Forward Industries (FWDI) Stock Insights
FWDI$7.27+0.30 +4.30%
$554.62M
Market Cap
—
P/E
—
Forward P/E
—
Score
Forward Industries (FWDI) Stock Insights
FWDI price $7.27 +0.30 +4.30%
- Ticker
- FWDI
- Price
- $7.27
- Change
- +0.30 +4.30%
- Market cap ?
- $554.62M
- Beta ?
- 0.85
- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
Fair value
FWDI fair value $3.52. Price $7.27. Price is 107% above fair value.
Above fair value, but less expensive than usual. A smaller premium than on 67% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 4.68M. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.95% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 76.29M. Net debt -35.62M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-12-10 | — | 0.02 | — | 12.48M |
| 2026-08-13 | -0.80 | 0.03 | 10.78M | 12.58M |
| 2026-05-14 | -2.98 | -0.03 | 12.96M | 16.58M |
| 2026-02-12 | -5.91 | — | 21.22M | 21.40M |
| 2025-12-11 | -2.19 | — | 7.95M | — |
| 2025-08-14 | -2.17 | — | 2.49M | — |
| 2025-05-14 | -1.65 | — | 3.12M | — |
| 2025-02-13 | -0.64 | — | 4.62M | — |
| 2024-12-27 | -0.06 | — | 7.33M | — |
| 2024-08-14 | -0.34 | — | 7.89M | — |
| 2024-05-10 | -0.50 | — | 5.07M | — |
| 2024-02-14 | -0.40 | — | 7.15M | — |
| 2023-12-20 | -0.19 | — | 5.09M | — |
| 2023-08-14 | -0.50 | — | 10.13M | — |
| 2023-05-12 | -0.90 | — | 10.66M | — |
| 2023-02-14 | -0.40 | — | 9.75M | — |
| 2022-12-16 | -0.80 | — | 9.82M | — |
| 2022-08-10 | -0.40 | — | 10.59M | — |
| 2022-05-12 | -0.40 | — | 10.31M | — |
| 2022-02-10 | 0.20 | — | 11.61M | — |
| 2021-12-16 | -0.10 | — | 10.94M | — |
| 2021-08-12 | 0.20 | — | 9.96M | — |
| 2021-05-14 | -0.80 | — | 8.40M | — |
| 2021-02-12 | -0.20 | — | 9.72M | — |
| 2020-12-17 | -0.10 | — | 8.61M | — |
| 2020-08-14 | -0.20 | — | 9.50M | — |
| 2020-06-25 | -0.70 | — | 7.93M | — |
| 2020-02-14 | -0.10 | — | 8.39M | — |
| 2019-12-27 | -1.90 | — | 9.14M | — |
| 2019-08-14 | -0.10 | — | 9.91M | — |
| 2019-05-15 | -1.20 | — | 8.17M | — |
| 2019-02-14 | -0.60 | — | 10.18M | — |
| 2018-12-20 | 0.20 | — | 9.61M | — |
| 2018-08-14 | -0.30 | — | 9.54M | — |
| 2018-05-18 | 1.00 | — | 9.01M | — |
| 2018-02-14 | 0.10 | — | 6.34M | — |
| 2017-12-14 | 0.20 | — | 6.31M | — |
| 2017-08-14 | 0.60 | — | 7.33M | — |
| 2017-05-12 | -0.30 | — | 4.53M | — |
| 2017-02-13 | 0.20 | — | 6.59M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-08 | Navi Ryan David | Buy | 146.96K | — | — |
| 2026-08-08 | Brazier Mark Christopher | Buy | 137.50K | — | — |
| 2026-08-08 | Quinn Georgia P | Buy | 146.96K | — | — |
| 2026-07-14 | Ashe Michael Lawrence | Other | 0 | — | — |
| 2026-05-19 | Pruitt Michael D | Buy | 500 | $4.16 | 2.08K |
