In yesterday’s Wall Street session, Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) shares traded at $0.06, up 32.32% from the previous session.
FFIE stock price is now -30.74% away from the 50-day moving average and -99.34% away from the 200-day moving average. The market capitalization of the company currently stands at $2.60M.
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On November 16, 2021, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $10
In other news, Aydt Matthias, Global Chief Exec. Officer bought 1 shares of the company’s stock on Dec 21 ’23. The stock was bought for $100 at an average price of $100.00. Upon completion of the transaction, the Global Chief Exec. Officer now directly owns 1 shares in the company, valued at $0.06. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’23, Global Chief Exec. Officer Chen Xuefeng bought 1 shares of the business’s stock. A total of $100 was incurred on buying the stock at an average price of $100.00. This leaves the insider owning 1 shares of the company worth $0.06. A total of 12.00% of the company’s stock is owned by insiders.
During the past 12 months, Faraday Future Intelligent Electric Inc has had a low of $0.04 and a high of $117.36. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 0.67, and a quick ratio of 0.48.
According to the Auto Manufacturers Company, earnings per share came in at -76.8, missing analysts’ expectations of -43.2 by -33.6. This compares to -$83.02 EPS in the same period last year. The net profit margin was -97190.93% and return on equity was -194.90% for FFIE. For the current quarter, analysts expect FFIE to generate $2.04M in revenue.
