Key Metrics

Market Cap	105.77M
Total Shares Outstanding	72.94M
Book Value	5.1
PE Ratio	-

PS Ratio	196.96
PB Ratio	0.57
Forward PE Ratio	-
ROIC	-99.92

Return on Aseets	-21.42
Return on Equity	-152.13
Dividend	-
Dividend Yield	-

Balancesheet Metrics

Total Assets	449.09M
Total Liability	292.33M
Assets-to-Libability Ratio	1.54

Total Current Assets	79.69M
Total Current Liability	247.88M
Current Ratio	0.32

Quick Ratio	0.21
Debt to Equity Ratio	-

Income Statement Metrics

Net Income
EPS
EBITA

Gross Profit
Gross Profit Margin
Operating Margin

Net Profit Margin

Price Metrics

5 Days MA
10 Days MA
20 Days MA
50 Days MA
200 Days MA

52 Weeks High
52 Weeks low
All Time High

RSI
MACD

Share Stats

Shares Float
Shares Short

% Short
% Insider

% Institutions

% Institutions

News

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.43%, while the S&P 500 index fell 0.89%, and the NASDAQ Composite index decli...
Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.43%, while the S&P 500 index fell 0.89%, and the NASDAQ Composite index declined 1.63%. The best performers of the session on the Dow Jones Industrial Average were JPMorgan Chase&Co (NYSE:JPM), which rose 0.95% or 2.03 points to trade at 216.63 at the close. Meanwhile, American Express Company (NYSE:AXP) added 0.59% or 1.46 points to end at 247.76 and Johnson&Johnson (NYSE:JNJ) was up 0.57% or 0.92 points to 162.35 in late trade. The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 6.12% or 1.31 points to trade at 20.10 at the close. Amazon.com Inc (NASDAQ:AMZN) declined 2.21% or 3.98 points to end at 176.13 and Microsoft Corporation (NASDAQ:MSFT) was down 2.03% or 8.59 points to 415.55. The top performers on the S&P 500 were Franklin Resources Inc (NYSE:BEN) which rose 4.55% to 20.68, Nordson Corporation (NASDAQ:NDSN) which was up 3.33% to settle at 256.03 and CenterPoint Energy Inc (NYSE:CNP) which gained 3.06% to close at 26.94. The worst performers were Moderna Inc (NASDAQ:MRNA) which was down 6.47% to 81.04 in late trade, Intel Corporation (NASDAQ:INTC) which lost 6.12% to settle at 20.10 and Tesla Inc (NASDAQ:TSLA) which was down 5.65% to 210.66 at the close. The top performers on the NASDAQ Composite were Staffing 360 Solutions Inc (NASDAQ:STAF) which rose 155.00% to 3.06, Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) which was up 123.96% to settle at 8.04 and GD Culture Group Ltd (NASDAQ:GDC) which gained 97.71% to close at 7.75. The worst performers were Revelation Biosciences Inc (NASDAQ:REVB) which was down 40.19% to 1.25 in late trade, Vision Marine Technologies Inc (NASDAQ:VMAR) which lost 30.00% to settle at 4.20 and Holdco Nuvo Group DG Ltd (NASDAQ:NUVO) which was down 27.03% to 0.27 at the close. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1894 to 932 and 93 ended unchanged; on the Nasdaq Stock Exchange, 2229 fell and 1080 advanced, while 131 ended unchanged. Shares in Vision Marine Technologies Inc (NASDAQ:VMAR) fell to all time lows; losing 30.00% or 1.80 to 4.20. Shares in GD Culture Group Ltd (NASDAQ:GDC) rose to 52-week highs; up 97.71% or 3.83 to 7.75. Shares in Holdco Nuvo Group DG Ltd (NASDAQ:NUVO) fell to all time lows; falling 27.03% or 0.10 to 0.27. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.87% to 17.55. Story continues Gold Futures for December delivery was down 1.08% or 27.55 to $2,519.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.40% or 1.01 to hit $72.94 a barrel, while the October Brent oil contract rose 1.39% or 1.06 to trade at $77.11 a barrel. EUR/USD was unchanged 0.37% to 1.11, while USD/JPY rose 0.75% to 146.35. The US Dollar Index Futures was up 0.51% at 101.42. Related Articles U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43% AstraZeneca warns of moving UK vaccine production to US, FT reports Arizona man wanted for threatening to kill Trump View comments
AMZN AXP BEN CNP COMP FFIE GDC | finance.yahoo | about 7 months ago | Neutral

