Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI – Get Free Report) CEO Yueting Jia sold 8,262 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $2.79, for a total value of $23,050.98. Following the transaction, the chief executive officer owned 17,126 shares in the company, valued at $47,781.54. The trade was a 32.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Faraday Future Intelligent Electric Stock Down 5.2%
FFAI opened at $2.21 on Friday. The stock has a fifty day moving average of $16.19 and a 200-day moving average of $42.30. The company has a market capitalization of $8.53 million, a P/E ratio of -0.01 and a beta of 5.70. Faraday Future Intelligent Electric Inc. has a fifty-two week low of $2.16 and a fifty-two week high of $361.50. The company has a debt-to-equity ratio of 87.14, a quick ratio of 0.36 and a current ratio of 0.38.
Faraday Future Intelligent Electric (NASDAQ:FFAI – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($17.38) EPS for the quarter, beating the consensus estimate of ($61.19) by $43.81. Faraday Future Intelligent Electric had a negative net margin of 21,837.97% and a negative return on equity of 2,531.03%. The business had revenue of $0.84 million for the quarter. On average, equities analysts expect that Faraday Future Intelligent Electric Inc. will post -142.29 EPS for the current year.
Institutional Trading of Faraday Future Intelligent Electric
Analyst Upgrades and Downgrades
FFAI has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Faraday Future Intelligent Electric from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $750.00.
Read Our Latest Analysis on FFAI
About Faraday Future Intelligent Electric
Faraday Future Intelligent Electric (NASDAQ:FFAI) is an American electric vehicle (EV) manufacturer focused on the development and production of high-performance intelligent electric vehicles. Leveraging a proprietary modular platform, the company aims to deliver a seamless and connected driving experience by integrating advanced hardware with its in-house software architecture. Faraday Future’s vehicles are designed to offer luxury appointments, customizable digital displays, and autonomous driving capabilities, positioning the company in the premium segment of the EV market.
Since its founding in 2014, Faraday Future has unveiled its flagship FF 91 model, showcasing rapid acceleration, long-range battery performance, and over-the-air software updates.
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