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

Forza X1, Inc. (NASDAQ:FRZA) shares shot up 33.1% during mid-day trading on Thursday . The stock traded as high as $0.21 and last traded at $0.20. 23,400 shares changed 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 Trading Up 33.1 %

The company has a current ratio of 66.38, a quick ratio of 65.85 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.15 million, a P/E ratio of -0.51 and a beta of 1.85. The business has a 50 day moving average of $0.20 and a 200-day moving average of $0.26.

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.