Faraday Future Intelligent Electric (NASDAQ:FFAI) Releases Earnings Results

Faraday Future Intelligent Electric (NASDAQ:FFAI) posted its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, FiscalAI reports. Faraday Future Intelligent Electric had a negative net margin of 74,517.13% and a negative return on equity of 518.14%.

Faraday Future Intelligent Electric Stock Performance

NASDAQ FFAI traded down $0.01 on Wednesday, reaching $0.26. 4,587,952 shares of the company’s stock traded hands, compared to its average volume of 18,992,705. Faraday Future Intelligent Electric has a fifty-two week low of $0.23 and a fifty-two week high of $3.61. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.42 and a current ratio of 0.43. The firm has a market cap of $51.34 million, a price-to-earnings ratio of -0.14 and a beta of 5.38. The stock has a 50 day moving average price of $0.59 and a 200-day moving average price of $1.02.

Analyst Ratings Changes

Several equities analysts have issued reports on FFAI shares. Wall Street Zen raised shares of Faraday Future Intelligent Electric from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a report on Friday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Faraday Future Intelligent Electric presently has an average rating of “Hold” and an average target price of $5.00.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. purchased a new stake in Faraday Future Intelligent Electric in the 3rd quarter worth $9,307,000. Geode Capital Management LLC lifted its holdings in Faraday Future Intelligent Electric by 57.2% during the fourth quarter. Geode Capital Management LLC now owns 3,452,855 shares of the company’s stock valued at $3,522,000 after purchasing an additional 1,255,899 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Faraday Future Intelligent Electric in the third quarter valued at about $3,661,000. State Street Corp grew its position in shares of Faraday Future Intelligent Electric by 28.5% in the fourth quarter. State Street Corp now owns 2,172,408 shares of the company’s stock valued at $2,216,000 after purchasing an additional 482,371 shares during the period. Finally, UBS Group AG purchased a new stake in shares of Faraday Future Intelligent Electric during the third quarter worth about $2,391,000. 71.74% of the stock is currently owned by institutional investors and hedge funds.

Faraday Future Intelligent Electric Company Profile

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.