Faraday Future Intelligent Electric (NASDAQ:FFAI) Receives Sell (D-) Rating from Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of Faraday Future Intelligent Electric (NASDAQ:FFAI) in a report issued on Tuesday morning,Weiss Ratings reports.

A number of other equities analysts have also commented on FFAI. Zacks Research raised Faraday Future Intelligent Electric to a “hold” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered Faraday Future Intelligent Electric from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Faraday Future Intelligent Electric Stock Up 1.4%

Faraday Future Intelligent Electric stock opened at $1.50 on Tuesday. The stock’s 50 day moving average is $1.94 and its 200 day moving average is $1.64. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.19. Faraday Future Intelligent Electric has a one year low of $0.83 and a one year high of $4.46.

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

Insider Transactions at Faraday Future Intelligent Electric

In other Faraday Future Intelligent Electric news, CEO Yueting Jia purchased 98,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of $1.81 per share, with a total value of $177,380.00. Following the completion of the purchase, the chief executive officer owned 531,838 shares in the company, valued at $962,626.78. This represents a 22.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 273,936 shares of company stock valued at $576,028 over the last quarter. 0.35% of the stock is currently owned by insiders.

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.