K | $22.95K | $20.01K | $2.55K | -11.1% |
| Net income | -$166.97M | -$1.95M | -$3.74M | -$1.38M | -8,460.2% |
| Net income to common | -$166.97M | -$1.95M | -$3.74M | -$1.38M | -8,460.2% |
| Basic EPS | -24.59 | -1.77 | -3.70 | -1.40 | -1,289.3% |
| Diluted EPS | -24.59 | -1.77 | -3.70 | -1.40 | -1,289.3% |
| EBIT | -$169.02M | -$2.08M | $282.87K | $575.86K | -8,023.7% |
| EBITDA | -$168.69M | -$1.75M | $598.80K | $885.10K | -9,546.7% |
| Basic shares | 6.79M | 1.10M | 1.01M | 1.01M | +516.8% |
| Diluted shares | 6.79M | 1.10M | 1.01M | 1.02M | +516.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $38.17M | $2.78M | $3.18M | $2.58M | +1,274.3% |
| Cash & short-term investments | $38.17M | $2.78M | $3.18M | $2.58M | +1,274.3% |
| Accounts receivable | $1.64M | $2.31M | $6.97M | $7.54M | -29.2% |
| Inventory | — | $490.00K | $334.38K | $650.85K | — |
| Total current assets | $41.22M | $9.65M | $11.37M | $14.34M | +327.2% |
| Property, plant & equipment | $2.43M | $2.81M | $3.30M | $3.67M | -13.6% |
| Goodwill & intangibles | $0 | $2.24M | $2.65M | $2.86M | -100.0% |
| Total assets | $1.47B | $14.77M | $17.39M | $20.94M | +9,887.2% |
| Total current liabilities | $2.72M | $9.37M | $10.84M | $9.98M | -70.9% |
| Current debt | — | $600.00K | — | — | — |
| Long-term debt | — | — | $1.10M | $1.40M | — |
| Total debt | $2.55M | $3.43M | $4.35M | $5.03M | -25.9% |
| Total liabilities | $4.82M | $11.80M | $14.77M | $14.67M | -59.2% |
| Retained earnings | -$186.61M | -$19.64M | -$17.69M | -$13.95M | -850.3% |
| Shareholder equity | $1.47B | $2.97M | $2.62M | $6.27M | +49,448.6% |
| Working capital | $38.50M | $277.82K | $534.12K | $4.36M | +13,757.4% |
| Net tangible assets | $1.47B | $728.35K | -$35.42K | $3.40M | +201,742.6% |
| Shares issued | 86.15M | 1.10M | 1.01M | 1.01M | +7,723.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$166.97M | -$1.95M | -$3.74M | -$1.38M | -8,460.2% |
| Depreciation & amortisation | $332.23K | $331.93K | $315.94K | $309.24K | +0.1% |
| Stock-based compensation | $2.87M | $101.36K | $86.49K | $201.24K | +2,733.2% |
| Change in working capital | $1.86M | $146.00K | $4.37M | $2.14M | +1,177.2% |
| Operating cash flow | -$4.50M | $519.77K | $1.04M | $1.53M | -966.2% |
| Capital expenditure | -$25.77K | -$65.15K | -$136.08K | -$169.63K | +60.4% |
| Investing cash flow | -$901.47M | -$65.15K | -$136.08K | -$169.63K | -1,383,493.7% |
| Financing cash flow | $941.36M | -$500.00K | -$300.00K | -$200.00K | +188,371.7% |
| Free cash flow | -$4.53M | $454.62K | $904.95K | $1.37M | -1,096.0% |
| End cash position | $38.17M | $2.78M | $3.18M | $2.58M | +1,274.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $10.78M | $12.96M | $21.44M | $7.95M | $2.49M | — | -16.8% |
| Operating revenue | $10.78M | $12.96M | $21.44M | $7.95M | $2.49M | — | -16.8% |
| Cost of revenue | $4.08M | $3.89M | $4.59M | $3.09M | $3.12M | — | +4.8% |
| Gross profit | $6.70M | $9.07M | $16.85M | $4.86M | -$620.96K | — | -26.1% |
| Selling, general & admin | $7.43M | $6.63M | $3.79M | $5.25M | $1.94M | — | +12.1% |
| Total operating expense | $7.43M | $6.63M | $7.23M | $6.17M | $1.94M | — | +12.1% |
| Operating income | -$727.82K | $2.44M | $9.62M | -$1.31M | -$2.56M | — | -129.8% |
| Net interest income | -$444.73K | $132.26K | $676.51K | $21.92K | -$5.13K | — | -436.3% |
| Pre-tax income | -$70.69M | -$283.96M | -$582.96M | -$163.94M | -$2.40M | — | +75.1% |
