Forza X1 (FRZA) Stock Price, News & Analysis

Company Overview

Forza X1, Inc. focuses on designing, developing, and manufacturing electric boats in the United States. It intends to offer its products through a vertically integrated direct-to-consumer system. Forza X1, Inc. was incorporated in 2021 and is headquartered in Fort Pierce, Florida.

Key Stats

• Today's Range: $0.28 to $0.32
• 50-Day Range: $0.22 to $0.38
• 52-Week Range: $0.17 to $0.87
• Volume: 45,783 shs
• Average Volume: 163,748 shs
• Market Capitalization: $4.40 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Forza X1 Stock Analysis - MarketRank™

Forza X1 scored higher than 48% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Forza X1.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Forza X1 is -0.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forza X1 is -0.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Forza X1 has a P/B Ratio of 0.27. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.34% of the float of Forza X1 has been sold short.

Short Interest Ratio / Days to Cover

Forza X1 has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forza X1 has recently decreased by 63.67%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Forza X1 does not currently pay a dividend.

Dividend Growth

Forza X1 does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.34% of the float of Forza X1 has been sold short.

Short Interest Ratio / Days to Cover

Forza X1 has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forza X1 has recently decreased by 63.67%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.92

News Sentiment

Forza X1 has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Forza X1 this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added Forza X1 to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Forza X1 insiders have bought more of their company's stock than they have sold. Specifically, they have bought $46,672.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

13.92% of the stock of Forza X1 is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 2.83% of the stock of Forza X1 is held by institutions.

FRZA Stock Analysis - Frequently Asked Questions

How have FRZA shares performed this year?

Forza X1's stock was trading at $0.5351 at the beginning of 2024. Since then, FRZA shares have decreased by 47.8% and is now trading at $0.2793.
View the best growth stocks for 2024 here.

How were Forza X1's earnings last quarter?

Forza X1, Inc. (NASDAQ:FRZA) posted its earnings results on Wednesday, August, 14th. The company reported ($0.07) earnings per share for the quarter.

When did Forza X1 IPO?

Forza X1 (FRZA) raised $15 million in an initial public offering on Friday, August 12th 2022. The company issued 3,000,000 shares at a price of $5.00 per share. ThinkEquity acted as the underwriter for the IPO.

How do I buy shares of Forza X1?

Shares of FRZA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/14/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Ship & boat building & repairing
• Sub-Industry: Shipbuilding, Railroad Equipment
• Current Symbol: NASDAQ:FRZA
• CUSIP: N/A
• CIK: 1901305
• Web: www.forzax1.com
• Phone: 772-429-2525
• Fax: N/A
• Employees: 5
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.35)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-5,930,000.00
• Net Margins: N/A
• Pretax Margin: -16,957.89%
• Return on Equity: -31.39%
• Return on Assets: -30.28%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 14.62
• Quick Ratio: 14.16

Sales & Book Value

• Annual Sales: $37,118.00
• Price / Sales: 133.77
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.02 per share
• Price / Book: 0.31

Miscellaneous

• Outstanding Shares: 15,763,000
• Free Float: 13,569,000
• Market Cap: $4.97 million
• Optionable: Not Optionable
• Beta: 2.06