| 2026-05-14 | Galaxy Digital, LP | Other | 0 | — | — |
| 2026-05-14 | Galaxy Digital, LP | Other | 1.78M | — | — |
| 2026-05-14 | Galaxy Digital, LP | Other | 4.46M | $0.01 | 44.59K |
| 2026-05-05 | Samani Pyahm | Buy | 1.78M | $4.43 | 7.90M |
| 2026-04-30 | Samani Pyahm | Buy | 4.46M | $0.01 | 44.59K |
| 2026-04-16 | Brazier Mark Christopher | Buy | 275.00K | — | — |
| 2026-04-16 | Brazier Mark Christopher | Buy | 275.00K | — | — |
| 2026-04-13 | Brazier Mark Christopher | Other | 0 | — | — |
| 2026-03-10 | Pruitt Michael D | Buy | 100.00K | $5.02 | 502.00K |
| 2026-03-10 | Johnson Keith J | Buy | 150.00K | $5.02 | 753.00K |
| 2026-03-10 | Shah Sangita | Buy | 150.00K | $5.02 | 753.00K |
| 2026-03-08 | Weisberg Kathleen | Buy | 50.00K | $4.83 | 241.50K |
| 2026-03-08 | Navi Ryan David | Buy | 382.08K | — | — |
| 2026-03-08 | Navi Ryan David | Buy | 352.69K | — | — |
| 2026-03-08 | Quinn Georgia P | Buy | 293.91K | — | — |
| 2026-03-08 | Quinn Georgia P | Buy | 293.91K | — | — |
| 2026-03-03 | Sharma Saurabh | Other | 0 | — | — |
| 2026-03-03 | J Digital 6 Cayman Ltd. | Other | 0 | — | — |
| 2026-03-03 | J Digital 6 Cayman Ltd. | Other | 0 | — | — |
| 2026-03-03 | J Digital 6 Cayman Ltd. | Other | 4.46M | $0.01 | 44.59K |
| 2025-12-19 | Navi Ryan David | Buy | 10.00K | $7.08 | 70.80K |
| 2025-12-15 | Pruitt Michael D | Buy | 1.00K | $7.44 | 7.44K |
| 2025-12-01 | Navi Ryan David | Other | 0 | — | — |
| 2025-11-17 | Quinn Georgia P | Other | 0 | — | — |
| 2025-09-10 | Multicoin Capital Management, LLC | Buy | 7.95M | $18.50 | 147.04M |
| 2025-09-10 | Multicoin Capital Management, LLC | Buy | 4.46M | $0.01 | 44.59K |
| 2025-09-10 | Multicoin Capital Management, LLC | Buy | 1.35M | $18.50 | 25.00M |
| 2025-09-10 | Multicoin Capital Management, LLC | Other | 0 | — | — |
| 2025-09-08 | Shah Sangita | Buy | 50.00K | $18.50 | 925.00K |
| 2025-09-08 | Hrynkow Sharon Hemond | Buy | 45.00K | $18.50 | 832.50K |
| 2025-09-08 | Pruitt Michael D | Buy | 90.00K | $18.50 | 1.67M |
| 2025-09-08 | Weisberg Kathleen | Buy | 45.00K | $18.50 | 832.50K |
| 2025-06-01 | Shah Sangita | Buy | 12.15K | $6.37 | 77.38K |
| 2025-06-01 | Johnson Keith J | Buy | 12.15K | $6.37 | 77.38K |
| 2025-06-01 | Hrynkow Sharon Hemond | Buy | 12.15K | $6.37 | 77.38K |
| 2025-05-16 | Johnson Keith J | Other | 0 | — | — |
| 2025-03-18 | Multicoin Capital Management, LLC | Sell | 6.16M | $4.44 | 27.37M |
| 2025-02-01 | Pruitt Michael D | Buy | 13.78K | $6.01 | 82.81K |
| 2025-02-01 | Pruitt Michael D | Other | 0 | — | — |
| 2024-10-01 | Shah Sangita | Buy | 24.01K | $3.73 | 89.56K |
| 2024-10-01 | Hrynkow Sharon Hemond | Buy | 24.01K | $3.73 | 89.56K |
