Forza X1 (NASDAQ:FRZA) Stock Price Up 33.1% – Here’s Why

Forza X1, Inc. (NASDAQ:FRZA) shares were up 33.1% during trading on Wednesday . The stock traded as high as $0.21 and last traded at $0.20. Approximately 23,400 shares changed hands during trading, a decline of 83% from the average daily volume of 139,590 shares. The stock had previously closed at $0.15.

Forza X1 Stock Performance

The company has a market cap of $3.15 million, a PE ratio of -0.51 and a beta of 1.85. The stock has a 50 day simple moving average of $0.21 and a two-hundred day simple moving average of $0.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 66.38 and a quick ratio of 65.85.

Forza X1 Company Profile

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.