Streetbeat News

FRZA

Forza X1, Inc.

https://www.forzax1.com

Industry

Auto - Recreational Vehicles

Forza X1, Inc. focuses on designing, developing, and manufacturing fully electric boats in the United States. It intends to offer its products through a vertically integrated direct-to-consumer system. The company was incorporated in 2021 and is based in Fort Pierce, Florida. Forza X1, Inc. operates as a subsidiary of Twin Vee Powercats Co.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Forza and Twin Vee announced that upon closing, they expect to have over $1 per share in cash, $2 per share in net assets, and no funded debt.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:28 pm

Twin Vee PowerCats Co. and Forza X1, Inc. have announced an all-stock merger agreement. Each holder of Forza common stock will receive 0.61166627 shares of Twin Vee common stock for each Forza share. The transaction is expected to close by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:27 pm

Trading for FRZA was halted at 4:01:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 8:01 pm

Shares of companies within the consumer discretionary sector are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact consumer spending.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:21 pm

The article highlights the pre-market movements of several consumer discretionary stocks on Monday. Notable gainers include Faraday Future, Deckers Outdoor, Cenntro, China Liberal Education, China Automotive Systems, and Ross Stores. On the losing side, Barnes & Noble Education, SRIVARU Holding, Forza X1, Forward Industries, Twin Vee PowerCats, and Jeffs Brands saw declines.

Portfolio Pulse from Benzinga Insights

May 27, 2024 | 12:06 pm

The article highlights the pre-market movements of several consumer discretionary stocks on Friday. Notable gainers include Faraday Future, Zapp Electric Vehicles, Deckers Outdoor, Lanvin Group Holdings, China Automotive Systems, and Naas Technology. On the losing side, Barnes & Noble Education, Phoenix Motor, SRIVARU Holding, Lulus Fashion Lounge, Forza X1, and Jeffs Brands saw significant declines.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 12:07 pm

The article highlights the intraday movements of several consumer discretionary stocks on Thursday. Notable gainers include Chijet Motor Co (CJET), Forza X1 (FRZA), Raytech Holding (RAY), Faraday Future (FFIE), Lulus Fashion Lounge (LVLU), and Cato (CATO). Significant losers include MGO Global (MGOL), Visionary Holdings (GV), Barnes & Noble Education (BNED), Naas Technology (NAAS), Mynd.ai (MYND), and Cheetah Net Supply Chain (CTNT).

Portfolio Pulse from Benzinga Insights

May 23, 2024 | 4:31 pm

Forza X1 shares are trading lower following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:56 am

Forza X1 (NASDAQ:FRZA) reported a Q1 EPS loss of $(0.07), an improvement from $(0.19) per share YoY, with cash reserves of $9.952M.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 11:44 am

In Friday's after-market session, several consumer discretionary stocks showed notable movements. Chijet Motor Co, EZGO Technologies, Worksport, Petco Health and Wellness, Fitell, and Forza X1 were among the gainers, with increases ranging from 2.7% to 5.9%. On the downside, Visionary Holdings, Color Star Tech, Rent the Runway, 2U, Rush Street Interactive, and Jeffs Brands experienced declines between 4.08% and 16.1%. Notably, 2U and Rush Street Interactive's movements followed their Q1 earnings releases.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:31 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.