Faraday Future Intelligent Electric (NASDAQ:FFAI) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Faraday Future Intelligent Electric (NASDAQ:FFAI) received a "sell (D-)" rating from Weiss Ratings, continuing a trend of negative ratings with one analyst also suggesting a "hold" and another a "sell."
• The company reported a net loss of $0.47 EPS during its recent quarterly earnings, with revenues of only $0.05 million and a significantly negative net margin of 54,380.62%.
• CEO Yueting Jia increased their stake in the company by acquiring 98,000 shares at $1.81 each, reflecting confidence in the company's future despite its poor financial performance.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

FFAI has been the subject of a number of other reports. Zacks Research upgraded Faraday Future Intelligent Electric to a "hold" rating in a research report on Wednesday, October 8th. Wall Street Zen cut Faraday Future Intelligent Electric from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce".

Faraday Future Intelligent Electric Price Performance

Faraday Future Intelligent Electric stock traded up $0.00 during midday trading on Tuesday, hitting $1.48. 4,234,505 shares of the company were exchanged, compared to its average volume of 12,349,256. Faraday Future Intelligent Electric has a fifty-two week low of $0.83 and a fifty-two week high of $4.46. The business has a fifty day simple moving average of $1.96 and a two-hundred day simple moving average of $1.64. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.19.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported ($0.47) 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%.

Insider Activity

In related news, CEO Yueting Jia acquired 98,000 shares of the stock in a transaction on Monday, September 8th. The shares were bought at an average price of $1.81 per share, with a total value of $177,380.00. Following the completion of the purchase, the chief executive officer owned 531,838 shares of the company's stock, valued at approximately $962,626.78. This represents a 22.59% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 273,936 shares of company stock valued at $576,028 over the last quarter. Insiders own 0.35% of the company's stock.

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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