To The Moon

The company currently has plenty of strikes against it. Indeed, Faraday is dealing with the ongoing threat of losing its spot on the Nasdaq. Last week, the company withdrew its production outlook after a disappointing earnings report. But its financial problems will also likely make investors nervous. As InvestorPlace contributor Josh Enomoto reports:“In a Form 10-K disclosure, the companyissued a going concern risk. Further, management may move to seek bankruptcy protection unless it’s able to

Despite a recent meme stock rally, Faraday Future has too many headwinds, making FFIE stock one of the riskiest in the market right now.

While technology players like Nvidia and Super Micro Computer have dominated the market this year, the business week ending May 17 belongs to electric vehicle manufacturer Faraday Future . If you haven’t heard of the enterprise, you’re not alone. It’s also a sign that if you’re like most investors, you should steer clear of FFIE stock.According to itspublic profile, Faraday is a “shared intelligent mobility ecosystem company.” In early 2021, the company made its public market debut via areverse merger with a special purpose acquisition company . I can probably just end the discussion right here considering how brilliantly these blank-check firms have performed post business combination.Interestingly, theoptions flow screener – which filters exclusively for big block transactions likely made by institutional investors – was abuzz with activity. What was particularly intriguing was that comparing options with bullish and bearish sentiment, the number of transactions with six-digit prem