Faraday Future Intelligent Electric Sees Unusually Large Options Volume (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) saw unusually large options trading on Tuesday. Investors purchased 17,139 call options on the company. This is an increase of 26% compared to the average daily volume of 13,559 call options.

Faraday Future Intelligent Electric Price Performance

Faraday Future Intelligent Electric stock opened at $2.34 on Thursday. Faraday Future Intelligent Electric has a fifty-two week low of $0.83 and a fifty-two week high of $16.28. The company has a quick ratio of 0.26, a current ratio of 0.41 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $1.74.

Faraday Future Intelligent Electric (NASDAQ:FFAI) last posted its earnings results on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter. Faraday Future Intelligent Electric had a negative net margin of 37,269.16% and a negative return on equity of 155.53%. The firm had revenue of $0.32 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Faraday Future Intelligent Electric from a “sell” rating to a “hold” rating in a report on Friday, July 18th.

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.