Forward Industries, Inc. (FWDI) Stock

Forward Industries, Inc. (FWDI) is a Financials stock trading at $4.39 (as of 2026-06-18), with a market capitalization of $350.99M and a trailing P/E of -0.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Forward Industries, Inc. designs, markets, and distributes carry and protective solutions and related products for handheld electronic devices through OEM Distribution, Retail Distribution, and Design segments. It sells to original equipment manufacturers and retailers across the Americas, Europe, Middle East and Africa, and Asia-Pacific, and provides product design and engineering services.

Valuation — source: SEC EDGAR (first-party)
Price	$4.39
Market Cap	$350.99M
P/E Ratio	-0.1
EV / EBITDA	-0.4
Price / Book	0.63
Price / Sales	7.71
DCF Value (model)	$-0.45
DCF Upside vs Price	-110.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$18.19M
Net Margin	-918.1%
Return on Equity	-187.4%
Current Ratio	0.40
Revenue Growth (YoY)	-39.8%
EPS Growth (YoY)	1289.3%
FCF Growth (YoY)	-1424.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	47.12 (safe)

Valuation vs Sector & Industry
Stock P/E	-0.1
Sector P/E (Financials)	14.2
Industry P/E (Banking)	12.4
vs Sector	-101.0%
vs Industry	-101.2%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Multicoin Capital Management, LLC ($52.54M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Michael D. Pruitt
Employees	100
Country	US
IPO Date	1994-11-17

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Data as of 2026-06-18.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.