$Faraday Future Intelligent Electric Inc.(FFIE)$ spikes after its reverse split. However, the electric vehicle maker continues to struggle under deteriorating fundamentals with worsening balance sheet and slowing demands. It remains pricey to me for lack of supporting fundamentals that would justify its valuation. Any rally would appear to be another round of short-squeezing by the meme community to make quick bucks on the counter. However, I believe that the rallies will be short-lived, and the downward spiral will resume once the fundamentalists regain command.
Short of any turnaround strategy, I doubt that the shares consolidation is going to save the day for Faraday Future.
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Comments
法拉第未来最近的飙升看起来像是模因交易者的短期行为。除非基本面改善，否则我不会买入。📉
A temporary price increase doesn’t change the fundamental weaknesses. Without a strong turnaround plan, the rally might not last.