Faraday Future Intelligent Electric (NASDAQ:FFAI) Issues Quarterly Earnings Results

Key Points

• Faraday Future Intelligent Electric reported a quarterly EPS of ($0.47) with a significant negative net margin of 37,269.16%.
• The company's stock traded down 3.5% to $2.49, with a twelve month low of $0.83 and a high of $11.40.
• Wall Street analysts upgraded the company from a "sell" rating to a "hold" rating, indicating a potential outlook for growth.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.47) EPS for the quarter, Zacks reports. Faraday Future Intelligent Electric had a negative net margin of 37,269.16% and a negative return on equity of 155.53%.

Faraday Future Intelligent Electric Trading Down 3.5%

NASDAQ:FFAI traded down $0.09 during trading hours on Tuesday, reaching $2.49. 9,091,697 shares of the stock were exchanged, compared to its average volume of 12,488,742. Faraday Future Intelligent Electric has a twelve month low of $0.83 and a twelve month high of $11.40. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. The company's 50 day simple moving average is $2.06.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Faraday Future Intelligent Electric from a "sell" rating to a "hold" rating in a research report on Friday, July 18th.

Faraday Future Intelligent Electric Company Profile

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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