Last-Ditch Efforts: Can Faraday Future Survive Its Looming Deadlines?The clock is ticking for Faraday Future Intelligent Electric (NASDAQ:FFIE). The upscale electric vehicle manufacturer faces several important deadlines in the weeks ahead. It has to get all of its Securities & Exchange Commission (SEC) filings submitted by July 31 to come into compliance with Nasda...
The clock is ticking for Faraday Future Intelligent Electric (NASDAQ:FFIE). The upscale electric vehicle manufacturer faces several important deadlines in the weeks ahead. It has to get all of its Securities & Exchange Commission (SEC) filings submitted by July 31 to come into compliance with Nasdaq listing requirements. And then it has to boost its share price above $1 for 10 consecutive days by Aug. 31. Otherwise, Faraday Future stock will be booted to the pink sheets. Even if Faraday Future is successful, which, given recent comments by CEO Matthias Aydt, it seems it will be, that’s not the only hurdle confronting the EV maker. The company is in desperate need of money to survive. InvestorPlace - Stock Market News, Stock Advice & Trading Tips To achieve that, the EV stock is tearing pages out of the playbook used by Lucid Group (NASDAQ:LCID) and Rivian Automotive (NASDAQ:RIVN) . If FFIE is succesful, it means not only will Faraday Future live but arguably could even grow. If that’s the case, should investors buy Faraday Future stock now on the chance for a rebound? Let’s find out. The Countdown Begins The luxury EV car company has until the end of the month to get all its late quarterly reports in order. According to comments made at an all-hands meeting of Faraday Future employees, CEO Aydt indicated the company will get it done. It will then need to file its second-quarter report in a timely fashion soon after. The next hurdle is getting approval for the reverse stock split at Faraday Future’s annual shareholder meeting. If investors approve the measure and the board of directors signs off, the EV maker will merge its outstanding shares into a smaller number, which will have the effect of raising the stock price. This is not the first time Faraday Future stock was the subject of a reverse split. It effected a 1-for-80 split just last year. While it spared the company a delisting at the time, the long-term benefit was obviously fleeting as it needs to perform another one now. Assuming the new split boosts the stock high enough that it can stay about the $1 per share threshold for 10 days, Faraday Future stock will live to fight another day — until it needs to do the next reverse split. That’s why the EV maker has a Plan B and apparently a Plan C ready to go. Following Rivian’s Lead Faraday Future recently laid out its two-home-market/two-brand plan. It will allow Chinese electric vehicles into the U.S. to be built at Faraday Future’s California factory and let Faraday put the technology going into its luxury FF91 EV into more mass-market vehicles. That’s a page from the Rivian playbook Story continues Rivian wants to take its proprietary advanced electronic control units (ECUs) and software that is used in its own vehicles and sell it to other automakers. Because cars are essentially rolling computers, they require dozens of (or sometimes even more than 100) ECUs to operate a vehicle. Rivian’s technology consolidates that amount, making the vehicles more cost-effective. If Faraday Future can similarly sell its technology to other auto manufacturers, it can have a secondary stream of revenue. But it’s the page from Lucid’s playbook that could be the one that allows Faraday Future to survive. Stealing Ideas From Lucid The high-end automaker is looking for an investment from the United Arab Emirates to fund development of an electric auto industry from the ground up using Faraday Future vehicles. Lucid is doing a similar thing where it ships EV parts to Saudi Arabia for assembly. The Saudi’s sovereign wealth fund has injected billions of dollars into Lucid and it is what keeps the EV maker afloat. If Faraday Future can do that in the UAE, it may survive. It still needs to figure out how to sell EVs elsewhere. Only sold four of its FF91 EVs last year. Aydt says he has been traveling to the UAE so often lately he has become a Platinum air miles member. But if he can attract billions of dollars in investments as the country tries to pivot away from oil, Faraday Future stock could grow. The Bottom Line Unfortunately, these are not the plans of a thriving company. None of them might come to fruition. Heck, Faraday might not even make its filing deadline, or its artificially inflated stock could immediately collapse. There is a formation of some hope that Faraday Future stock might survive. But that is no basis for an investment. Investors should stay on the sidelines and avoid the EV maker at all costs. On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets. More From InvestorPlace Legendary Investor Predicts: “Forget AI... THIS Technology Is the Future” The post Last-Ditch Efforts: Can Faraday Future Survive Its Looming Deadlines? appeared first on InvestorPlace. View comments
FFIE LCID RIVN | finance.yahoo | about 8 months ago | Neutral

7 Struggling EV Stocks to Sell Before They Head to ZeroThe electric vehicle industry has been struggling, and it is easy to argue that most EV stocks are worth selling at this point. Rate cuts are unlikely to be fast enough, barring a recession, which would be even worse for EVs. With that in mind, it makes sense to look for EV stocks to sell before the...
The electric vehicle industry has been struggling, and it is easy to argue that most EV stocks are worth selling at this point. Rate cuts are unlikely to be fast enough, barring a recession, which would be even worse for EVs. With that in mind, it makes sense to look for EV stocks to sell before the lights go out. EV startups should be the top candidates if you are looking for EV stocks to sell. These companies have been some of the worst performers in the market so far. They are perpetually diluting their shareholders and burning huge amounts of cash with only a few dozen units to show for it. And, even those units are sold at negative margins. With that in mind, here are seven EV stocks to sell. InvestorPlace - Stock Market News, Stock Advice & Trading Tips VinFast Auto (VFS) Person holding mobile phone with logo of Vietnamese car manufacturer VinFast (VFS) on screen in front of business web page. Focus on phone display. Unmodified photo. Source: T. Schneider / Shutterstock.com VinFast Auto (NASDAQ:VFS) is a Vietnamese electric vehicle manufacturer that has seen its hype train derail spectacularly over the past year. Once touted as a potential EV juggernaut, VinFast’s dirt-cheap labor costs and massive addressable market in Southeast Asia had investors salivating over its export potential. However, the curtain has been pulled back to reveal a company hemorrhaging cash at an alarming rate with no clear path to profitability. In Q1, VinFast delivered a paltry 9,689 vehicles globally, a rounding error compared to established automakers. While this represented 444% year-over-year growth, it’s building from an extremely low base. Management’s full-year target of 100,000 deliveries seems like a pipe dream, considering the sluggish 2,421 quarterly run rate. VinFast’s VF 5 and VF 6 models accounted for the bulk of sales. Despite management’s rosy outlook, macroeconomic headwinds and fading EV exuberance will likely keep VinFast’s sales stuck in neutral for the foreseeable future. I have little confidence this cash-burning machine can achieve sustainable profitability before diluting equity holders into oblivion. Lucid Group (LCID) Lucid Air Touring sedan display at the Service Center. Lucid Motors (LCID) is a manufacturer of luxury EV Electric Vehicles. Source: Jonathan Weiss / Shutterstock.com Lucid Group (NASDAQ:LCID) manufactures luxury electric vehicles, but I believe this EV startup is a prime example of a struggling company that investors should avoid. Saudi money is unlikely to keep it afloat forever. In Q1, Lucid missed on both the top and bottom-lines, with EPS of -30 cents missing by 5 cents and revenue of $172.74 million missing by $9.74 million. While deliveries were up 39.9% YOY, Lucid only expects to produce about 9,000 vehicles in 2024. That’s a drop in the bucket compared to Tesla’s (NASDAQ:TSLA) production. Story continues Sure, Lucid touts its superior technology and steadfast support from Saudi Arabia’s PIF. But the reality is that this company is burning cash at an alarming rate. Lucid had to raise another $1 billion just to keep the lights on this quarter, and it will need more! Even with the U.S. subsidies and tariffs currently propping up American EV companies, I don’t believe Lucid can compete with Tesla in the long run. Throw in the uncertainty around the 2024 elections and potential rollback of EV subsidies, and Lucid looks like a sinking ship. Faraday Future Intelligent Electric (FFIE) Mobile phone with logo of electric vehicle company Faraday Future Inc. on screen in front of website. Focus on center-right of phone display. Unmodified photo. FFIE stock Source: T. Schneider / Shutterstock.com Faraday Future (NASDAQ:FFIE) develops and manufactures ultra-luxury electric vehicles, but that’s about the only positive thing I can say about this struggling company. The company delivered a measly 11 vehicles to date. That’s not a typo. The company’s flagship FF 91 2.0 costs an eye-watering $309,000, which is enough to buy nearly six Teslas with similar specs. It’s hard to imagine any significant demand at those astronomical prices, especially considering the FF 91 is already outdated by several years in its capabilities. Faraday Future’s financials paint an even bleaker picture. The company racked up a staggering $1.5 billion in net losses over the past three years while burning through cash at an alarming rate. As of now, Faraday has less than $2 million in cash remaining, which is barely enough to keep the lights on, let alone scale vehicle production. FFIE cash losses chart. EV stocks to sell Click to Enlarge Source: Chart courtesy of GuruFocus.com To make matters worse, Faraday Future is caught in a vicious cycle of dilution and reverse stock splits that are rapidly eroding shareholder value. In fact, management just proposed another reverse split ranging between 1-for-2 to 1-for-40 shares. That’s not the kind of financial engineering that instills