NASDAQ:FRZA Forza X1 (FRZA) Stock Forecast, Price & News $0.84 +0.01 (+1.21%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$0.81▼$0.8450-Day Range$0.82▼$1.3452-Week Range$0.80▼$3.98Volume11,801 shsAverage Volume1.00 million shsMarket Capitalization$13.24 millionP/E RatioN/ADividend YieldN/APrice Target$5.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Forza X1 MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside495.9% Upside$5.00 Price TargetShort InterestHealthy1.00% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.85 out of 5 starsConsumer Discretionary Sector221st out of 267 stocksShip & Boat Building & Repairing Industry5th out of 6 stocks 3.5 Analyst's Opinion Consensus RatingForza 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.00, Forza X1 has a forecasted upside of 495.9% from its current price of $0.84.Amount of Analyst CoverageForza X1 has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.00% of the float of Forza X1 has been sold short.Short Interest Ratio / Days to CoverForza X1 has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Forza X1 has recently increased by 94.37%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldForza X1 does not currently pay a dividend.Dividend GrowthForza X1 does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FRZA. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Forza X1 this week, compared to 1 article on an average week.Search Interest2 people have searched for FRZA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows1 people have added Forza X1 to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Forza X1 insiders have not sold or bought any company stock.Percentage Held by Insiders13.92% 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 InstitutionsOnly 0.74% of the stock of Forza X1 is held by institutions. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Forza X1 is -1.42, 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. SectorThe P/E ratio of Forza X1 is -1.42, 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 RatioForza X1 has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Forza X1 (NASDAQ:FRZA) StockForza 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.Read More FRZA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FRZA Stock News HeadlinesSeptember 12, 2023 | msn.comThinkEquity Initiates Coverage of Forza X1 (FRZA) with Buy RecommendationSeptember 8, 2023 | finance.yahoo.comForza X1 Completes Beta Test Sea Trial of its 22-Foot F22 Boat on Lake James in North CarolinaSeptember 26, 2023 | Micro-Cap Stock Trader (Ad)Unlock the treasure on Mount Olympus with this little-known mining stock.Investor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsSeptember 6, 2023 | finanznachrichten.deForza X1, Inc.: Forza X1's F22 Electric Boat Featured in Boat Trader Sea Trial VideoSeptember 6, 2023 | finance.yahoo.comForza X1’s F22 Electric Boat Featured in Boat Trader Sea Trial VideoAugust 31, 2023 | finance.yahoo.comForza X1’s Electric Propulsion System and Outboard Motor Selected by Polaris Marine as Polaris Unveils Electric Propulsion on Godfrey and Bennington Pontoon Concept VesselsAugust 30, 2023 | finanznachrichten.deForza X1, Inc.: Forza X1 Technology and Leadership Recognized in Jupiter and Stuart Magazines' 2023 "Ones to Watch" ListAugust 30, 2023 | finance.yahoo.comForza X1 Technology and Leadership Recognized in Jupiter and Stuart Magazines' 2023 "Ones to Watch" ListSeptember 26, 2023 | Micro-Cap Stock Trader (Ad)U.S. drive to onshore battery supply chains could create big winners in lithiumInvestor Find Lithium Gold and Crush the Bear Market with 32k Metric TonsAugust 17, 2023 | seekingalpha.comFRZA Forza X1, Inc.August 7, 2023 | finanznachrichten.deForza X1, Inc.: Forza X1 Reports Second Quarter ResultsAugust 7, 2023 | finance.yahoo.comForza X1 Reports Second Quarter ResultsAugust 1, 2023 | finance.yahoo.comForza X1, Inc. Announces Second Quarter 2023 Financial Results Call on August 7July 28, 2023 | finanznachrichten.deForza X1, Inc.: Forza X1 Officially Launches F22 Center Console at Forza Electrified Event Held at The Ben Hotel in Downtown West Palm Beach, FloridaJuly 27, 2023 | finance.yahoo.comForza X1 Officially Launches F22 Center Console at Forza Electrified Event Held at The Ben Hotel in Downtown West Palm Beach, FloridaJuly 5, 2023 | finance.yahoo.comForza X1 Electric Boat Receives July 4th News Coverage with WPTV Channel 5 Prior to Company’s Electrified Launch Event This Saturday in West Palm Beach, FloridaJune 14, 2023 | finanznachrichten.deForza X1, Inc.: Forza X1 Announces Closing of Public OfferingJune 14, 2023 | finance.yahoo.comForza X1 Announces Closing of Public OfferingJune 13, 2023 | msn.comWhat's Going On With Forza X1 (FRZA) Stock TodayJune 12, 2023 | finanznachrichten.deForza X1, Inc.: Forza X1 Announces Pricing of $8 Million Public OfferingJune 12, 2023 | msn.comWhy Asset Entities Shares Are Trading Higher By 142%? Here Are Other Stocks Moving In Monday's Mid-Day SessionJune 12, 2023 | benzinga.comForza X1 shares are trading lower after the company announced an $8 million public offering.June 12, 2023 | marketwatch.comForza X1 Shares Drop 