--- title: "B. Riley Financial Cuts Forward Industries (NASDAQ:FWDI) Price Target to $7.00" type: "News" locale: "en" url: "https://longbridge.com/en/news/295810087.md" description: "B. Riley Financial lowered its price target on Forward Industries (NASDAQ:FWDI) from $8.00 to $7.00, maintaining a 'buy' rating. Other analysts recently adjusted their views: Cantor Fitzgerald raised its target to $8.00 with an 'overweight' rating, while Zacks upgraded to 'hold'. Conversely, Wall Street Zen downgraded to 'sell', and Weiss Ratings slightly improved its sell rating. The consensus rating remains 'Hold' with an average price target of $7.50." datetime: "2026-08-13T13:48:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295810087.md) - [en](https://longbridge.com/en/news/295810087.md) - [zh-HK](https://longbridge.com/zh-HK/news/295810087.md) --- # B. Riley Financial Cuts Forward Industries (NASDAQ:FWDI) Price Target to $7.00 Forward Industries (NASDAQ:FWDI - Get Free Report) had its price target cut by stock analysts at B. Riley Financial from $8.00 to $7.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley Financial's price target would indicate a potential upside of 61.85% from the company's current price. Get **Forward Industries** alerts: Several other equities research analysts also recently issued reports on FWDI. Cantor Fitzgerald lifted their price target on shares of Forward Industries from $7.90 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday. Zacks Research upgraded Forward Industries to a "hold" rating in a research note on Monday, April 27th. Wall Street Zen cut Forward Industries from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised Forward Industries from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Forward Industries has an average rating of "Hold" and a consensus price target of $7.50. **View Our Latest Stock Report on FWDI** ## Forward Industries Stock Performance Shares of NASDAQ:FWDI opened at $4.33 on Thursday. The business's 50-day simple moving average is $4.23 and its 200 day simple moving average is $4.63. The company has a market cap of $322.99 million, a P/E ratio of -2.11 and a beta of 0.81. Forward Industries has a one year low of $3.48 and a one year high of $46.00. Forward Industries (NASDAQ:FWDI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.84). Forward Industries had a negative net margin of 2,305.12% and a negative return on equity of 21.42%. The firm had revenue of $10.78 million during the quarter. Analysts predict that Forward Industries will post -0.3 earnings per share for the current year. ## Institutional Trading of Forward Industries Hedge funds and other institutional investors have recently bought and sold shares of the company. Galaxy Group Investments LLC acquired a new position in Forward Industries in the fourth quarter worth $53,595,000. J Digital 6 LLC acquired a new stake in shares of Forward Industries during the fourth quarter worth $52,535,000. Multicoin Capital Management LLC bought a new position in shares of Forward Industries in the 4th quarter worth about $52,535,000. Alyeska Investment Group L.P. bought a new position in shares of Forward Industries in the 4th quarter worth about $21,484,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of Forward Industries in the 4th quarter valued at about $8,919,000. ## Forward Industries Company Profile (Get Free Report) Forward Industries, Inc is a company that designs, manufactures and markets protective solutions and accessories for portable electronic devices. Its product range typically includes protective cases, covers, sleeves, holsters and carrying solutions tailored for smartphones, tablets and other consumer electronics, along with related accessory items. The company combines industrial design and materials engineering to produce products that protect devices from impact, abrasion and everyday wear. The business model centers on product design, sourcing and distribution for retail, wholesale and original equipment manufacturer (OEM) channels. ## Featured Articles - Five stocks we like better than Forward Industries - Roku's Ad Business Is Growing—These 3 Stocks Could Be Next - Cleared for Takeoff: Archer Aviation Changes the Math on eVTOL - Voyager Technologies: Space Force Deal Fuels Growth Despite Heavy Cash Burn - Franco-Nevada Earnings: Gold Is Rallying, But Does the Stock Even Care? _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Forward Industries Right Now? Before you consider Forward Industries, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forward Industries wasn't on the list. While Forward Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [FWDI.US](https://longbridge.com/en/quote/FWDI.US.md) - [RILY.US](https://longbridge.com/en/quote/RILY.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [ACHR.US](https://longbridge.com/en/quote/ACHR.US.md) - [FNV.US](https://longbridge.com/en/quote/FNV.US.md) - [RILYL.US](https://longbridge.com/en/quote/RILYL.US.md) - [RILYG.US](https://longbridge.com/en/quote/RILYG.US.md) - [RILYN.US](https://longbridge.com/en/quote/RILYN.US.md) - [RILYK.US](https://longbridge.com/en/quote/RILYK.US.md) - [RILYP.US](https://longbridge.com/en/quote/RILYP.US.md) - [RILYZ.US](https://longbridge.com/en/quote/RILYZ.US.md) - [RILYT.US](https://longbridge.com/en/quote/RILYT.US.md) - [ACHR+.US](https://longbridge.com/en/quote/ACHR+.US.md) ## Related News & Research - [Forward Industries (FWDI) Fiscal Q3 2026 Earnings Call: SOL per Share Rises 9%](https://longbridge.com/en/news/295902214.md) - [Avax One Strengthens Financial Leadership Amid Executive Transition](https://longbridge.com/en/news/296403192.md) - [HRT Financial LP sells Founder Group common shares worth $12,382.24](https://longbridge.com/en/news/296392139.md) - [HRT Financial LP buys 24,050 Founder Group shares for $9,786.35](https://longbridge.com/en/news/296265634.md) - [SLR Investment (NASDAQ:SLRC) Rating Lowered to Hold at B. Riley Financial](https://longbridge.com/en/news/295916785.md)