confidence. Given these immense challenges, I struggle to see how Faraday Future can avoid bankruptcy in the coming months. The company is essentially trying to sell an overpriced, outdated product to a minuscule market while hemorrhaging cash. That’s a recipe for disaster in my book, placing FFIE among EV stocks to sell. Nikola (NKLA) Nikola (NKLA) company logo on a website with blurry stock market developments in the background, seen on a computer screen through a magnifying glass. Source: Dennis Diatel / Shutterstock.com Nikola Corporation (NASDAQ:NKLA) manufactures electric and hydrogen-powered trucks. The company reported a disappointing Q1 2024, with revenue of just $7.5 million, missing estimates by a staggering $7.83 million. This 32.56% YOY decline highlights the immense challenges Nikola faces in its niche market. I believe Nikola’s focus on electric and hydrogen trucks is simply too far ahead of its time. The technology isn’t there yet to make these vehicles viable for most companies. Battery limitations severely hinder the practicality of electric trucks, while hydrogen infrastructure remains scarce. Nikola’s venture into EV military vehicles seems even more far-fetched in the current landscape. The company’s future looks bleak, with mounting losses and dwindling cash reserves. Nikola burned through $131 million in Q1 alone. I wouldn’t be surprised to see them file for bankruptcy protection in the coming quarters as they struggle to stay afloat. Unless EV subsidies ramp up significantly, I don’t see how Nikola can compete against traditional trucks. Companies adopting Nikola’s offerings would likely destroy their bottom-lines. Rivian Automotive (RIVN) Rivian (RIVN) logo is seen at a Rivian service center in South San Francisco, California. Rivian Automotive, Inc. is an electric vehicle automaker. Source: Tada Images / Shutterstock.com Rivian Automotive (NASDAQ:RIVN) builds and sells electric pickup trucks, SUVs and delivery vans. Despite growing its market share to 5.1% and becoming the fifth best-selling EV maker in the U.S. in Q1, I believe Rivian faces an uphill battle. The company posted a staggering net loss of $1.45 billion in the quarter, which is simply unsustainable. Yes, Rivian still has a sizable $7.9 billion cash buffer, but at this burn rate, bankruptcy isn’t out of the question. I’m skeptical about Rivian’s path to profitability without significantly raising prices, which the current market won’t support. And if EV subsidies get cut, Rivian’s challenges will only intensify. The stock is also seeing substantial dilution, so even in a best-case scenario, shareholders might not see meaningful returns. While Rivian’s vehicles are impressive, and the brand is gaining traction, I think the company is biting off more than it can chew. ChargePoint Holdings (CHPT) A close-up of an orange ChargePoint (CHPT) station. Source: JL IMAGES / Shutterstock.com ChargePoint (NYSE:CHPT) provides EV charging solutions. But this stock is one to sell before it plummets to zero. The company has been hemorrhaging market share over the past few quarters as it struggles with deep unprofitability. ChargePoint’s revenue in Q1 was only $107 million, a concerning 18% YOY decline. Gross margins inched up to a meager 24%, while its adjusted EBITDA loss was still an abysmal $36 million. Management seems to be grasping at straws, touting “large deals” later this year to achieve EBITDA breakeven by Q4. However, I have little faith in this pipe dream, considering ChargePoint’s track record of overpromising and underdelivering. The reality is that ChargePoint is simply outmatched by bigger, more competitive players in the EV charging space. Dilution is already on the rise here. CHPT shares outstanding Click to Enlarge Source: Chart courtesy of GuruFocus.com With EV adoption still in the early innings, ChargePoint will likely run out of cash and declare bankruptcy long before industry tailwinds can rescue its business model. Innoviz Technologies (INVZ) In this photo illustration the Innoviz Technologies (INVZ) logo is displayed on a smartphone. Source: rafapress / Shutterstock.com Innoviz Technologies (NASDAQ:INVZ) makes LiDAR sensors and perception software for autonomous vehicles. I’m very bullish on the LiDAR sector’s long-term potential, but that doesn’t mean every company is a smart bet. Innoviz is one struggling EV stock I would sell before it potentially heads to zero. The stock has plunged 64.7% in the past year as net losses hit $30.1 million in Q1 alone. With just $123.4 million in cash left, I don’t believe Innoviz has the funds to survive long enough to turn profitable. While Innoviz scored early wins with BMW (OTCMKTS:BMWYY) and VW (OTCMKTS:VWAGY), competition is rapidly intensifying. Rivals are also launching Level 3 autonomy and aggressively pursuing the same automakers. Meanwhile, Innoviz is burning cash supporting these complex rollouts across the globe. Gross margins improved to just 17% but remain concerningly low. I view INVZ as one of the EV stocks you will want to sell now. On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post 7 Struggling EV Stocks to Sell Before They Head to Zero appeared first on InvestorPlace. View comments
CHPT FFIE INVZ LCID NKLA RIVN TSLA VFS | finance.yahoo | about 9 months ago | Neutral

