Forza X1 (NASDAQ:FRZA) Trading Up 33.1% – Time to Buy?

Forza X1, Inc. (NASDAQ:FRZAGet Free Report)’s share price was up 33.1% during mid-day trading on Wednesday . The company traded as high as $0.21 and last traded at $0.20. 23,400 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 139,590 shares. The stock had previously closed at $0.15.

Forza X1 Stock Performance

The company has a market capitalization of $3.15 million, a PE ratio of -0.51 and a beta of 1.85. The stock’s 50-day simple moving average is $0.21 and its 200 day simple moving average is $0.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 65.85 and a current ratio of 66.38.

Forza X1 Company Profile

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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.

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