FWDI
Forward Industries, Inc.
FWDI's outlook is improving, though it still trails on the overall score.
LCID
Lucid Group, Inc.
LCID has a slight edge over FWDI overall, supported by stronger fundamentals.
FWDI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Strong |
FWDI's revenue and balance sheet are currently strong, but its profitability and cash flow are weak.
LCID Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
LCID's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
FWDI PE Valuation
FWDI has no meaningful PE right now: it lost money over the past year.
LCID PE Valuation
LCID has no meaningful PE right now: it lost money over the past year.
FWDI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| -- | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for FWDI, with profitability holding steady. However, they disagree widely on these estimates.
LCID Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect LCID's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
FWDI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.28 | — |
| Q2 2026 | -$31.55 | -$27.50 |
| Q1 2026 | -$31.52 | -$27.88 |
| Q4 2025 | -$29.86 | -$27.04 |
| Q3 2025 | -$24.59 | -$22.01 |
| Q2 2025 | -$4.05 | -$0.89 |
| Q1 2025 | -$3.64 | -$0.34 |
| Q4 2024 | -$2.82 | +$0.88 |
| Q3 2024 | -$2.58 | +$1.12 |
FWDI lost $31.55 per share over the past year, and its loss has widened in each of the last seven quarters.
LCID Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$13.08 | -$2.57 |
| Q2 2026 | -$13.65 | -$2.35 |
| Q1 2026 | -$13.15 | -$1.25 |
| Q4 2025 | -$12.09 | +$0.41 |
| Q3 2025 | -$10.51 | +$2.49 |
| Q2 2025 | -$11.30 | +$0.40 |
| Q1 2025 | -$11.90 | +$0.40 |
| Q4 2024 | -$12.50 | +$1.10 |
LCID has the edge over FWDI on earnings, with more consistent year-over-year improvement.
FWDI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $10.8M | +332% |
| Q1 2026 | $13M | +315% |
| Q4 2025 | $21.4M | +224% |
| Q3 2025 | $7.9M | +8.4% |
| Q2 2025 | $2.5M | -68% |
| Q1 2025 | $3.1M | -60% |
| Q4 2024 | $6.6M | -7.5% |
| Q3 2024 | $7.3M | +44% |
FWDI's revenue has grown year over year for four quarters in a row: $11M last quarter, up 332% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -652% | -549 points |
| Q1 2026 | -2192% | -2134 points |
| Q4 2025 | -2723% | -2712 points |
| Q3 2025 | -39% | -31 points |
| Q2 2025 | -103% | -98 points |
| Q1 2025 | -58% | -51 points |
| Q4 2024 | -11% | -5.4 points |
| Q3 2024 | -8.6% | -48 points |
FWDI's operating margin was −652% last quarter, down 549 points from the same quarter a year ago, near the bottom of its range since 2019.
LCID Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $350.3M | +4.1% |
| Q2 2026 | $405.3M | +56% |
| Q1 2026 | $282.5M | +20% |
| Q4 2025 | $522.7M | +123% |
| Q3 2025 | $336.6M | +68% |
| Q2 2025 | $259.4M | +29% |
| Q1 2025 | $235M | +36% |
| Q4 2024 | $234.5M | +49% |
LCID has the edge over FWDI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -245% | +35 points |
| Q2 2026 | -267% | +43 points |
| Q1 2026 | -350% | -56 points |
| Q4 2025 | -204% | +109 points |
| Q3 2025 | -280% | +105 points |
| Q2 2025 | -310% | +83 points |
| Q1 2025 | -294% | +128 points |
| Q4 2024 | -313% | +156 points |
LCID has the edge over FWDI on profitability, with a higher operating margin.
FWDI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$3.4M | -$2.1M |
| Q1 2026 | -$4.8M | -$4.2M |
| Q4 2025 | -$7.9M | -$7.5M |
| Q3 2025 | -$2.3M | -597% |
| Q2 2025 | -$1.2M | -379% |
| Q1 2025 | -$563.2K | +$101.7K |
| Q4 2024 | -$415.6K | -531% |
| Q3 2024 | $463.7K | +1% |
FWDI has the edge over LCID on cash flow, with more consistent year-over-year improvement.