Massive Bankruptcy News Crushes EV StocksElectric vehicle (EV) stocks cratered this week after Fisker filed for bankruptcy. The troubled automaker never got off the ground after a promising vehicle was plagued by poor software. While a failure doesn't say much about the other operators in the industry, it doesn't bode well for the market's...
Electric vehicle (EV) stocks cratered this week after Fisker filed for bankruptcy. The troubled automaker never got off the ground after a promising vehicle was plagued by poor software. While a failure doesn't say much about the other operators in the industry, it doesn't bode well for the market's willingness to fund EV losses long-term. According to data provided by S&P Global Market Intelligence, EV makers Faraday Future Intelligent Electric(NASDAQ: FFIE) fell as much as 26.9% and VinFast(NASDAQ: VFS) dropped 9.9%. The two manufacturers are down 23.1% and 8.5% respectively for the week as of 2:45 p.m. ET. Charging companies Blink Charging(NASDAQ: BLNK) and ChargePoint(NYSE: CHPT) fell 14.1% and 20.1% respectively at their lows and are now down 12.8% and 19.5% on the week. The collapse of Fisker and the fallout Fisker had a lot of problems investors couldn't fix. Software was an issue and manufacturing never hit production goals. But the other problem was demand. Electric vehicle demand growth has slowed as more supply came onto the market. For companies that haven't already built mature supply chains and generated significant sales and profits, the lack of demand meant growing losses. FSRN Revenue (TTM) Chart With more options, buyers didn't have much sympathy for start-up EV companies because they could find other options that had high quality and were readily available. Fisker was the first domino to fall, but it won't be the last. Faraday and VinFast look a lot like Fisker's operations and may not have much of a lifeline left. FFIE Revenue (TTM) Chart The market's new EV scrutiny Losses weren't a problem when stock prices were high because companies could simply sell stock to fund operations. But as stock prices fall that becomes more difficult. Debt markets close first and then equity markets don't want to fund operations, which starts a downward spiral that's almost impossible to stop. I think most EV makers will reach the same fate if they aren't acquired first. The impact on charging stocks Charging stocks weren't spared from the sell-off and for good reason. Demand problems for EV manufacturers mean less demand for chargers. And if there are fewer EV manufacturers they can negotiate better terms for their users and commoditize charging networks. ChargePoint and Blink Charging also don't have much better financials than the EV manufacturers themselves, which you can see below. CHPT Revenue (TTM) Chart The EV market is crumbling The problem isn't whether or not people are using electric vehicles, it's whether or not the companies making EVs and chargers can make money selling products. So far, only one U.S. EV company has become profitable and even that may not be sustainable. Story continues Companies that have been losing money year after year don't look like they'll be able to turn operations around and the market isn't willing to fund operations indefinitely. That doesn't bode well for EV stocks long-term and I think this is just one of a number of bad weeks to come for the industry. Should you invest $1,000 in ChargePoint right now? Before you buy stock in ChargePoint, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ChargePoint wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $801,365!* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of June 10, 2024 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Massive Bankruptcy News Crushes EV Stocks was originally published by The Motley Fool View comments
BLNK CHPT FFIE VFS | finance.yahoo | about 9 months ago | Neutral

