Forward Industries, Inc.
FWDIConsumer CyclicalNASDAQFootwear & Accessories · Last scanned Sep 9, 2026
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Daily timeframeHeadquartered within the consumer cyclical sector, Forward Industries, Inc. focuses on Footwear & Accessories services and products. Forward Industries, Inc. operates as a Solana (SOL) focused digital asset treasury company. At a $506.6M market cap, Forward Industries, Inc. ranks as a small-cap company within consumer cyclical. The company operates through Digital Assets and Design segments.
Market Cap
$506.6M
Beta
0.89
P/E (TTM)
—
P/E (Fwd)
35.18
EPS (TTM)
$-30.27
EPS (Fwd)
$0.20
ROE
-461.4%
ROA
2.1%
Cash
$13.3M
Total Debt
$118.5M
Free CF
$14.8M
52W Change
-75.0%
Annual Financials
Cash vs Debt
Where FWDI stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, FWDI finished 34.91% above its 150-day moving average ($4.64) and 15.71% above its 200-day moving average ($5.41). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is FWDI overbought or oversold?
At the September 3, 2026 close, FWDI's RSI(14) was 75.5, in overbought territory (above 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
The company holds $13.3M in cash, though total debt stands at $118.5M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. The company generates $14.8M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at -461.4%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.1% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $38.2M (2022) to $18.2M (2025), a 52% decline worth watching.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FWDI.