Faraday Future Intelligent Electric (NASDAQ:FFAI) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Faraday Future Intelligent Electric (NASDAQ:FFAI) has been downgraded from a "hold" to a "sell" rating by Wall Street Zen.
• The company's quarterly earnings report showed a loss of ($0.47) EPS and significant negative financial metrics, including a net margin of -54,380.62% and return on equity of -187.07%.
• Despite the downgrade, shares of Faraday Future opened at $2.46, reflecting an increase of 11.8% on the same day.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Faraday Future Intelligent Electric Trading Up 11.8%

Shares of FFAI opened at $2.46 on Friday. The firm has a 50-day moving average of $2.12. Faraday Future Intelligent Electric has a 52 week low of $0.83 and a 52 week high of $11.40. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 1.19.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported ($0.47) earnings per share (EPS) for the quarter. The business had revenue of $0.05 million during the quarter. Faraday Future Intelligent Electric had a negative net margin of 54,380.62% and a negative return on equity of 187.07%.

About Faraday Future Intelligent Electric

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was founded in 2014 and is headquartered in Gardena, California.

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