45% After Pricing OfferingJune 12, 2023 | markets.businessinsider.comWhy Forza X1 Shares Are Plunging TodayJune 12, 2023 | finance.yahoo.comForza X1 Announces Pricing of $8 Million Public OfferingJune 12, 2023 | finance.yahoo.comForza X1 Receives Order from OneWater Marine Indicating its Intention to Initially Purchase 100 Units of the Company’s 22-Foot Electric BoatsJune 9, 2023 | msn.comScore Over 50% Off Forza Horizon 5 for Xbox and WindowsSee More Headlines Receive FRZA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forza X1 and its competitors with MarketBeat's FREE daily newsletter. Email Address FRZA Company Calendar Last Earnings8/07/2023Today9/26/2023Next Earnings (Estimated)11/06/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Ship & boat building & repairing Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:FRZA CUSIPN/A CIK1901305 Webwww.forzax1.com Phone772-429-2525FaxN/AEmployees17Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.00 High Stock Price Forecast$5.00 Low Stock Price Forecast$5.00 Forecasted Upside/Downside+495.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.59) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-3,630,000.00 Net MarginsN/A Pretax MarginN/A Return on Equity-40.79% Return on Assets-39.72% Debt Debt-to-Equity RatioN/A Current Ratio42.25 Quick Ratio40.97 Sales & Book Value Annual SalesN/A Price / SalesN/A Cash FlowN/A Price / Cash FlowN/A Book Value$1.96 per share Price / Book0.43Miscellaneous Outstanding Shares15,784,000Free Float13,587,000Market Cap$13.24 million OptionableNot Optionable BetaN/A (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Joseph Visconti (Age 59)Exec. Chairman & Chief of Product Devel. Comp: $27.11kMr. Jim Leffew (Age 59)Pres, CEO & Director Comp: $245.31kMs. Carrie L. Gunnerson (Age 47)CFO and Interim Principal Financial & Accounting Officer Mr. Jean-Marc ZanniChief Technology OfficerMr. Chandan R. ChittimalleChief Electrical EngineerKey CompetitorsTwin Vee PowercatsNASDAQ:VEEEVision Marine TechnologiesNASDAQ:VMARMotorsport GamesNASDAQ:MSGMBreraNASDAQ:BREAEpicQuest Education Group InternationalNASDAQ:EEIQView All CompetitorsInsiders & InstitutionsAWM Investment Company Inc.Bought 334,410 shares on 8/11/2023Ownership: 3.200%Kevin SchuylerBought 5,000 shares on 12/22/2022Total: $5,700.00 ($1.14/share)Kevin SchuylerBought 4,332 shares on 12/20/2022Total: $5,198.40 ($1.20/share)Marcia KullBought 4,605 shares on 12/14/2022Total: $6,539.10 ($1.42/share)James Howard LeffewBought 3,000 shares on 12/13/2022Total: $4,260.00 ($1.42/share)View All Insider TransactionsView All Institutional Transactions FRZA Stock - Frequently Asked Questions Should I buy or sell Forza X1 stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forza X1 in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 forecast for 2023? 1 brokerages have issued twelve-month target prices for Forza X1's shares. Their FRZA share price forecasts range from $5.00 to $5.00. On average, they predict the company's share price to reach $5.00 in the next year. This suggests a possible upside of 495.9% 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 2023? Forza X1's stock was trading at $1.28 at the beginning of 2023. Since then, FRZA shares have decreased by 34.5% and is now trading at $0.8390. View the best growth stocks for 2023 here. Are investors shorting Forza X1? Forza X1 saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 86,300 shares, an increase of 94.4% from the August 15th total of 44,400 shares. Based on an average daily trading volume, of 404,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.0% of the company's shares 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 Monday, November 6th 2023. View our FRZA earnings forecast. How were Forza X1's earnings last quarter? Forza X1, Inc. (NASDAQ:FRZA) announced its earnings results on Monday, August, 7th. The company reported ($0.13) earnings per share for the quarter. When did Forza X1 IPO? (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 served as the underwriter for the IPO. What is Forza X1's stock symbol? Forza X1 trades on the NASDAQ under the ticker symbol "FRZA." Who are Forza X1's major shareholders? Forza X1's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include AWM Investment Company Inc. (3.20%). Insiders that own company stock include James Howard Leffew, Kevin Schuyler and Marcia Kull. View institutional ownership trends. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Forza X1's stock price today? One share of FRZA stock can currently be purchased for approximately $0.84. How much money does Forza X1 make? Forza X1 (NASDAQ:FRZA) has a market capitalization of $13.24 million. The company earns $-3,630,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis. How can I contact Forza X1? The official website for the company is www.forzax1.com. The company can be reached via phone at 772-429-2525 or via email at investor@forzax1.com. This page (NASDAQ:FRZA) was last updated on 9/26/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Forza X1, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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