Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI - Get Free Report) dropped 6.4% during mid-day trading on Wednesday . The company traded as low as $2.27 and last traded at $2.33. Approximately 12,839,896 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 19,882,962 shares. The stock had previously closed at $2.49.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Faraday Future Intelligent Electric from a "sell" rating to a "hold" rating in a report on Friday, July 18th.
View Our Latest Stock Analysis on FFAI
Faraday Future Intelligent Electric Trading Down 6.4%
The company's fifty day moving average is $2.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.41 and a quick ratio of 0.26.
Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The company reported ($0.47) earnings per share for the quarter. The business had revenue of $0.05 million for the quarter. Faraday Future Intelligent Electric had a negative net margin of 54,380.62% and a negative return on equity of 160.71%.
About Faraday Future Intelligent Electric
(
Get Free Report)
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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