Faraday Future Intelligent Electric (NASDAQ:FFAI) CEO Buys $196,871.25 in Stock

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) CEO Yueting Jia purchased 83,775 shares of the company’s stock in a transaction on Monday, August 25th. The stock was bought at an average price of $2.35 per share, for a total transaction of $196,871.25. Following the completion of the purchase, the chief executive officer directly owned 352,238 shares of the company’s stock, valued at $827,759.30. The trade was a 31.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Faraday Future Intelligent Electric Stock Performance

Shares of Faraday Future Intelligent Electric stock opened at $2.38 on Friday. Faraday Future Intelligent Electric Inc. has a 52 week low of $0.83 and a 52 week high of $6.62. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.24 and a current ratio of 0.34. The company has a 50 day moving average of $2.19.

Faraday Future Intelligent Electric (NASDAQ:FFAI) last announced its quarterly earnings results 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 net margin of 54,380.62% and a negative return on equity of 187.07%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Faraday Future Intelligent Electric from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd.

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.