| Tax provision | -$1.73M | -$875.35K | $2.69M | $20.40K | $0 | — | -97.9% |
| Net income | -$68.96M | -$283.08M | -$585.65M | -$163.96M | -$850.02K | — | +75.6% |
| Net income to common | -$68.96M | -$283.08M | -$585.65M | -$163.95M | -$860.30K | — | +75.6% |
| Basic EPS | -0.80 | -2.98 | -5.91 | — | -0.77 | -1.32 | +73.2% |
| Diluted EPS | -0.80 | -2.98 | -5.91 | — | -0.77 | -1.32 | +73.2% |
| EBIT | -$70.17M | -$283.90M | $9.62M | -$163.93M | -$2.39M | — | +75.3% |
| EBITDA | -$70.15M | -$283.88M | $9.64M | -$163.85M | -$2.31M | — | +75.3% |
| Basic shares | 86.69M | 94.92M | 99.10M | — | 1.11M | 1.10M | -8.7% |
| Diluted shares | 86.69M | 94.92M | 99.10M | — | 1.11M | 1.10M | -8.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $10.97M | $16.63M | $25.39M | $38.17M | $1.26M | — | -34.1% |
| Cash & short-term investments | $13.28M | $16.63M | $25.39M | $38.17M | $1.26M | — | -20.1% |
| Accounts receivable | $1.92M | $2.42M | $2.99M | $1.64M | $1.19M | — | -20.6% |
| Total current assets | $22.12M | $21.62M | $62.95M | $41.22M | $3.57M | — | +2.3% |
| Property, plant & equipment | $871.98K | $2.80M | $2.29M | $2.43M | $2.57M | — | -68.9% |
| Goodwill & intangibles | — | — | — | $0 | $1.85M | $1.91M | — |
| Total assets | $602.53M | $608.51M | $892.95M | $1.47B | $8.29M | — | -1.0% |
| Total current liabilities | $127.77M | $54.58M | $10.08M | $2.72M | $2.35M | — | +134.1% |
| Current debt | $117.52M | $50.02M | $3.50M | — | $600.00K | $600.00K | +134.9% |
| Total debt | $118.51M | $52.99M | $5.93M | $2.55M | $3.26M | — | +123.7% |
| Total liabilities | $128.32M | $57.06M | $12.08M | $4.82M | $4.94M | — | +124.9% |
| Retained earnings | -$1.12B | -$1.06B | -$772.26M | -$186.61M | -$22.65M | — | -6.5% |
| Shareholder equity | $474.21M | $551.46M | $880.86M | $1.47B | $3.35M | — | -14.0% |
| Working capital | -$105.65M | -$32.96M | $52.86M | $38.50M | $1.21M | — | -220.6% |
| Net tangible assets | $474.21M | $551.46M | $880.86M | $1.47B | $1.50M | — | -14.0% |
| Shares issued | 73.85M | 87.07M | 86.46M | 86.15M | 1.13M | — | -15.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$68.96M | -$283.08M | -$585.65M | -$163.96M | -$850.02K | — | +75.6% |
| Depreciation & amortisation | $20.83K | $23.27K | $25.64K | $82.71K | $83.02K | — | -10.5% |
| Stock-based compensation | $3.13M | $797.86K | $17.16K | $2.79M | $39.34K | — | +292.3% |
| Change in working capital | -$782.96K | -$706.32K | $884.52K | $473.66K | $573.01K | — | -10.9% |
| Operating cash flow | -$3.35M | -$4.80M | -$7.93M | -$2.30M | -$1.23M | — | +30.2% |
| Capital expenditure | — | — | — | — | -$18.93K | -$1.43K | — |
| Investing cash flow | -$55.80M | $3.16M | -$1.08M | -$901.24M | -$218.93K | — | -1,863.5% |
| Share buybacks | -$11.84M | -$47.14M | -$10.88M | — | $0 | $0 | +74.9% |
| Financing cash flow | $53.49M | -$7.12M | -$3.77M | $940.45M | $911.14K | — | +851.1% |
| Free cash flow | -$3.35M | -$4.80M | -$7.93M | -$2.30M | -$1.25M | — | +30.2% |
| End cash position | $10.97M | $16.63M | $25.39M | $38.17M | $1.26M | — | -34.1% |
Options analytics
Put / call volume
1.07
Put-heavy session
Put / call open interest
0.93
Positioning, not flow
Max pain
7.50
+2.2% from spot
ATM implied vol
133.2%
Nearest strike to spot
Skew (10% OTM)
-32.8%
Calls bid over puts
Call volume
41
Contracts, this expiry
Put volume
44
Contracts, this expiry
Heaviest call OI
10.00
3.13K contracts
