Should I buy or sell Forza X1 stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forza X1 in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FRZA shares. View FRZA analyst ratings or view top-rated stocks .

What is Forza X1's stock price target for 2024?

1 analysts have issued 12 month price targets for Forza X1's stock. Their FRZA share price targets range from $5.00 to $5.00. On average, they expect the company's share price to reach $5.00 in the next twelve months. This suggests a possible upside of 1,057.4% from the stock's current price. View analysts price targets for FRZA or view top-rated stocks among Wall Street analysts .

How have FRZA shares performed in 2024?

Forza X1's stock was trading at $0.5351 at the beginning of 2024. Since then, FRZA stock has decreased by 19.3% and is now trading at $0.4320. View the best growth stocks for 2024 here .

Are investors shorting Forza X1?

Forza X1 saw a increase in short interest in March. As of March 31st, there was short interest totaling 111,900 shares, an increase of 54.8% from the March 15th total of 72,300 shares. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.3% of the company's stock are short sold. View Forza X1's Short Interest .

When is Forza X1's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our FRZA earnings forecast .

How were Forza X1's earnings last quarter?

Forza X1, Inc. (NASDAQ:FRZA) announced its earnings results on Tuesday, March, 26th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.02 million 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 .

NASDAQ:FRZA

Forza X1 (FRZA) Stock Price, News & Analysis

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$0.43

-0.01 (-2.26%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.43
▼
$0.47
50-Day Range: $0.42
▼
$0.62
52-Week Range: $0.40
▼
$3.98

Volume: 26,226 shs
Average Volume: 44,235 shs
Market Capitalization: $6.81 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

Get Forza X1 alerts:

Forza X1 MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1,057.4% Upside
$5.00 Price Target
Short Interest: Healthy
1.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.72 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Forza X1 has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Forza X1 has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.29% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Forza X1 has recently increased by 54.77%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Forza X1 does not currently pay a dividend.
Dividend Growth
Forza X1 does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FRZA.

N/A

News and Social Media Coverage

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Forza X1 insiders have not sold or bought any 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.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Forza X1 is -0.92, 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 -0.92, 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 0.42. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Forza X1 Stock (NASDAQ:FRZA)

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. Forza X1, Inc. is a subsidiary of Twin Vee Powercats Co.

FRZA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FRZA Stock News Headlines

March 28, 2024 | seekingalpha.com

Forza X1, Inc. (FRZA) Q4 2023 Earnings Call Transcript

March 27, 2024 | finance.yahoo.com

Forza X1, Inc. (NASDAQ:FRZA) Q4 2023 Earnings Call Transcript

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 26, 2024 | investorplace.com

FRZA Stock Earnings: Forza X1 Reported Results for Q4 2023

January 31, 2024 | finance.yahoo.com

Forza X1, Inc. Conducts First Foundation Concrete Pour at Future North Carolina Facility

January 11, 2024 | morningstar.com

Forza X1 Inc FRZA

January 11, 2024 | finance.yahoo.com

Avikus, Forza X1, Inc. and Twin Vee PowerCats Co. Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

January 10, 2024 | finanznachrichten.de

Twin Vee PowerCats Co.: Avikus and Aquasport Boats Announce Plans for the Future of Recreational Boating with Autonomous A.I. Technology Partnership

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

November 30, 2023 | finance.yahoo.com

3 Electric Boat Stocks That Will Sail Higher by 2024

November 7, 2023 | finance.yahoo.com

Forza X1, Inc. (NASDAQ:FRZA) Q3 2023 Earnings Call Transcript

November 6, 2023 | msn.com

Forza X1 GAAP EPS of -$0.07

November 6, 2023 | finance.yahoo.com

Forza X1, Inc. Reports Third Quarter Results

October 30, 2023 | finance.yahoo.com

Forza X1, Inc. Announces Third Quarter 2023 Financial Results Call on November 6

October 20, 2023 | baystreet.ca

Forza Begins Building

October 20, 2023 | finance.yahoo.com

Forza X1, Inc. Announces Steel Construction Material for New State-of-the-Art Manufacturing Facility Has Begun to Arrive in Marion, NC

September 28, 2023 | finance.yahoo.com

Forza X1, Inc. Announces Successful Land Acquisition in McDowell County, NC for New State-of-the-Art Manufacturing Facility

September 12, 2023 | msn.com

ThinkEquity Initiates Coverage of Forza X1 (FRZA) with Buy Recommendation

September 8, 2023 | finance.yahoo.com

Forza X1 Completes Beta Test Sea Trial of its 22-Foot F22 Boat on Lake James in North Carolina

