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FWDI Overview

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0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
4.270
Open
3.970
VWAP
4.16
Vol
1.42M
Mkt Cap
313.45M
Low
3.958
Amount
5.91M
EV/EBITDA(TTM)
38.74
Total Shares
73.75M
EV
325.45M
EV/OCF(TTM)
--
P/S(TTM)
4.84
Forward Industries, Inc. is a Solana (SOL) focused digital asset treasury company. It is focused on buying, holding, stake, trade, investing in, and growing SOL and SOL related digital assets, protocols and businesses. It is building and managing the Solana treasury for long-term shareholder value. The Company has two reportable segments: digital assets and design. The digital assets segment captures SOL-based yield generated by participating in the Solana network’s staking protocol, which comprises rewards received from native staking. The design segment consists of two operating segments (IPS and Kablooe) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the United States.
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Events Timeline

(ET)
2026-06-16
11:30:00
Hyperscale Data Plans to End Bitcoin Mining in Michigan
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2026-06-16
08:00:00
Solana Company Rejects Forward Industries Acquisition Proposal
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2026-06-15 (ET)
2026-06-15
09:30:00
Forward Industries Proposes Merger with SkyAI
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2026-06-15
09:30:00
Forward Industries Proposes All-Stock Merger to Solana
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2026-06-12 (ET)
2026-06-12
10:00:00
Coinbase Introduces AI Agent Feature, MassPay Partners with Coinbase
select
2026-06-09 (ET)
2026-06-09
16:50:00
Forward Industries announces proposal to acquire Brera Holdings
select
2026-04-24 (ET)
2026-04-24
09:50:00
NY AG Sues Coinbase and Gemini for Illegal Gambling
select

News

Newsfilter
8.5
06-24Newsfilter
Forward Industries Opening Position Disclosure
  • Shareholding Disclosure: Forward Industries, Inc. disclosed holding 13,316,224 shares of common stock as of June 23, 2026, representing 15.294% of the issued share capital, indicating its significant market position.
  • Board Shareholding: Among the directors, Pyahm Samani holds 3,134,871 shares, accounting for 4.25%, while Michael Pruitt and Sangita Shah hold 1,500 and 61,113 shares respectively, reflecting the board's confidence in the company's future.
  • No Short Positions: The disclosure indicates that Forward Industries has no short positions, suggesting stability and confidence in the current market environment.
  • Transparency Compliance: This disclosure adheres to the requirements of the Irish Takeover Rules, ensuring investors have a clear understanding of the company's shareholding structure, which helps enhance market trust.
seekingalpha
8.5
06-16seekingalpha
Solana Rejects FWDI Acquisition Proposal
  • Acquisition Proposal Rejected: Solana Company's board unanimously rejected an unsolicited acquisition proposal from Forward Industries, determining that the all-stock offer valuing Solana at $1.48 per share significantly undervalues the company, demonstrating the board's commitment to shareholder interests.
  • Positive Stock Reaction: Following the rejection of the proposal, Solana's shares rose over 2% in premarket trading, reflecting market approval of the board's decision and indicating investor confidence in the company's future prospects.
  • FWDI Stock Decline: In contrast to Solana's stock increase, Forward Industries saw a 1.5% decline in its share price, which may reflect market skepticism regarding its acquisition capabilities and a reassessment of Solana's valuation.
  • Strategic Implications: The rejection of the acquisition proposal not only preserves Solana's independence but also potentially provides greater flexibility for future strategic developments, with the board's decision underscoring a strong belief in the company's long-term value.
Yahoo Finance
8.5
06-16Yahoo Finance
Solana Rejects Acquisition Offer from Forward Industries
  • Acquisition Offer Rejected: Solana Company has rejected a non-binding acquisition offer from Forward Industries, indicating a strong commitment to independent operations, which may impact its future strategic direction and investor confidence.
  • Market Reaction: This news could lead to negative sentiment among investors regarding Solana's short-term stock price, especially following market volatility triggered by acquisition rumors, reflecting uncertainty about the company's future prospects.
  • Competitive Landscape: By rejecting the acquisition proposal, Solana may maintain its independence within the industry, enhancing its competitiveness in a rapidly changing market, but it could also miss out on potential synergies that a partnership with Forward could provide.
  • Strategic Considerations: Solana's decision underscores its valuation focus, potentially attracting interest from other investors, while also necessitating vigilance regarding future acquisition proposals that may arise.
Newsfilter
8.5
06-16Newsfilter
Forward Industries Proposes All-Stock Merger with HSDT
  • Merger Proposal Rejected: Forward Industries made a non-binding all-stock merger proposal to HSDT, which was declined by HSDT's board on June 12 without further discussion, indicating a lack of communication that may impact Forward's market confidence.
  • Shareholder Value Commitment: Forward proposed that HSDT shareholders receive 0.386 newly issued shares of Forward common stock for each HSDT share, representing a 10% premium, aiming to enhance shareholder value and drive growth in the Solana ecosystem through the merger.
  • Market Environment Consideration: Forward believes that the current market environment necessitates cooperation and strategic action between companies to fulfill commitments to shareholders, emphasizing the importance of accelerating growth within the Solana ecosystem, which may influence future investment decisions.
  • Long-Term Vision: Forward aims to become the 'Berkshire Hathaway of Solana' by leveraging its position as the world's largest Solana treasury and the liquid staking token fwdSOL, suggesting that a merger with HSDT could help realize this vision and enhance overall market competitiveness.
seekingalpha
8.5
06-15seekingalpha
SkyAI Shares Surge 15% on Merger Proposal from Forward Industries
  • Stock Surge: SkyAI (SKYA) shares jumped over 15% in after-hours trading on Monday, reflecting strong market enthusiasm for the unsolicited merger proposal from Forward Industries (FWDI).
  • Merger Proposal Details: The offer from Forward Industries suggests that SKYA shareholders would receive 0.367 FWDI shares per SKYA share, valuing SKYA at approximately $1.55 per share, which represents a 20% premium over its pre-offer closing price.
  • Board Response: SkyAI's Board of Directors has established a special committee to review and evaluate the proposal, indicating the company's serious consideration of the merger opportunity and its implications for shareholders.
  • Market Performance: Following the announcement, SkyAI's stock closed nearly 12% higher at $1.25 on Monday, signaling investor optimism regarding the potential merger and its impact on future growth.
seekingalpha
8.5
06-15seekingalpha
Forward Industries Makes Acquisition Proposals to HSDT and SkyAI
  • Acquisition Proposal Overview: Forward Industries (FWDI) has recently made non-binding all-stock acquisition proposals to Solana Company (HSDT) and SkyAI (SKYA) as part of its strategy to strengthen its position as a leading Solana-focused treasury platform.
  • HSDT Acquisition Details: FWDI proposed to acquire HSDT at a rate of 0.386 newly issued FWDI shares per HSDT share, valuing HSDT at approximately $1.63 per share, which represents a 10% premium over its closing price prior to the offer; however, HSDT's board declined the proposal and indicated no further discussions would be pursued.
  • SKYA Acquisition Status: FWDI also made an offer for SkyAI, proposing 0.367 FWDI shares per SKYA share, valuing SKYA at about $1.55 per share, a 20% premium to its pre-offer closing price, but SkyAI did not respond before the proposal expired.
  • Market Reaction: Following these proposals, FWDI shares rose by 7.5%, while HSDT saw a premarket increase of 3.9%, indicating a positive market response to FWDI's acquisition strategy, which may enhance its competitive edge in the relevant markets.

