Faraday Future Intelligent Electric Target of Unusually Large Options Trading (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) was the recipient of some unusual options trading on Thursday. Stock investors purchased 30,360 call options on the stock. This represents an increase of 76% compared to the typical daily volume of 17,241 call options.

Insider Activity

In other news, CEO Yueting Jia bought 98,000 shares of the stock in a transaction on Monday, September 8th. The shares were purchased at an average cost of $1.81 per share, for a total transaction of $177,380.00. Following the completion of the purchase, the chief executive officer directly owned 531,838 shares in the company, valued at $962,626.78. This represents a 22.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 273,936 shares of company stock valued at $576,028 in the last 90 days. Insiders own 0.35% of the company’s stock.

Faraday Future Intelligent Electric Stock Performance

NASDAQ:FFAI opened at $1.41 on Friday. The business’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $1.64. Faraday Future Intelligent Electric has a twelve month low of $0.83 and a twelve month high of $4.46. 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 (NASDAQ:FFAI) last released its quarterly earnings results on Tuesday, August 19th. The company reported ($0.47) earnings per share for the quarter. The business had revenue of $0.05 million during the quarter. Faraday Future Intelligent Electric had a negative net margin of 54,380.62% and a negative return on equity of 187.07%.

Analyst Upgrades and Downgrades

FFAI has been the topic of a number of analyst reports. Wall Street Zen lowered Faraday Future Intelligent Electric from a “hold” rating to a “sell” rating in a research note on Friday, August 22nd. Zacks Research upgraded Faraday Future Intelligent Electric to a “hold” rating in a research note on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Faraday Future Intelligent Electric in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Faraday Future Intelligent Electric Company Profile

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.