How to Buy Forza X1 Stock
Forza X1 Inc
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.
Forza X1 stock last closed at $0.44, down 1.56% from the previous day, and has decreased 60.63% in one year. It has underperformed other stocks in the Recreational Vehicles industry by 0.43 percentage points. Forza X1 stock is currently +10.25% from its 52-week low of $0.40, and -88.92% from its 52-week high of $3.98.
There are currently 15.75M shares of FRZA outstanding. The market value of FRZA is $6.95M. In the past 24 hours, 7250 FRZA shares were traded.
How to Buy Forza X1 Stock
Wondering how to invest in Forza X1 stock? Here's how.
- Figure out where to buy Forza X1 stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Forza X1 stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Forza X1 stock: The Forza X1 ticker symbol is FRZA. Is Forza X1 stock a good investment? Should you buy shares of FRZA? How do FRZA's underlying business fundamentals look? Do top analysts think Forza X1 is a good buy? Why has FRZA's stock price moved recently? (Hint: Our stock research tools can help you figure out if FRZA is a good stock to buy).
- Make your FRZA trade: Decide if you will purchase FRZA shares at the current market price or use a limit order to buy FRZA stock at a specific price.
- Watch your investment in FRZA: Create a watchlist to key updates about your position in Forza X1 shares.
Step 1: Figure out where to buy Forza X1 stock
You will need an online brokerage account to access the NASDAQ market and buy FRZA stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global markets: From Tech to Healthcare, New York to London — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal info so you are able to invest in FRZA stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to open a new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on the stock trading app, you need to deposit funds:
Check out the walkthrough below if you need help depositing funds into your investment account.
Step 4: Analyze Forza X1 stock
Once you have chosen the best place to buy Forza X1 stock, it's critical to research their stock before you invest, so you actually comprehend the risk as well as the upside.
Forza X1 stock quick numbers
Forza X1 Due Diligence Checks
WallStreetZen was created to help average investors do better fundamental analysis.
You can view all of the due diligence checks on FRZA's stock page.
Is FRZA stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge FRZA's intrinsic value.
Using relative valuations methods:
- FRZA may be undervalued based on its P/B ratio of 0.43x, relative to Recreational Vehicles industry P/B ratio of 2.08x
You can access more valuation research on FRZA's stock here.
FRZA Financial Health Summary
Pros:
- There are more short-term assets than short-term liabilities on the FRZA balance sheet.
- FRZA has cash burn of 6947330. It has sufficient cash and short-term investments to cover this for at least one year.
- FRZA has a low debt to equity ratio of 0.06.
- FRZA has $12.80M in cash and short term investments. This is enough to cover its annual cash burn of $6.95M.
- There are more short-term assets than long-term liabilities on the FRZA balance sheet.
Cons:
- FRZA profit margin has gone down from N/A to -15,984.5% in the past year.
Metrics for Advanced FRZA Traders
Are FRZA executives and large shareholders buying or selling the stock?
Over the past 12 months, insiders at FRZA have bought more shares than they have sold.
Carrie L. Gunnerson, Chief Financial Officer of FRZA, was the latest FRZA insider to buy. They bought $10,892.58 worth of FRZA shares on Aug 17, 2023.
Get more info about who owns FRZA shares here.
Can I rely on FRZA as an income stream?
No, Forza X1 doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your FRZA trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, use a limit order.
Click the Open Trade button and eToro will place your order.
If you require additional help investing in stocks on eToro, click the how to video below:
Step 6: Watch your investment in FRZA
Now that you own some FRZA stock, you'll want to keep up with your new investment.
Add FRZA to a watchlist to see the latest developments about your FRZA stock.
FRZA Feed
How to Buy Stock in Forza X1
To summarize, here are the 6 steps you need to take to buy Forza X1 stock right now:
- Figure out where to buy Forza X1 stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Analyze Forza X1 stock
- Make your FRZA trade
- Watch your investment in FRZA
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Forza X1, add FRZA to your watchlist by clicking the button below.
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