| 2024-07-05 | Terence Bernard Wise | Buy | 1.70K | $7.50 | 12.75K |
| 2023-10-01 | Shah Sangita | Buy | 110.80K | $0.76 | 84.21K |
| 2023-10-01 | Hrynkow Sharon Hemond | Buy | 110.80K | $0.76 | 84.21K |
| 2023-10-01 | ZIGLAR JAMES W | Buy | 110.80K | $0.76 | 84.21K |
| 2023-07-01 | Weisberg Kathleen | Other | 0 | — | — |
| 2023-05-31 | Hrynkow Sharon Hemond | Buy | 41.58K | $1.03 | 42.83K |
| 2023-05-31 | ZIGLAR JAMES W | Buy | 41.58K | $1.03 | 42.83K |
| 2023-05-31 | Shah Sangita | Buy | 41.58K | $1.03 | 42.83K |
| 2023-05-25 | Shah Sangita | Buy | 3.00K | $1.03 | 3.08K |
| 2023-05-24 | Shah Sangita | Buy | 400 | $1.02 | 408 |
| 2023-05-23 | Shah Sangita | Buy | 2.72K | $1.01 | 2.76K |
| 2022-12-20 | Hrynkow Sharon Hemond | Buy | 4.86K | $1.16 | 5.63K |
| 2022-12-20 | Hrynkow Sharon Hemond | Buy | 5.00K | $1.13 | 5.65K |
| 2022-12-19 | ZIGLAR JAMES W | Buy | 10.00K | $1.13 | 11.33K |
| 2022-11-29 | Wild Robert W Jr. | Sell | 4.43K | $1.47 | 6.52K |
| 2022-11-29 | Wild Robert W Jr. | Sell | 4.68K | $1.56 | 7.30K |
| 2022-11-29 | Wild Robert W Jr. | Sell | 0 | — | — |
| 2022-11-29 | Wild Robert W Jr. | Sell | 4.43K | $1.47 | 6.52K |
| 2022-07-01 | ZIGLAR JAMES W | Buy | 14.45K | $1.47 | 21.24K |
| 2022-07-01 | ZIGLAR JAMES W | Buy | 13.61K | $1.47 | 20.00K |
| 2022-07-01 | ZIGLAR JAMES W | Buy | 13.61K | — | — |
| 2022-07-01 | Shah Sangita | Buy | 14.45K | $1.47 | 21.24K |
| 2022-07-01 | Shah Sangita | Buy | 13.61K | — | — |
| 2022-07-01 | Shah Sangita | Buy | 13.61K | $1.47 | 20.00K |
| 2022-04-01 | ZIGLAR JAMES W | Buy | 12.67K | $1.72 | 21.80K |
| 2022-04-01 | ZIGLAR JAMES W | Buy | 11.95K | $1.72 | 20.55K |
| 2022-04-01 | ZIGLAR JAMES W | Buy | 11.95K | — | — |
| 2022-04-01 | Shah Sangita | Buy | 12.67K | $1.72 | 21.80K |
| 2022-04-01 | Shah Sangita | Buy | 11.95K | — | — |
| 2022-04-01 | Shah Sangita | Buy | 11.95K | $1.72 | 20.55K |
| 2022-02-16 | Hrynkow Sharon Hemond | Sell | 0 | — | — |
| 2022-02-16 | Hrynkow Sharon Hemond | Buy | 31.09K | $1.68 | 52.24K |
| 2022-01-03 | Morgan Howard J | Buy | 14.04K | $1.56 | 21.91K |
| 2022-01-03 | Morgan Howard J | Buy | 13.72K | $1.56 | 21.40K |
| 2022-01-03 | ZIGLAR JAMES W | Buy | 14.04K | $1.56 | 21.91K |
| 2022-01-03 | ZIGLAR JAMES W | Buy | 13.72K | $1.56 | 21.40K |
| 2022-01-03 | Shah Sangita | Buy | 14.04K | $1.56 | 21.91K |
| 2022-01-03 | Shah Sangita | Buy | 13.72K | $1.56 | 21.40K |
| 2021-12-13 | Severino Paul Jean | Sell | 2.00K | $1.99 | 3.98K |
| 2021-12-13 | Maiman Mitchell | Sell | 4.00K | $1.73 | 6.92K |
| 2021-11-12 | Maiman Mitchell | Sell | 4.00K | $2.20 | 8.80K |
| 2021-11-08 | Severino Paul Jean | Sell | 2.00K | $2.22 | 4.44K |
| 2021-10-12 | Maiman Mitchell | Sell | 6.00K | $2.13 | 12.80K |