September 6, 2023 | finanznachrichten.de

Forza X1, Inc.: Forza X1's F22 Electric Boat Featured in Boat Trader Sea Trial Video

September 6, 2023 | finance.yahoo.com

Forza X1’s F22 Electric Boat Featured in Boat Trader Sea Trial Video

August 31, 2023 | finance.yahoo.com

Forza X1’s Electric Propulsion System and Outboard Motor Selected by Polaris Marine as Polaris Unveils Electric Propulsion on Godfrey and Bennington Pontoon Concept Vessels

August 30, 2023 | finanznachrichten.de

Forza X1, Inc.: Forza X1 Technology and Leadership Recognized in Jupiter and Stuart Magazines' 2023 "Ones to Watch" List

August 30, 2023 | finance.yahoo.com

Forza X1 Technology and Leadership Recognized in Jupiter and Stuart Magazines' 2023 "Ones to Watch" List

August 17, 2023 | seekingalpha.com

FRZA Forza X1, Inc.

August 7, 2023 | finanznachrichten.de

Forza X1, Inc.: Forza X1 Reports Second Quarter Results

August 7, 2023 | finance.yahoo.com

Forza X1 Reports Second Quarter Results

See More Headlines

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Company Calendar

Last Earnings: 3/26/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Ship & boat building & repairing
Sub-Industry: N/A
Current Symbol: NASDAQ:FRZA
CUSIP: N/A
CIK: 1901305
Web: www.forzax1.com
Phone: 772-429-2525
Fax: N/A
Employees: 18
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $5.00
High Stock Price Target: $5.00
Low Stock Price Target: $5.00
Potential Upside/Downside: +1,057.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.47)
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: -15,984.16%
Return on Equity: -37.67%
Return on Assets: -36.49%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 15.86
Quick Ratio: 15.28

Sales & Book Value

Annual Sales: $40,000.00
Price / Sales: 170.21
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.02 per share
Price / Book: 0.42

Miscellaneous

Outstanding Shares: 15,760,000
Free Float: 13,562,000
Market Cap: $6.81 million
Optionable: Not Optionable
Beta: 2.16

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Key Executives

Mr. Joseph Visconti (Age 60)
Executive Chairman of the Board, Interim CEO & Chief of Product Development
Comp: $27.11k
Ms. Carrie L. Gunnerson (Age 48)
CFO and Interim Principal Financial & Accounting Officer
Mr. Daniel Norton
President & Director of Engineering
Mr. Jean-Marc Zanni
Chief Technology Officer
Mr. Chandan R. Chittimalle
Chief Electrical Engineer

Key Competitors

View All Competitors

FRZA Stock Analysis - Frequently Asked Questions

Should I buy or sell Forza X1 stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forza X1 in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FRZA shares.
View FRZA analyst ratings or view top-rated stocks.
What is Forza X1's stock price target for 2024?: 1 analysts have issued 12 month price targets for Forza X1's stock. Their FRZA share price targets range from $5.00 to $5.00. On average, they expect the company's share price to reach $5.00 in the next twelve months. This suggests a possible upside of 1,057.4% from the stock's current price.
View analysts price targets for FRZA or view top-rated stocks among Wall Street analysts.
How have FRZA shares performed in 2024?: Forza X1's stock was trading at $0.5351 at the beginning of 2024. Since then, FRZA stock has decreased by 19.3% and is now trading at $0.4320.
View the best growth stocks for 2024 here.
Are investors shorting Forza X1?: Forza X1 saw a increase in short interest in March. As of March 31st, there was short interest totaling 111,900 shares, an increase of 54.8% from the March 15th total of 72,300 shares. Based on an average daily trading volume, of 46,200 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.3% of the company's stock are short sold.
View Forza X1's Short Interest.

When is Forza X1's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our FRZA earnings forecast.
How were Forza X1's earnings last quarter?: Forza X1, Inc. (NASDAQ:FRZA) announced its earnings results on Tuesday, March, 26th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.02 million 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.

This page (NASDAQ:FRZA) was last updated on 4/20/2024 by MarketBeat.com Staff

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Forza X1 (FRZA) Stock Price, News & Analysis

Forza X1 MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Company Ownership

Earnings and Valuation

About Forza X1 Stock (NASDAQ:FRZA)

FRZA Stock Price History

FRZA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

FRZA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™