7 Penny Stocks to Sell in June Before They Crash & BurnThe stock market continues to climb. But in this case, a rising tide isn’t necessarily lifting all boats. In fact, high interest rates, geopolitics and a challenging macroeconomic environment have created several problems for many firms. Make no mistake: Many companies are facing severe problems tr...
The stock market continues to climb. But in this case, a rising tide isn’t necessarily lifting all boats. In fact, high interest rates, geopolitics and a challenging macroeconomic environment have created several problems for many firms. Make no mistake: Many companies are facing severe problems trying to navigate the current landscape. Traders are looking to penny stocks for big upside, particularly as the rest of the market has already rocketed higher. But there is little reason for hope for these seven penny stocks to sell. These struggling companies are in sorry condition, and investors should get their cash out of these stocks before it’s too late. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nikola (NKLA) Image of NKLA logo on phone screen Source: Stephanie L Sanchez / Shutterstock.com Nikola (NASDAQ:NKLA) is still sputtering along. The company infamously committed fraud during the tenure of its former CEO, Trevor Milton. Milton was, in fact, sentenced to four years in prison for engaging in wire fraud and securities fraud. Since then, Nikola pivoted the business model. It built a factory in Arizona and is attempting to create a sustainable business around hydrogen-powered EV drivetrains. Last quarter, Nikola delivered 40 hydrogen-powered EV semi trucks, which was up from the 31 it delivered in the same quarter of 2023. Despite this, the company’s revenues actually fell year-over-year and the company reported a massive operating loss. All this is to say that Nikola should be applauded for trying to recover from its past scandals. But its business simply isn’t picking up steam quickly enough to turn the price of NKLA stock around. Fuelcell Energy (FCEL) Person holding cellphone with logo of US fuel cell company FuelCell Energy Inc. (FCEL) on screen in front of business webpage. Focus on phone display. Unmodified photo. Source: T. Schneider / Shutterstock.com Fuelcell Energy (NASDAQ:FCEL) develops and sells fuel cell and electrolysis platforms. Its goal is to offer renewable power while helping decarbonize the energy grid. However, Fuelcell’s products struggled to find much traction with customers. As of April 30, FuelCell Energy has amassed an accumulated deficit of almost $1.6 billion. This means that the company has spent well over a billion dollars on shareholder funding over the decades. Yet there’s surprisingly little to show for it. FuelCell generated $123 million of revenues in 2023, down sharply from the $180 million annual revenues it generated a decade ago, back in 2014. The company lost $107 million in 2023 on those revenues, indicating the company is nowhere near profitability. In fact, the company hasn’t generated a year of positive net income even once over the past decade. Story continues It’s possible that FCEL stock will rally again due to a short squeeze or renewed enthusiasm in hydrogen stocks. However, given the long-term poor fundamental track record, FCEL stock will likely keep dropping toward zero over time. Faraday Future Intelligent Electric (FFIE) Mobile phone with logo of electric vehicle company Faraday Future Inc. on screen in front of website. Focus on center-right of phone display. Unmodified photo. FFIE stock Source: T. Schneider / Shutterstock.com Faraday Future Intelligent Electric (NASDAQ:FFIE) is one of the oddest meme stock stories out there. FFIE stock appeared to be kaput just a month ago, with shares trading as low as 4 cents each in May. Then, meme stock mania hit. With the return of the trader known as Roaring Kitty, certain highly-shorted penny stocks blasted off. FFIE shares, for their part, went from 4 cents to $4. These gains would prove fleeting, however. Because, under the surface, there’s simply nothing to back up this sort of move. The numbers are startling. Faraday generated just $800,000 in revenues in 2023, while losing $432 million. It also recently withdrew its production guidance for 2024, giving investors little reason to expect meaningful improvement. Given the company’s shaky balance sheet, it’s time to stick a fork in this failing penny stock. Tellurian (TELL) Large tanker ship carrying natural gas at dusk in harbor Source: shutterstock.com/Wojciech Wrzesien Tellurian (NYSE:TELL) is an energy company that has primarily been seeking to try to develop LNG export terminals, and it also operates an upstream energy business. Tellurian has struggled to secure adequate funding for planned LNG terminals. This led to a collapse in the