Valuation Metrics

The current forward P/E ratio for Forward Industries Inc (FWDI.O) is 44.44, compared to its 5-year average forward P/E of 39.42. For a more detailed relative valuation and DCF analysis to assess Forward Industries Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
39.42
Current PE
44.44
Overvalued PE
57.52
Undervalued PE
21.32

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
453.14
Current EV/EBITDA
31.07
Overvalued EV/EBITDA
925.70
Undervalued EV/EBITDA
-19.42

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
17.10
Current PS
5.31
Overvalued PS
30.13
Undervalued PS
4.07

Financials

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Whales Holding FWDI

G
Ghisallo Capital Management LLC
Holding
FWDI
+9.37%
3M Return

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Frequently Asked Questions

What is Forward Industries Inc (FWDI) stock price today?

The current price of FWDI is 4.25 USD — it has increased 7.32

What is Forward Industries Inc (FWDI)'s business?

Forward Industries, Inc. is a Solana (SOL) focused digital asset treasury company. It is focused on buying, holding, stake, trade, investing in, and growing SOL and SOL related digital assets, protocols and businesses. It is building and managing the Solana treasury for long-term shareholder value. The Company has two reportable segments: digital assets and design. The digital assets segment captures SOL-based yield generated by participating in the Solana network’s staking protocol, which comprises rewards received from native staking. The design segment consists of two operating segments (IPS and Kablooe) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the United States.

What is the price predicton of FWDI Stock?

Wall Street analysts forecast FWDI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWDI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Forward Industries Inc (FWDI)'s revenue for the last quarter?

Forward Industries Inc revenue for the last quarter amounts to 12.96M USD, increased 315.03

What is Forward Industries Inc (FWDI)'s earnings per share (EPS) for the last quarter?

Forward Industries Inc. EPS for the last quarter amounts to -2.98 USD, increased 125.76

How many employees does Forward Industries Inc (FWDI). have?

Forward Industries Inc (FWDI) has 60 emplpoyees as of June 30 2026.

What is Forward Industries Inc (FWDI) market cap?

Today FWDI has the market capitalization of 313.45M USD.