FRZA Stock Price, Forza X1, Inc. Quote, Chart

Market Summary

USD0.38-0.01

Market Closed

-2.56%

FRZA Stock Price

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FRZA RSI Chart

FRZA Valuation

Market Cap

6.0M

Price/Earnings (Trailing)

-1.18

Price/Sales (Trailing)

161.37

EV/EBITDA

1.58

Price/Free Cashflow

-0.76

FRZA Price/Sales (Trailing)

FRZA Profitability

Operating Margin

-178.91%

Return on Equity

-33.65%

Return on Assets

-32.81%

Free Cashflow Yield

-132.14%

FRZA Fundamentals

FRZA Revenue

Revenue (TTM)

37.1K

FRZA Earnings

Earnings (TTM)

-5.1M

Earnings Growth (Yr)

41.76%

Earnings Growth (Qtr)

16.46%

Breaking Down FRZA Revenue

Last 7 days

-9.5%

Last 30 days

-15.6%

Last 90 days

-32.1%

How does FRZA drawdown profile look like?

FRZA Financial Health

Current Ratio

34.24

FRZA Investor Care

Shares Dilution (1Y)

50.84%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	0	0	0	37.1K
2022	0	0	0	0

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Tracking the Latest Insider Buys and Sells of Forza X1, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Aug 17, 2023	visconti joseph c	acquired	49,730	1.00	49,730	executive chairman & cpo
Aug 17, 2023	gunnerson carrie l.	acquired	10,892	1.02	10,679	chief financial officer
Aug 16, 2023	visconti joseph c	acquired	270	1.00	270	executive chairman & cpo
Aug 16, 2023	gunnerson carrie l.	acquired	9,507	1.02	9,321	chief financial officer
Dec 22, 2022	schuyler kevin	bought	5,710	1.142	5,000	-
Dec 20, 2022	schuyler kevin	bought	5,198	1.2	4,332	-
Dec 14, 2022	kull marcia	bought	6,517	1.4154	4,605	-
Dec 13, 2022	leffew james howard	bought	4,260	1.42	3,000	president and ceo
Dec 09, 2022	leffew james howard	bought	294	1.47	200	president and ceo
Dec 08, 2022	visconti joseph c	acquired	28,700	1.435	20,000	executive chairman

Which funds bought or sold FRZA recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	AWM Investment Company, Inc.	reduced	-12.42	-29,287	100,063	0.01%
May 15, 2024	CITADEL ADVISORS LLC	sold off	-100	-7,986	-	-%
May 15, 2024	TWO SIGMA SECURITIES, LLC	new	-	7,019	7,019	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	3.29	-307	3,568	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	sold off	-100	-57.00	-	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	added	68.13	13,000	40,000	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-2,649	20,055	-%
May 13, 2024	UBS Group AG	added	437	2,757	3,484	-%
May 13, 2024	XTX Topco Ltd	sold off	-100	-6,853	-	-%
May 10, 2024	VANGUARD GROUP INC	unchanged	-	-1,962	16,115	-%

Are Funds Buying or Selling FRZA?

Are funds buying FRZA calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FRZA

No. of Funds

Unveiling Forza X1, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 10, 2023	twin vee powercats, co.	66.99%	7e+06	SC 13G/A

Recent SEC filings of Forza X1, Inc.

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 15, 2024	10-Q	Quarterly Report
Apr 11, 2024	3	Insider Trading
Apr 10, 2024	S-8	Employee Benefits Plan
Apr 10, 2024	8-K	Current Report
Apr 03, 2024	8-K	Current Report
Apr 02, 2024	8-K	Current Report
Mar 27, 2024	8-K	Current Report
Mar 27, 2024	10-K	Annual Report
Mar 13, 2024	8-K	Current Report

