Faraday Future Intelligent Electric Target of Unusually Large Options Trading (NASDAQ:FFAI)

Key Points

• Faraday Future Intelligent Electric saw a significant increase in call options trading, with 17,139 options purchased, up 26% from its average volume.
• The company received a rating upgrade from "sell" to "hold" by Wall Street Zen, signaling a more favorable outlook from analysts.
• FFAI shares traded down by 11.2%, closing at $2.39, despite its 1-year high of $16.28 and negative performance in terms of earnings and margins.

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI - Get Free Report) saw some unusual options trading activity on Tuesday. Investors bought 17,139 call options on the stock. This represents an increase of approximately 26% compared to the average volume of 13,559 call options.

Faraday Future Intelligent Electric Trading Down 1.3%

Shares of NASDAQ:FFAI traded down $0.03 during trading on Wednesday, reaching $2.34. The company had a trading volume of 18,091,216 shares, compared to its average volume of 25,375,188. The business's fifty day moving average is $1.71. Faraday Future Intelligent Electric has a twelve month low of $0.83 and a twelve month high of $16.28. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 0.46.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.14) EPS 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 business had revenue of $0.32 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Faraday Future Intelligent Electric from a "sell" rating to a "hold" rating in a research note 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.