Wednesday, May 22, 2024 9:49:55 AM
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News Article out today .
Faraday Future Intelligent Electric (NASDAQ:FFIE) is gearing up to report fourth-quarter earnings on May 28, 2024. There’s no question that the electric vehicle (EV) producer has surged to impressive heights recently on the back of last week’s meme stock rally. But in one week, investors will learn what the company’s financials really look like. Before the noteworthy short squeeze that lifted FFIE stock last week, Faraday’s future looked questionable, as the struggling penny stock had spent months gradually trending downward and garnering no momentum.
Now, investors will see if the company truly has long-term growth prospects or if its current momentum will run out during the second half of the year.
FFIE Stock Post Earnings
After more than a week of high momentum, FFIE stock is slipping today. As of this writing, it is down 22% for the day amid some volatility. Even after its initial plunge on May 17, the stock is still up more than 132% for the week. Now, it appears that the momentum may be subsiding. But the company’s upcoming earnings report could be exactly what it needs to spark more momentum.
That said, one factor is still casting some dark shadows over the company. Faraday recently delayed filing its 10-Q report, revealing that it would miss the deadline. As InvestorPlace contributor Larry Ramer reports:
“Faraday disclosed that it would not be able to file its 10-Q with the SEC by the deadline. Filed quarterly, 10-Q forms include “unaudited financial statements” and are supposed to provide investors with “a continuing view of the company’s financial position during the year.” The SEC requires publicly traded companies to file these forms.
Faraday stated that it was unable to file the Form 10-Q on time because its annual report, or Form 10-K, had been delayed. However, the EV maker also indicated that it does not believe “results of operations” changed significantly in the first quarter compared to Q1 2023.”
TIME is an ILLUSION
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TIMING is an actual ART
Recent FFIE News
- Faraday Future Delivers an FF 91 2.0 to First Retail Investor User • Business Wire • 06/13/2024 04:29:00 PM
- Faraday Future Plans to Share Details of its "US-China Automotive Industry Bridge Strategy" in the Next Month or Two and has Received a Grant from Nasdaq for an Extended Stay of Suspension • Business Wire • 05/29/2024 01:25:00 PM
- Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News • IH Market News • 05/29/2024 11:34:18 AM
- Faraday Future Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results • Business Wire • 05/28/2024 10:31:00 PM
- Faraday Future Receives Anticipated Letter from Nasdaq Regarding Form 10-Q • Business Wire • 05/28/2024 08:39:00 PM
- Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News • IH Market News • 05/22/2024 10:37:09 AM
- Faraday Future Announces Fourth Quarter and Full Year 2023 Earnings Webcast Timing • Business Wire • 05/18/2024 04:05:00 AM
- EV & EV-Adjacent Shares On The Move To Continue Monday's Success • AllPennyStocks.com • 05/14/2024 01:40:00 PM
- Faraday Future Issues Statement on Recent Social Media Post • Business Wire • 05/07/2024 06:08:00 AM
- Faraday Future Announces Nasdaq Delisting Determination and Intention to Appeal • Business Wire • 04/26/2024 09:39:00 PM
- Faraday Future Announces Werner Wilhelm as Executive Launch Director • Business Wire • 04/23/2024 06:29:00 AM
- Faraday Future Receives Letter from Nasdaq Regarding Form 10-K Filing • Business Wire • 04/19/2024 11:48:00 PM
- Faraday Future Continues Progress in the Middle East Market with Establishment of a Middle East Sales Entity • Business Wire • 04/09/2024 09:09:00 AM
- Faraday Future Files Lawsuit Against Ding Lei and Affiliated Companies of Human Horizons for Infringement of Trade Secrets and Unfair Competition • Business Wire • 03/04/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 09:15:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 11:01:23 AM
- Faraday Future Announces Reverse Stock Split and Authorized Share Reduction • Business Wire • 02/26/2024 02:00:00 AM
- Faraday Future Announces Updated Master Plan 1.1 to Strategically Position Itself for Growth in 2024 • Business Wire • 02/26/2024 02:00:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:20:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 11:09:26 AM
- Faraday Future Delivers an FF 91 2.0 to Motev, a B2B Co-Creation Partner Founded by Robert Gaskill and Morgan Freeman • Business Wire • 02/07/2024 11:00:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/24/2024 09:30:23 PM
- Faraday Future Completes Nearly 1,600 OTA Upgrades and Product Enhancements on its FF 91 2.0, Including Many New Features Based on User R&D Co-Creation Feedback • Business Wire • 01/22/2024 04:10:00 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 01/10/2024 10:09:16 PM
- Faraday Future Hosts Chinese Automotive Supplier Delegation at its HQ, Discussing Strategic Cooperation Opportunities with the Chinese Supply Chain • Business Wire • 01/04/2024 04:54:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM