Stock Traders Purchase Large Volume of Call Options on Faraday Future Intelligent Electric (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI - Get Free Report) was the target of some unusual options trading on Tuesday. Investors bought 14,786 call options on the stock. This represents an increase of 53% compared to the average volume of 9,634 call options.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Faraday Future Intelligent Electric from a "hold" rating to a "sell" rating in a report on Friday, May 30th.

Faraday Future Intelligent Electric Trading Up 0.6%

Shares of FFAI stock traded up $0.01 during trading hours on Friday, hitting $1.75. The stock had a trading volume of 10,799,294 shares, compared to its average volume of 10,451,647. Faraday Future Intelligent Electric has a one year low of $0.83 and a one year high of $21.89. 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 business has a 50-day simple moving average of $1.40.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $0.32 million for the quarter.

About Faraday Future Intelligent Electric

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.