| 2021-10-06 | Severino Paul Jean | Sell | 6.00K | $2.18 | 13.08K |
| 2021-10-01 | Shah Sangita | Buy | 9.90K | $2.39 | 23.66K |
| 2021-10-01 | Shah Sangita | Buy | 9.55K | $2.39 | 22.83K |
| 2021-10-01 | Morgan Howard J | Buy | 9.90K | $2.39 | 23.66K |
| 2021-10-01 | Morgan Howard J | Buy | 9.55K | $2.39 | 22.83K |
| 2021-10-01 | ZIGLAR JAMES W | Buy | 9.90K | $2.39 | 23.66K |
| 2021-10-01 | ZIGLAR JAMES W | Buy | 9.55K | $2.39 | 22.83K |
| 2021-09-13 | Maiman Mitchell | Sell | 6.00K | $2.37 | 14.20K |
| 2021-09-07 | Severino Paul Jean | Sell | 6.00K | $2.47 | 14.84K |
| 2021-09-01 | ZIGLAR JAMES W | Buy | 30.00K | $1.13 | 33.90K |
| 2021-09-01 | ZIGLAR JAMES W | Sell | 30.00K | $1.13 | 33.90K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 94, holders +22 vs prior quarter. Ownership 35.22%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| GALAXY DIGITAL INC. | 8.11M | 0 | 0.00% | 34.22M |
| BLACKROCK, INC. | 3.71M | 3.50M | +1650.72% | 15.66M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.94M | 868.90K | +80.83% | 14.31M |
| ALYESKA INVESTMENT GROUP, L.P. | 3.25M | 0 | 0.00% | 13.72M |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.68M | 1.94M | +262.21% | 11.32M |
| GHISALLO CAPITAL MANAGEMENT LLC | 1.01M | 0 | 0.00% | 4.25M |
| LONG CORRIDOR ASSET MANAGEMENT LTD | 994.16K | 0 | 0.00% | 4.20M |
| STATE STREET CORP | 988.93K | 671.74K | +211.78% | 4.17M |
| WEISS ASSET MANAGEMENT LP | 904.58K | 904.58K | New | 3.82M |
| POLAR ASSET MANAGEMENT PARTNERS INC. | 874.54K | -71.41K | -7.55% | 3.69M |
| CITADEL ADVISORS LLC | 785.78K | 758.78K | +2810.31% | 3.32M |
| NORTHERN TRUST CORP | 474.53K | 329.09K | +226.28% | 2.00M |
| NUVEEN, LLC | 446.25K | 446.25K | New | 1.88M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 415.42K | 415.42K | New | 1.75M |
| VANGUARD FIDUCIARY TRUST CO | 412.32K | 56.84K | +15.99% | 1.74M |
| UBS GROUP AG | 388.01K | 265.19K | +215.91% | 1.64M |
| LAZARD ASSET MANAGEMENT LLC | 201.87K | -197.85K | -49.50% | 851.89K |
| MORGAN STANLEY | 191.90K | 82.11K | +74.79% | 809.80K |
| RENAISSANCE TECHNOLOGIES LLC | 188.85K | -211.37K | -52.81% | 796.96K |
| BANK OF NEW YORK MELLON CORP | 175.12K | 157.39K | +887.60% | 739.01K |
| PARAFI CAPITAL LP | 162.16K | 0 | 0.00% | 684.33K |
| PANTERA CAPITAL PARTNERS LP | 153.07K | -51.02K | -25.00% | 645.96K |
| MOORE CAPITAL MANAGEMENT, LP | 150.00K | -50.00K | -25.00% | 633.00K |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 140.36K | 140.36K | New | 592.32K |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 140.36K | 101.31K | +259.42% | 592.32K |
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