Forza X1, Inc. (NASDAQ:FRZA) CFO Buys $12,645.62 in Stock

Forza X1, Inc. (NASDAQ:FRZA) CFO Michael Patrick Dickerson acquired 48,637 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average price of $0.26 per share, with a total value of $12,645.62. Following the completion of the purchase, the chief financial officer now owns 48,637 shares in the company, valued at $12,645.62. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Forza X1 Stock Performance

Shares of FRZA opened at $0.28 on Friday. The firm has a fifty day moving average of $0.28 and a 200-day moving average of $0.38. The company has a market cap of $4.40 million, a price-to-earnings ratio of -0.80 and a beta of 2.06. 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, Inc. has a 1 year low of $0.17 and a 1 year high of $0.87.

Forza X1 (NASDAQ:FRZA) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter.

About Forza X1

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.