Forza X1 (NASDAQ:FRZA) Stock Price Down 3.9%

Forza X1, Inc. (NASDAQ:FRZA) shares fell 3.9% on Wednesday . The company traded as low as $0.62 and last traded at $0.63. 58,582 shares were traded during mid-day trading, a decline of 93% from the average session volume of 848,353 shares. The stock had previously closed at $0.65.

Analyst Ratings Changes

Separately, ThinkEquity initiated coverage on shares of Forza X1 in a research report on Monday, September 11th. They set a “buy” rating and a $5.00 price objective on the stock.

Forza X1 Price Performance

The stock has a market cap of $9.46 million, a P/E ratio of -1.11 and a beta of 2.32. The company has a 50 day simple moving average of $0.71 and a 200-day simple moving average of $1.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Forza X1 stock. Jane Street Group LLC bought a new position in Forza X1, Inc. (NASDAQ:FRZA) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 34,743 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned 0.50% of Forza X1 as of its most recent SEC filing. 0.74% of the stock is owned by hedge funds and other institutional investors.

Forza X1 Company Profile