Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) shares traded 15.75% higher at $1.47 on Wall Street last session.
FFIE stock price is now -38.82% away from the 50-day moving average and -84.59% away from the 200-day moving average. The market capitalization of the company currently stands at $66.64M.
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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 Jun 21 ’24. 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 $1.47. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 21 ’23, Global Chief Exec. Officer Aydt Matthias 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 $1.47. A total of 9.51% of the company’s stock is owned by insiders.
During the past 12 months, Faraday Future Intelligent Electric Inc has had a low of $1.20 and a high of $156.00. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 0.32, and a quick ratio of 0.21. The fifty day moving average price for FFIE is $2.4528 and a two-hundred day moving average price translates $9.598125 for the stock.
The latest earnings results from Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) was released for 2024-06-30. The net profit margin was -59289.57% and return on equity was -152.13% for FFIE. The company reported revenue of $9000.0 for the quarter, compared to $0.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -98.37 percent.
