Forza X1 Inc

Company Profile

Forza X1 Inc had its IPO on 2022-08-12 under the ticker symbol FRZA.

The company operates in the Consumer Cyclical sector and Recreational Vehicles industry. Forza X1 Inc has a staff strength of 17 employees.

Stock update

Shares of Forza X1 Inc opened at $0.89 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.87 - $0.89, and closed at $0.87.

This is a -2.01% slip from the previous day's closing price.

A total volume of 76,588 shares were traded at the close of the day’s session.

In the last one week, shares of Forza X1 Inc have slipped by -2.12%.

Forza X1 Inc's Key Ratios

Forza X1 Inc has a market cap of $14.05 million, indicating a price to book ratio of 1.0082 and a price to sales ratio of 0.

In the last 12-months Forza X1 Inc’s revenue was $0 with a gross profit of $-232744 and an EBITDA of $-6138739. The EBITDA ratio measures Forza X1 Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Forza X1 Inc’s operating margin was 0% while its return on assets stood at -40.69% with a return of equity of -63.66%.

In Q2, Forza X1 Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 0%.

Forza X1 Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.35 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Forza X1 Inc’s profitability.

Forza X1 Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of -0.4126. Its price to sales ratio in the trailing 12-months stood at 0.

Forza X1 Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$18.32 million

Total Liabilities

$406873.00

Operating Cash Flow

$0

Capital Expenditure

$24489

Dividend Payout Ratio

0%

Forza X1 Inc ended 2024 with $18.32 million in total assets and $0 in total liabilities. Its intangible assets were valued at $18.32 million while shareholder equity stood at $17.82 million.

Forza X1 Inc ended 2024 with $0 in deferred long-term liabilities, $406873.00 in other current liabilities, 15784.00 in common stock, $-7576418.00 in retained earnings and $0 in goodwill. Its cash balance stood at $16.52 million and cash and short-term investments were $16.52 million. The company’s total short-term debt was $106,368 while long-term debt stood at $0.

Forza X1 Inc’s total current assets stands at $17.20 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $79118.00 and inventory worth $521960.00.

In 2024, Forza X1 Inc's operating cash flow was $0 while its capital expenditure stood at $24489.

Comparatively, Forza X1 Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.87

52-Week High

$3.98

52-Week Low

$0.851

Analyst Target Price

$

Forza X1 Inc stock is currently trading at $0.87 per share. It touched a 52-week high of $3.98 and a 52-week low of $3.98. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $1.13 and 200-day moving average was $1.33 The short ratio stood at 0.23 indicating a short percent outstanding of 0%.

Around 4461.3% of the company’s stock are held by insiders while 37.8% are held by institutions.