Peers (Alternatives to Forza X1, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	566.3B	94.7B	14.23%	0.38%	41.6	5.98	10.12%	15.85%
GM	52.9B	174.9B	7.77%	39.09%	4.95	0.3	8.79%	13.26%
F	48.9B	177.5B	1.99%	5.50%	12.43	0.28	7.54%	33.01%
APTV	22.3B	20.1B	18.40%	-13.41%	7.46	1.11	11.06%	348.88%
KMX	11.5B	26.5B	6.25%	-0.44%	23.91	0.43	-10.61%	-1.15%
MID-CAP
BWA	8.4B	14.4B	16.35%	-17.59%	13.76	0.59	5.28%	-36.11%
ALSN	6.6B	3.1B	-5.82%	52.54%	9.78	2.13	8.82%	17.48%
ABG	4.9B	15.4B	13.81%	15.50%	8.56	0.32	2.10%	-39.62%
GT	3.7B	19.7B	8.02%	-9.26%	-5.7	0.19	-5.64%	-9328.57%
ADNT	2.6B	15.2B	3.59%	-19.11%	16.55	0.17	3.04%	1216.67%
SMALL-CAP
BLBD	1.7B	1.3B	55.08%	113.22%	21.39	1.36	26.17%	337.87%
AXL	933.4M	6.2B	14.24%	12.78%	-116.67	0.15	5.67%	-113.75%
CAAS	105.6M	573.5M	-1.13%	-36.48%	2.7	0.18	7.12%	39.36%
WKHS	75.6M	13.1M	41.18%	-74.91%	-0.61	5.77	160.69%	-5.67%
AYRO	5.7M	444.2K	-14.93%	90.00%	-0.18	12.82	-78.61%	-35.63%

Forza X1, Inc. News

Latest updates

Forza X1, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q1	2022Q4
Revenue	-100.0%	-	19.00	19.00	-	-
Cost Of Revenue	37.3%	30.00	22.00	12.00	50.00	142
Gross Profit	19.5%	-29.57	-36.72	7.00	-49.94	-142
Operating Expenses	-17.3%	1,286	1,555	1,259	2,080	1,331
S&GA Expenses	34.2%	277	206	217	355	206
R&D Expenses	-67.2%	169	516	61.00	703	239
Interest Expenses	308.0%	3.00	766*	1.00	291*	1.00
Net Income	16.5%	-1,167	-1,398	-1,046	-2,005	-1,420
Net Income Margin	14.1%	-137.29*	-159.84*	-	-	-
Free Cashflow	-0.3%	-2,750	-2,740	-1,099	-1,782	-1,187

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet									(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2021Q4
Assets	-8.2%	15,531	16,922	17,399	18,322	12,392	14,222	15,019	934	2,233
Current Assets	-21.6%	10,486	13,370	16,243	17,197	11,222	13,287	14,387	308	1,892
Cash Equivalents	1.3%	9,953	9,822	5,439	16,516	10,683	12,767	13,941	258	1,803
Inventory	-18.2%	404	493	778	522	43.00	-	-	17.00	-
Net PPE	43.7%	4,984	3,469	1,052	998	1,022	765	631	378	236
Liabilities	-57.3%	385	901	290	498	356	522	197	58.00	690
Current Liabilities	-63.7%	306	843	226	407	237	453	197	58.00	690
Shareholder's Equity	-5.5%	15,146	16,021	17,110	17,824	12,036	13,700	14,821	876	1,542
Retained Earnings	-11.7%	-11,188	-10,020	-8,622	-7,576	-6,092	-4,087	-2,666	-1,624	-457
Additional Paid-In Capital	1.1%	26,340	26,047	25,717	25,385	18,119	17,777	17,478	2,493	1,993
Shares Outstanding	0%	15,755	15,755	12,580	10,951	10,450	10,450	8,837	7,000	-
Float	-	-	-	-	23,200	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)									(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-344.6%	-1,210	-272	-995	-1,300	-1,582	-1,045	-1,247	-658	-425
Share Based Compensation	-11.2%	293	330	332	342	341	-	159	-	-
Cashflow From Investing	-68.1%	1,425	4,466	-9,969	-24.53	-199	-141	-276	-148	-39.87
Cashflow From Financing	-144.1%	-83.44	189	-112	7,158	-302	14.00	15,207	426	-698

