Insider Buying: Faraday Future Intelligent Electric (NASDAQ:FFAI) CEO Acquires 81,600 Shares of Stock

Key Points

• Yueting Jia, CEO of Faraday Future Intelligent Electric, purchased 81,600 shares of stock at $2.17 per share, totaling approximately $177,000, increasing his ownership in the company by 23.17%.
• Following the recent trades, Jia now holds a total of 433,838 shares valued at around $941,428.46.
• The company reported (–$0.47) earnings per share for the last quarter, with a negative return on equity of 187.07% and revenue of only $0.05 million.

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI - Get Free Report) CEO Yueting Jia acquired 81,600 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of $2.17 per share, with a total value of $177,072.00. Following the transaction, the chief executive officer directly owned 433,838 shares in the company, valued at $941,428.46. The trade was a 23.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Yueting Jia also recently made the following trade(s):

• On Monday, August 25th, Yueting Jia acquired 83,775 shares of Faraday Future Intelligent Electric stock. The shares were acquired at an average cost of $2.35 per share, with a total value of $196,871.25.

Faraday Future Intelligent Electric Price Performance

Shares of NASDAQ FFAI traded up $0.01 during trading hours on Wednesday, hitting $2.09. 9,417,110 shares of the company's stock were exchanged, compared to its average volume of 11,936,465. Faraday Future Intelligent Electric Inc. has a 1-year low of $0.83 and a 1-year high of $6.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.24 and a current ratio of 0.34. The firm has a 50-day moving average of $2.25.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The company reported ($0.47) earnings per share for the quarter. Faraday Future Intelligent Electric had a negative return on equity of 187.07% and a negative net margin of 54,380.62%.The business had revenue of $0.05 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Faraday Future Intelligent Electric from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd.

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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