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

Market Summary

USD0.400.00

Delayedas of 30 Apr 2024, 12:23 pm

0.00%

FRZA Stock Price

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FRZA RSI Chart

FRZA Valuation

Market Cap

6.3M

Price/Earnings (Trailing)

-1.06

Price/Sales (Trailing)

169.78

EV/EBITDA

1.58

Price/Free Cashflow

-0.91

FRZA Price/Sales (Trailing)

FRZA Profitability

Operating Margin

-233.78%

Return on Equity

-37.03%

Return on Assets

-35.06%

Free Cashflow Yield

-110.24%

FRZA Fundamentals

FRZA Revenue

Revenue (TTM)

37.1K

FRZA Earnings

Earnings (TTM)

-5.9M

Earnings Growth (Yr)

1.61%

Earnings Growth (Qtr)

-33.61%

Breaking Down FRZA Revenue

52 Week Range

0.44

(Low)(High)

Last 7 days

-11.1%

Last 30 days

-16.7%

Last 90 days

-27.3%

How does FRZA drawdown profile look like?

FRZA Financial Health

Current Ratio

15.87

FRZA Investor Care

Shares Dilution (1Y)

50.76%

Diluted EPS (TTM)

-0.44

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 11, 2024	VANGUARD GROUP INC	added	7.99	-7,420	18,077	-%
Feb 26, 2024	Virtu Financial LLC	new	-	7,000	7,000	-%
Feb 14, 2024	CITADEL ADVISORS LLC	new	-	7,986	7,986	-%
Feb 14, 2024	AWM Investment Company, Inc.	reduced	-28.37	-138,345	129,350	0.02%
Feb 14, 2024	SABBY MANAGEMENT, LLC	sold off	-100	-83,771,000	-	-%
Feb 14, 2024	BANK OF AMERICA CORP /DE/	new	-	57.00	57.00	-%
Feb 13, 2024	RENAISSANCE TECHNOLOGIES LLC	new	-	27,000	27,000	-%
Feb 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-10,953	22,704	-%
Feb 13, 2024	Tower Research Capital LLC (TRC)	added	5.38	-1,726	3,875	-%
Feb 13, 2024	XTX Topco Ltd	new	-	6,853	6,853	-%

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
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
Mar 13, 2024	3	Insider Trading
Mar 08, 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	536.7B	94.7B	10.39%	18.10%	39.43	5.66	10.12%	15.85%
GM	52.5B	174.9B	1.52%	39.35%	4.91	0.3	8.79%	14.11%
F	50.7B	177.5B	-3.99%	7.32%	12.9	0.29	7.54%	33.01%
APTV	20.2B	20.1B	-9.09%	-29.60%	6.88	1.01	14.65%	394.61%
KMX	10.9B	26.5B	-20.39%	-0.97%	22.78	0.41	-10.61%	-1.15%
MID-CAP
BWA	7.8B	15.0B	-2.91%	-29.92%	12.4	0.52	12.05%	-33.79%
ALSN	6.7B	3.1B	-6.25%	55.95%	9.9	2.16	8.82%	17.48%
ABG	4.5B	15.4B	-7.34%	12.93%	7.88	0.29	2.10%	-39.62%
GT	3.4B	20.1B	-11.73%	13.59%	-5	0.17	-3.55%	-440.59%
ADNT	2.8B	15.4B	-6.59%	-16.76%	13.17	0.18	7.09%	494.44%
SMALL-CAP
BLBD	1.1B	1.2B	-9.96%	84.60%	18.15	0.92	33.91%	215.64%
AXL	885.1M	6.1B	2.72%	5.73%	-26.34	0.15	4.78%	-152.26%
CAAS	108.1M	576.4M	0.85%	-27.38%	2.87	0.19	8.84%	77.79%
WKHS	53.5M	13.1M	-26.09%	-81.96%	-0.43	4.09	160.69%	-5.67%
AYRO	7.0M	498.9K	-16.77%	157.41%	-0.21	14.12	-83.32%	-48.94%

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	2023Q4	2023Q3	2022Q4
Revenue	-100.0%	-	19.00	-
Cost Of Revenue	85.3%	22.00	12.00	142
Gross Profit	-629.3%	-36.72	7.00	-142
Operating Expenses	23.5%	1,555	1,259	1,331
S&GA Expenses	-5.0%	206	217	206
R&D Expenses	750.7%	516	61.00	239
Interest Expenses	-33.0%	766*	1.00	1.00
Net Income	-33.6%	-1,398	-1,046	-1,420
Net Income Margin	-Infinity%	-159.84*	-	-
Free Cashflow	-149.3%	-2,740	-1,099	-1,187