Heaviest put OI
7.50
3.08K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.04 | -0.01 | -137.1% |
| Mar 2026 | 0.03 | 0.03 | +8.0% |
| Dec 2025 | — | -5.91 | — |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.02 | 1 | $12.48M | — |
| Next quarter | 0.06 | 2 | $11.47M | — |
| Current year | -10.19 | 1 | $57.61M | — |
| Next year | 0.26 | 1 | $56.00M | -2.8% |
Analyst targets & ownership
Mean target$11.83
High target$16.00
Low target$8.50
Implied upside61.22%
Analyst count3
ConsensusNONE
Strong buy / Buy0 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders30.72%
Held by institutions42.84%
Institutions holding124
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
8.02
-8.49% from price
SMA 20
7.55
-2.78% from price
SMA 50
6.09
+20.46% from price
SMA 100
5.19
+41.32% from price
SMA 200
5.33
+37.75% from price
EMA 12
7.80
-5.85% from price
EMA 26
7.28
+0.81% from price
EMA 50
6.52
+12.59% from price
RSI (14)
51.2
Neutral
MACD (12,26,9)
0.52
Hist -0.11
ATR (14)
0.67
9.06% of price
Realised vol 30D
111.1%
Annualised
Bollinger upper
9.21
20, 2σ
Bollinger lower
5.89
20, 2σ
50 / 200 cross
Golden
6.09 vs 5.33
Trend bias
Above 200
+37.75%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
3.63
More volatile than market
Correlation to SPY
0.48
Loosely linked
Realised vol 30D
111.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-85.7%
Peak to trough
Max drawdown 5Y
-90.9%
Peak to trough
ATR 14
0.67
9.06% of price
Beta (reported)
0.85
5Y monthly, from filing
Short interest
Shares short
6.45M
Prior 6.02M
Change vs prior
+7.2%
Shorts adding
% of float
10.00%
Normal
% of shares out
8.73%
Against total outstanding
Days to cover
2.9
Liquid
Float
69.41M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 22, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Sep 10, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Sep 3, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Aug 13, 26 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Aug 13, 26 | Cantor Fitzgerald | MAINTAINED | Overweight | Overweight |
| Jul 1, 26 | Cantor Fitzgerald | INITIATED | — | Overweight |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:10
Split dateJun 18, 2024
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-10-01
Corporate Changes & Voting Matters
8-K · 2026-09-15
Periodic Financial Reports
10-Q · 2026-08-12
Corporate Changes & Voting Matters
8-K · 2026-07-20
Corporate Changes & Voting Matters
8-K · 2026-06-16
Corporate Changes & Voting Matters
8-K · 2026-06-10
Periodic Financial Reports
10-Q · 2026-05-14
Offering Registrations
S-8 · 2026-05-01
Headlines
Forward Industries’ SOL Stash Hits 8.5 Million After 949K Q4 Increase
CryptoProwl · 6d ago
Forward Industries Closes $25 Million Direct Offering
MT Newswires · 13d ago
Forward Industries shares fall after $25 million share offering
Proactive · 14d ago
Forward Industries to Raise $25 Million in Registered Direct Offering
MT Newswires · 14d ago
Trump-Xi Meeting, SEC Tokenization Rule Seen As Near-Term Catalysts for Crypto Stocks, B. Riley Says
Stocktwits · 15d ago
Forward Industries Sweetens SkyAI Takeover Offer to 50% Premium
CryptoProwl · 22d ago
Forward Industries Makes Updated Non-Binding Proposal to Acquire SkyAI
MT Newswires · 22d ago
XYZ Stock Upgraded To ‘Buy,’ Cantor Raises Targets On Crypto Plays, Sees Bear-Market Bottom
Stocktwits · 27d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.