Streetbeat News

FFIE

Faraday Future Intelligent Electric Inc.

https://www.ff.com

Industry

Auto - Manufacturers

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 incorporated in 2014 and is headquartered in Gardena, California.

Open

1.79

Mkt cap

59M

Volume

1.1M

High

1.80

P/E Ratio

N/A

52-wk high

156.00

Low

1.71

Div yield

N/A

52-wk low

1.52

The article highlights the performance of various consumer discretionary stocks during Wednesday's after-market session. Notable gainers include Sacks Parente Golf (SPGC), Red Robin Gourmet Burgers (RRGB), and Golden Sun Health (GSUN). On the losing side, Faraday Future (FFIE), Lotus Technology (LOT), and American Eagle Outfitters (AEO) saw significant declines.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 8:31 pm

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares plummeted after disappointing FY23 sales results and Nasdaq compliance issues. The company missed sales estimates, withdrew its production target guidance, and received a Nasdaq notice for failing to file a timely 10-Q report. Despite these setbacks, Faraday Future plans to unveil a new strategy and ramp up production of its FF 91 vehicle.

Portfolio Pulse from Vaishali Prayag

May 29, 2024 | 6:43 pm

U.S. stocks traded lower with the S&P 500 down 0.5%. Abercrombie & Fitch reported better-than-expected earnings and raised guidance. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant stock price increases, while Cue Health, American Airlines, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 6:33 pm

Bank of Montreal (NYSE:BMO) shares fell 7.1% after reporting worse-than-expected Q2 earnings. Other notable stock movements include ReShape Lifesciences Inc. (NASDAQ:RSLS) jumping 82.8% due to a new patent, and Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) falling 38.8% after disappointing revenue results.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 5:28 pm

The article highlights the intraday movements of several consumer discretionary stocks on Wednesday. Notable gainers include Chewy, Serve Robotics, Abercrombie & Fitch, Vince Holding, Dick's Sporting Goods, and Fitell. On the losing side, Faraday Future, Yoshitsu Co, Kaixin Holdings, Mingteng International, Jeffs Brands, and GameStop saw significant declines.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 4:31 pm

U.S. stocks traded lower with the Dow Jones falling over 350 points. Advance Auto Parts shares fell over 6% after Q1 results missed sales expectations. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant gains, while Cue Health, American Airlines, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 4:02 pm

U.S. stocks traded lower with the Dow Jones falling over 300 points. Dick's Sporting Goods reported better-than-expected earnings and raised its outlook. ReShape Lifesciences, Brand Engagement Network, and Innovative Eyewear saw significant stock price increases, while Cue Health, AERWINS Technologies, and Faraday Future experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 1:45 pm

Faraday Future is set to share details of its 'US-China Automotive Industry Bridge Strategy,' including Phase 1, in the coming months. The company has also received a Nasdaq grant for an extended suspension pending a hearing.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:27 pm

Ooma, Inc. (NYSE:OOMA) shares surged 17% in pre-market trading after reporting better-than-expected Q1 results and issuing strong guidance for Q2 and FY25. Other notable pre-market movers include ReShape Lifesciences Inc. (NASDAQ:RSLS) up 130.2%, Scorpius Holdings, Inc. (NYSE:SCPX) up 48.7%, and Cue Health Inc. (NASDAQ:HLTH) down 41.9% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 12:07 pm

Faraday Future Intelligent Electric shares are trading lower after the company reported worse-than-expected FY23 sales results and announced the withdrawal of its production target guidance. Additionally, the company received a notice from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:47 am

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