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet								(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2021Q4
Assets	-2.7%	16,922	17,399	18,322	12,392	14,222	15,019	934	2,233
Current Assets	-17.7%	13,370	16,243	17,197	11,222	13,287	14,387	308	1,892
Cash Equivalents	80.6%	9,822	5,439	16,516	10,683	12,767	13,941	258	1,803
Inventory	-36.6%	493	778	522	43.00	-	-	17.00	-
Net PPE	229.8%	3,469	1,052	998	1,022	765	631	378	236
Liabilities	211.1%	901	290	498	356	522	197	58.00	690
Current Liabilities	272.2%	843	226	407	237	453	197	58.00	690
Shareholder's Equity	-6.4%	16,021	17,110	17,824	12,036	13,700	14,821	876	1,542
Retained Earnings	-16.2%	-10,020	-8,622	-7,576	-6,092	-4,087	-2,666	-1,624	-457
Additional Paid-In Capital	1.3%	26,047	25,717	25,385	18,119	17,777	17,478	2,493	1,993
Shares Outstanding	25.2%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	72.6%	-272	-995	-1,300	-1,582	-1,045	-1,247	-658	-425
Share Based Compensation	-0.6%	330	332	342	341	-	159	-	-
Cashflow From Investing	144.8%	4,466	-9,969	-24.53	-199	-141	-276	-148	-39.87
Cashflow From Financing	267.7%	189	-112	7,158	-302	14.00	15,207	426	-698

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FRZA Income Statement

2023-12-31

Statements of Operations - USD ($)	12 Months Ended
Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales - related party	$ 37,118
Cost of sales - related party	33,744
Cost of sales	123,893	232,744
Gross loss	(120,519)	(232,744)
Operating expenses:
Selling, general and administrative	1,112,920	473,900
Salaries and wages	3,279,195	1,770,126
Research and development	1,540,903	957,220
Professional fees	353,996	159,304
Depreciation	185,900	59,965
Total operating expenses	6,472,914	3,420,515
Loss from operations	(6,593,433)	(3,653,259)
Other income (expense):
Interest expense	(3,694)	(3,286)
Interest income	1,401	14,752
Dividend income	507,794	43,294
Unrealized gain on marketable securities	50,878
Realized gain on marketable securities	103,941
Loss on the sale of assets		(31,582)
Total other income	660,320	23,178
Income before income tax	(5,933,113)	(3,630,081)
Income taxes provision
Net loss	$ (5,933,113)	$ (3,630,081)

FRZA Balance Sheet

2023-12-31

Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 9,821,531	$ 12,767,199
Marketable securities - available for sale	2,981,720
Inventories	493,460
Prepaid expenses and other current assets	73,508	519,735
Total Current Assets	13,370,219	13,286,934
Operating lease right of use asset	75,147	162,069
Security deposit	7,517	7,517
Property and equipment, net	3,468,961	765,406
Total Assets	16,921,844	14,221,926
Current Liabilities:
Accounts payable	86,820	99,028
Accrued liabilities	462,381	92,767
Due to affiliated companies	201,848	169,851
Finance leases - current portion	17,313
Operating lease right of use liability	68,532	86,245
Contract liabilities - customer deposits	5,700	5,300
Total Current Liabilities	842,594	453,191
Finance leases - noncurrent	58,717
Operating lease liability - noncurrent		68,532
Total Liabilities	901,311	521,723
Commitments (Note 10)
Stockholders' Equity:
Common stock: 100,000,000 authorized; $0.001 par value; 15,784,000 and 10,450,000 shares issued: 15,754,774 and 10,450,000 outstanding, respectively	15,784	10,450
Treasury stock, at cost, 29,226 and 0 shares, respectively	(21,379)
Additional paid in capital	26,046,873	17,777,385
Accumulated deficit	(10,020,745)	(4,087,632)
Total Stockholders' Equity	16,020,533	13,700,203
Total Liabilities and Stockholders' Equity	$ 16,921,844	$ 14,221,926

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 Mon Apr 29 2024, market cap of Forza X1, Inc. is 6.3 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 Mon Apr 29 2024, FRZA's PE ratio (Price to Earnings) is -1.06 and Price to Sales (PS) ratio is 169.78. 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.