LCID Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1B | -$84.2M |
| Q2 2026 | -$1.5B | -$463.2M |
| Q1 2026 | -$1.4B | -$849M |
| Q4 2025 | -$1.2B | -$417.1M |
| Q3 2025 | -$955.5M | -$333M |
| Q2 2025 | -$1B | -$271.6M |
| Q1 2025 | -$589.9M | +$125.1M |
| Q4 2024 | -$824.8M | -$77.6M |
LCID has burned cash in almost every quarter: −$5.2B over the past year, against −$3.4B the year before.
FWDI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -8.7% | -8.2M shares |
| 1 year | +7774% | +85.6M shares |
| 3 years | +8517% | +85.7M shares |
| 5 years | +8649% | +85.7M shares |
| Available history | +8995% | +85.7M shares |
FWDI has 87M diluted shares, up 7774% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $11.8M |
| Q1 2026 | $47.1M |
| Q4 2025 | $10.9M |
LCID Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.3% | +12.5M shares |
| 1 year | +26% | +82.4M shares |
| 3 years | +73% | +166M shares |
LCID has the edge over FWDI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | $2.2M |
| Q1 2020 | — |
FWDI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2024 | -1.9x | Net Cash |
| Q1 2024 | -1.7x | Net Cash |
| Q4 2023 | -3.9x | Net Cash |
| Q3 2023 | -4.4x | Net Cash |
| Q1 2022 | -0.1x | Net Cash |
FWDI has more cash than debt.
LCID Net Leverage
LCID's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
FWDI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 37.8 | Neutral |
FWDI's weekly RSI is 43 (neutral) and its Stochastic is 38 (neutral).
LCID Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.9 | Neutral |
| Stochastic | 7.1 | Oversold |
LCID's weekly RSI is 33 (neutral) and its Stochastic is 7 (oversold).
FWDI PE vs Consumer Cyclical Sector
| Metric | FWDI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
FWDI has no meaningful PE right now: it lost money over the past year.
LCID PE vs Consumer Cyclical Sector
LCID has no meaningful PE right now: it lost money over the past year.
FWDI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.85 | 26% below |
| 20 week MA | $5.80 | 12% below |
| 50 week MA | $5.57 | 8.8% below |
| 100 week MA | $7.85 | 35% below |
| 200 week MA | $7.50 | 32% below |
FWDI is in a downtrend: it's below all five of its weekly moving averages, and 32% below its 200-week average.
LCID Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.53 | 7.9% below |
| 20 week MA | $4.88 | 33% below |
| 50 week MA | $7.33 | 56% below |
| 100 week MA | $15.4 | 79% below |
| 200 week MA | $31.9 | 90% below |
LCID is in a downtrend: it's below all five of its weekly moving averages, and 90% below its 200-week average.
FWDI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.94 | $18.8 | +89% |
| 2021 | $18.8 | $16.0 | -15% |
| 2022 | $16.0 | $11.2 | -30% |
| 2023 | $11.2 | $7.29 | -35% |
| 2024 | $7.29 | $5.16 | -29% |
| 2025 | $5.16 | $7.03 | +36% |
| 2026 YTD | $7.03 | $5.08 | -28% |
FWDI has the edge over LCID on returns for 2026, with the stronger performance.
LCID Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $98.9 | $100.4 | +1.5% |
| 2021 | $100.4 | $376.4 | +275% |
| 2022 | $376.4 | $67.0 | -82% |
| 2023 | $67.0 | $42.1 | -37% |
| 2024 | $42.1 | $32.0 | -24% |
| 2025 | $32.0 | $11.4 | -64% |
| 2026 YTD | $11.4 | $3.25 | -72% |
LCID has finished four years in a row lower, and it's down 72% so far in 2026.