Faraday Future (FFIE) Stock Drops Amidst Industry Decline

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3 days ago

Faraday Future (FFIE, Financial) experienced a significant stock movement with a 5.22% decline. The stock is currently priced at $1.27 per share, with a trading volume of 1.96516 million shares and a turnover rate of 4.34%. The stock's amplitude reached 6.72%.

Recent financial reports indicate Faraday Future's revenue at $9,000, with a net loss of $77.69 million. The earnings per share (EPS) stand at -$5.05, and the gross profit is at -$21.44 million. The price-to-earnings (P/E) ratio is currently 0.00. No institutional ratings for buy, hold, or sell have been provided for this stock.

Within the automotive manufacturing sector, the overall decline was 1.72%. Notable stocks in the sector include Srivaru Holding Limited, Gogoro Inc, and Li Auto, which saw significant gains. Meanwhile, Volcon, Inc., Mullen Automotive, Inc., and Canoo were more active, with turnover rates of 9.91%, 4.48%, and 4.34%, respectively. Stocks with notable amplitude include Srivaru Holding Limited, Envirotech Vehicles, Inc., and Faraday Future, with amplitudes of 109.86%, 27.22%, and 24.00%, respectively.

Faraday Future Intelligent Electric Inc is a company focused on creating a global shared intelligent mobility ecosystem. It aims to integrate new energy, artificial intelligence, the internet, and shared models to bridge the gaps between the internet, IT, creative, and automotive industries.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.