What is Forward Industries, Inc.'s (FWDI) StockRank?

MoatMap's StockRank for Forward Industries, Inc. (FWDI) is 7/100, with a Strong Sell signal. This is a composite score combining Quality (13), Value (25), and Momentum (37) factor ranks across MoatMap's universe of 25,000+ stocks.

Does Forward Industries, Inc. have an economic moat?

Forward Industries, Inc. (FWDI) has a Quality factor score of 13/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Forward Industries, Inc. a buy, hold, or sell?

MoatMap's current signal for Forward Industries, Inc. (FWDI) is Strong Sell, based on a StockRank of 7/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.

What sector is Forward Industries, Inc. in?

Forward Industries, Inc. (FWDI) operates in the Consumer Cyclical sector, specifically the Footwear & Accessories industry (United States).

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FWDI

Strong SellSinker

Forward Industries, Inc. · Consumer Cyclical · United States · $435M · Avg Vol: $11M/d

StockRank

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P/E (TTM)

—

ROE

-461.4%

D/E

0.2x

Dividend %

—

COMPANY DESCRIPTION

Forward Industries, Inc. designs, markets, and distributes carrying cases, bags, and other accessories for a variety of consumer electronics and medical devices. It maintains a niche presence through established relationships with major brands and retailers, offering custom design and manufacturing capabilities. The company is a specialized consumer products firm with a focus on functional and protective accessories, adapting to evolving consumer electronics trends.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	38.2M	36.7M	20.0M	18.2M	-21.9%	53.1M	56.8M	52.0M	69.1%
EPS	-0.02	-0.05	-0.03	-24.59	—	-30.27	—	—	—
Shares	73.8M	73.8M	73.8M	86.1M	+16.7%	73.8M	—	—	—
Debt	5.0M	4.3M	3.4M	2.5M	-20.3%	—	—	—	—
Equity	6.3M	2.6M	3.0M	1.5B	516.8%	—	—	—	—
Op CF	1.5M	1.0M	0.5M	-4.5M	-41.8%	-18.4M	—	—	—
Inv CF	-0.2M	-0.1M	-65.2K	-901.5M	—	—	—	—	—
Fin CF	-0.2M	-0.3M	-0.5M	941.4M	—	—	—	—	—

Loading 1Y...

PRICE (1Y)+56.8%

SMA 50SMA 200

$6.46

RSI (14)

64.3

52W High

$46.00

From 52W High

0.1%

SCORE BREAKDOWN

Quality

ROIC

-29.9%2.4

ROE

-461.4%0.2

GP/Assets

2.5%3.4

Op. Margin

-6.8%8.0

FCF/Assets

n/mN/A

Piotroski

530.8

Int. Cover

-50.0x0.7

D/E Ratio

0.25x66.0

Current Ratio

0.17x0.4

Value

P/E (TTM)

—N/A

EV/EBITDA

56.2x5.3

P/FCF

n/mN/A

P/B

1.0x71.6

P/S

8.8x4.4

Div Yield

—N/A

Momentum

52W High %

14%0.8

RS 6M

16%84.0

SMA 50/200

0.90x25.5

EPS Rev 4W

-11.4%6.1

EPS Rev 12W

—N/A

EPS Improve

+101%71.4

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$435M

P/E (Forward)

32.4x

Gross Margin

70.6%

SECTOR PEERS

Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of FWDI are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
FWDI	Forward Industries, Inc.(you)	$435M	7	Strong Sell
FOSL	Fossil Group, Inc.	$316M	39	Hold
DBI	Designer Brands Inc.	$279M	47	Hold
RCKY	Rocky Brands, Inc.	$342M	63	Hold
VRA	Vera Bradley, Inc.	$94M	54	Hold
WEYS	Weyco Group, Inc.	$434M	97	Strong Buy
WWW	Wolverine World Wide, Inc.	$1.7B	83	Strong Buy
BALY	Bally's Corporation	$476M	4	Strong Sell
NEGG	Newegg Commerce, Inc.	$350M	8	Strong Sell
EVGO	EVgo, Inc.	$434M	1	Strong Sell

Peer medians: ROE 8.4% · P/E 19.7x · Gross margin 36.5%

Forward Industries, Inc. (FWDI): Stock Score Summary

Forward Industries, Inc. (FWDI) has a MoatMap StockRank of 7/100 based on Quality (13/100), Value (25/100), and Momentum (37/100) factor scores. The current signal is STRONG SELL.

Key Financial Metrics

Price	$6.46
Market Cap	$435M
P/E (Forward)	32.36
Price/Book	0.98
Return on Equity	-461.4%
Return on Invested Capital	-29.9%
Debt/Equity	0.25x
Gross Margin	70.6%
Operating Margin	-6.8%
Revenue Growth	332.1%
Free Cash Flow	$15M

Forward Industries, Inc. operates in the Footwear & Accessories industry, part of the Consumer Cyclical sector (United States).

Frequently Asked Questions

What is Forward Industries, Inc.’s (FWDI) StockRank?: MoatMap’s StockRank for Forward Industries, Inc. (FWDI) is 7/100, with a Strong Sell signal. It is a composite of Quality (13), Value (25), and Momentum (37) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does Forward Industries, Inc. have an economic moat?: Forward Industries, Inc. (FWDI) has a Quality factor score of 13/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Forward Industries, Inc. a buy, hold, or sell?: MoatMap’s current signal for Forward Industries, Inc. (FWDI) is Strong Sell, based on a StockRank of 7/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Forward Industries, Inc. in?: Forward Industries, Inc. (FWDI) operates in the Consumer Cyclical sector, specifically the Footwear & Accessories industry (United States).