Forza X1, Inc. (NASDAQ:FRZA – Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 85,200 shares, a decrease of 38.6% from the September 15th total of 138,700 shares. Based on an average trading volume of 237,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.0% of the company’s shares are short sold.
Insider Activity at Forza X1
In related news, Director Kevin Schuyler purchased 90,668 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were acquired at an average cost of $0.30 per share, with a total value of $27,200.40. Following the purchase, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $30,000. This trade represents a 900.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased 199,048 shares of company stock worth $56,366 in the last ninety days. 13.92% of the stock is owned by company insiders.
Forza X1 Stock Down 22.1 %
Shares of Forza X1 stock opened at $0.19 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 14.16 and a current ratio of 14.62. Forza X1 has a 52-week low of $0.17 and a 52-week high of $0.70. The company’s 50 day moving average price is $0.26 and its 200-day moving average price is $0.35. The stock has a market capitalization of $2.99 million, a price-to-earnings ratio of -0.54 and a beta of 2.09.
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.
Featured Stories
- Five stocks we like better than Forza X1
- There Are Different Types of Stock To Invest In
- Caterpillar and Deere Get Analyst Upgrades, Could Move Higher
- What Are Dividends? Buy the Best Dividend Stocks
- 3 Stocks Under $20 for Buy-and-Hold Investors Seeking Growth
- How Investors Can Find the Best Cheap Dividend Stocks
- BlackRock’s Earnings Reveal Market Shift: Why Bonds Are in Favor
Receive News & Ratings for Forza X1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forza X1 and related companies with MarketBeat.com's FREE daily email newsletter.
