Will Faraday Future Rise On Its Q4 23 Earnings Report?

๐ŸŒŸ๐ŸŒŸ๐ŸŒŸ$Faraday Future Intelligent Electric Inc.(FFIE)$  is set to report its Q4 23 Earnings on May 28.  This is an important event especially for Faraday Future investors to determine if there is any good news for Faraday Future to survive and thrive.

Faraday Future has surged to great heights recently on the back of last week's meme stock rally.   After a week of high momentum, Faraday share price has dropped 2.5% today and in the past 5 days, Faraday is down by 40%.

Faraday has received a letter from Nasdaq dated April 24 2024 that it was not in compliance with the Nasdaq Listing Rule of maintaining at least USD 1 for 10 consecutive trading days.  Faraday has also not filed its 2023 Annual Report on Form 10-K.

Faraday Future is currently trading at USD 1.16 per share which is above the USD 1 per share requirement.  This could allow Faraday to continue trading in Nasdaq but it is hard to determine when its share price could dip below the USD 1 threshold mark.

I am not too optimistic about Faraday Future maintaining this threshold mark as its EV FF91 retails for above USD 300,000 per vehicle at a time when the competition for EVs is rather intense.

So I believe that Faraday Future will be sliding downwards next week post earnings.  The meme stock rally has lost steam just as quickly as it comes. 

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# ๐Ÿ’ฐ Stocks to watch today?(17 Jun)

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  • FranklinMorley
    ยท05-27
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    The recent meme stock rally has also lost momentum.
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    • koolgal:ย 
      Best of luck ๐Ÿ€๐Ÿ€๐Ÿ€๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
      05-28
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    • koolgal:ย 
      Thanks for sharing your valuable insights ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      05-28
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    • koolgal:ย 
      Yes that seems to be the case.
      05-28
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  • [ๆƒŠ่ฎถ]็ญ‰ๅพ…ไธญ
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    • koolgal:ย 
      Best of luck ๐Ÿ€๐Ÿ€๐Ÿ€
      05-27
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  • Taurus Pink
    ยท05-26
    [้พ‡็‰™] [้พ‡็‰™] [้พ‡็‰™]
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    • koolgal:ย 
      Best of luck ๐Ÿ€๐Ÿ€๐Ÿ€
      05-27
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    • koolgal:ย 
      Have a wonderful week ahead ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
      05-27
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    • koolgal:ย 
      Thanks ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      05-27
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  • ่ฐข่ฐขๅˆ†ไบซ
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    • koolgal:ย 
      Best of luck ๐Ÿ€๐Ÿ€๐Ÿ€
      05-25
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    • koolgal:ย 
      Have a wonderful weekend ๐ŸŒˆ๐ŸŒˆ๐ŸŒˆ
      05-25
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    • koolgal:ย 
      My pleasure ๐Ÿ˜๐Ÿ˜๐Ÿ˜
      05-25
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