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FRZA Income Statement

2024-03-31

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 0	$ 0
Cost of sales	29,572	49,941
Gross loss	(29,572)	(49,941)
Operating expenses:
Selling, general and administrative	277,052	354,662
Salaries and wages	690,543	862,764
Research and development	169,198	702,648
Professional fees	93,029	124,040
Depreciation	55,945	35,696
Total operating expenses	1,285,767	2,079,810
Loss from operations	(1,315,339)	(2,129,751)
Other income (expense):
Interest expense	(3,125)	(291)
Dividend income	132,347	124,910
Unrealized loss on marketable securities	(16,930)	0
Realized gain on marketable securities	35,210	0
Total other income	147,502	124,619
Income before income tax	(1,167,837)	(2,005,132)
Income taxes provision	0	0
Net loss	$ (1,167,837)	$ (2,005,132)
Basic loss per common share	$ (0.07)	$ (0.19)
Diluted loss per common share	$ (0.07)	$ (0.19)
Weighted average common shares outstanding basic	15,754,774	10,450,000
Weighted average common shares outstanding diluted	15,754,774	10,450,000

FRZA Balance Sheet

2024-03-31

Condensed Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 9,952,749	$ 9,821,531
Marketable securities - available for sale	0	2,981,720
Inventories, net	403,625	493,460
Prepaid expenses and other current assets	129,544	73,508
Total Current Assets	10,485,918	13,370,219
Operating lease right of use asset	52,869	75,147
Security deposit	7,517	7,517
Property and equipment, net	4,984,208	3,468,961
Total Assets	15,530,512	16,921,844
Current Liabilities:
Accounts payable	34,274	86,820
Accrued liabilities	72,778	462,381
Due to affiliated companies	122,322	201,848
Finance leases - current portion	25,230	17,313
Operating lease right of use liability	45,916	68,532
Contract liabilities - customer deposits	5,700	5,700
Total Current Liabilities	306,220	842,594
Finance leases - noncurrent	78,455	58,717
Total Liabilities	384,675	901,311
Commitments (Note 8)
Stockholders' Equity:
Common stock: 100,000,000 authorized; $0.001 par value; 15,784,000 shares issued and 15,754,774 shares outstanding at March 31, 2024 and December 31, 2023	15,784	15,784
Treasury stock, at cost, 29,226	(21,379)	(21,379)
Additional paid in capital	26,340,014	26,046,873
Accumulated deficit	(11,188,582)	(10,020,745)
Total Stockholders' Equity	15,145,837	16,020,533
Total Liabilities and Stockholders' Equity	$ 15,530,512	$ 16,921,844

About Forza X1, Inc.

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. Forza X1, Inc. is a subsidiary of Twin Vee Powercats Co.

CEO	Mr. Jim Leffew
WEBSITE	forzax1.com
INDUSTRY	Autos
EMPLOYEES	17

Forza X1, Inc. Frequently Asked Questions

What is the ticker symbol for Forza X1, Inc.? What does FRZA stand for in stocks?

FRZA is the stock ticker symbol of Forza X1, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Forza X1, Inc. (FRZA)?

As of Fri May 17 2024, market cap of Forza X1, Inc. is 5.99 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FRZA stock?

You can check FRZA's fair value in chart for subscribers.

What is the fair value of FRZA stock?

You can check FRZA's fair value in chart for subscribers. The fair value of Forza X1, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Forza X1, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FRZA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Forza X1, Inc. a good stock to buy?

The fair value guage provides a quick view whether FRZA is over valued or under valued. Whether Forza X1, Inc. is cheap or expensive depends on the assumptions which impact Forza X1, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FRZA.

What is Forza X1, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FRZA's PE ratio (Price to Earnings) is -1.18 and Price to Sales (PS) ratio is 161.37. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FRZA PE ratio will change depending on the future growth rate expectations of investors.