Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI - Get Free Report) traded down 7.3% during mid-day trading on Friday . The company traded as low as $1.37 and last traded at $1.40. 11,205,710 shares changed 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.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Faraday Future Intelligent Electric from a "hold" rating to a "sell" rating in a report on Friday, May 30th.
Check Out Our Latest Report on FFAI
Faraday Future Intelligent Electric Stock Performance
The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 0.46. The firm's fifty day simple moving average is $1.22.
Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share 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%. The firm had revenue of $0.32 million during the quarter.
About Faraday Future Intelligent Electric
(
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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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