Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI - Get Free Report)'s stock price fell 7.3% on Friday . The stock traded as low as $1.37 and last traded at $1.40. 11,205,710 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 8,926,741 shares. The stock had previously closed at $1.51.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Faraday Future Intelligent Electric from a "hold" rating to a "sell" rating in a research report on Friday, May 30th.
Get Our Latest Report on FFAI
Faraday Future Intelligent Electric Trading Down 7.3%
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 has a fifty day moving average of $1.22.
Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) EPS for the quarter. The company had revenue of $0.32 million for the quarter. Faraday Future Intelligent Electric had a negative return on equity of 155.53% and a negative net margin of 37,269.16%.
Faraday Future Intelligent Electric Company Profile
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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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