Forza X1, Inc. (NASDAQ:FRZA) CFO Michael Patrick Dickerson Purchases 48,637 Shares

Forza X1, Inc. (NASDAQ:FRZA) CFO Michael Patrick Dickerson bought 48,637 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average cost of $0.26 per share, with a total value of $12,645.62. Following the acquisition, the chief financial officer now directly owns 48,637 shares of the company’s stock, valued at approximately $12,645.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Forza X1 Price Performance

FRZA stock opened at $0.32 on Thursday. The stock has a market cap of $5.04 million, a price-to-earnings ratio of -0.91 and a beta of 2.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 14.62 and a quick ratio of 14.16. The company has a 50 day simple moving average of $0.28 and a 200 day simple moving average of $0.38. Forza X1, Inc. has a 1 year low of $0.17 and a 1 year high of $0.87.

Forza X1 (NASDAQ:FRZA) last posted its earnings results 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.