share price. The CEO also recently left the company. Tellurian already appeared to be running out of time, and then political issues added to the struggles. Specifically, the Biden Administration announced that it is pausing approvals of new LNG export facilities for now, making Tellurian’s already shaky business case even more challenging. With the stock price well under a dollar, traders might be under the assumption that shares are cheap and worth a potential lottery ticket bet at this price. However, the market capitalization is above $500 million due to unending share dilution over the years. That makes TELL stock an awfully expensive lottery ticket on a company whose business model is in grave trouble and whose CEO just left. ChargePoint (CHPT) EV stocks: A close-up shot of a ChargePoint charging station. Source: YuniqueB / Shutterstock.com ChargePoint (NYSE:CHPT) is a company seeking to power up the electric vehicle landscape. Investors once gravitated to EV charging companies as a clear “picks and shovels” beneficiary of the broader industry trend. As EVs gain market share, chargers should become increasingly valuable infrastructure for the 21st century in the same way that gas stations were a great business in prior decades. While the underlying thesis is logical and sound, it’s far from assured that independent players like ChargePoint will be the ultimate winners. EV manufacturers such as Tesla (NASDAQ:TSLA) have already built large charging networks and oil and gas companies are making large investments in the space as well. EV charging will likely be a great business as the industry matures. But there’s little proof that small independent players like ChargePoint will be the ultimate winners once the industry consolidates. Traders are likely hoping for a short squeeze after CHPT stock’s outsized losses over the past year. However, due to dilution, the company still has a chunky $700 million market capitalization despite being a penny stock. With revenue growth stalling out and the company running massive losses, ChargePoint’s story has run out of juice. MicroVision (MVIS) Autonomous self driving electric car using lidar change the lane and overtakes city vehicle. MVIS stock Source: temp-64GTX / Shutterstock.com MicroVision (NASDAQ:MVIS) is a technology company that was founded in 1993 and went public in 1996. Over the years, it attempted to commercialize various products and services, but little has caught on. MVIS stock has fallen from a (split-adjusted) peak of $500 per share in 2000 to just $1 today. Shareholders have paid a heavy price for Microvision’s string of unsuccessful business ventures. Over the past decade, Microvision’s peak revenue year was 2018, when it brought in $18 million in revenues. Since then, however, that business line has been discontinued, and revenues have plunged to well under $10 million annually. Microvision’s current lead product is a light detection and ranging (lidar) system to help commercialize self-driving vehicles. However, lidar remains an unproven field and even industry leaders like Luminar Technologies (NASDAQ:LAZR) have seen their share prices collapse over the past year. There’s little reason to believe that MicroVision, with its limited financial resources and poor track record, will be able to compete in this industry. Ginkgo Bioworks (DNA) Person holding mobile phone with logo of American biotechnology company Ginkgo Bioworks Inc. on screen in front of web page. Focus on phone display. Unmodified photo. DNA stock Source: T. Schneider / Shutterstock.com Ginkgo Bioworks (NYSE:DNA) is a specialty chemical company that operates primarily in the healthcare and life sciences space. It has developed a synthetic biology platform to help clients with cell programming — the idea being that Ginkgo can enable the biological production of novel therapeutics, food ingredients and petroleum-derived chemicals. The most obvious application is in biotech to aid the research and development of new drug therapies. This made for a compelling story. Ark Invest’s Cathie Wood was a prominent backer, and shares rocketed higher. However, short sellers raised a number of troubling allegations about the firm’s revenues, corporate strategy, and third-party relationships. While short sellers often get things wrong, the accusations appear to have been on the mark in this case. Ginkgo Bioworks’ revenues reached their peak at $478 million in fiscal year 2022 but plunged nearly in half to $251 million last year. Those concerns appear to have played out. The company’s revenues peaked at $478 million in fiscal year 2022 but fell to just $251 million last year. Analysts expect another steep decline to $186 million in revenues for the current year. The company lost a stunning $854 million over the past 12 months, and its balance sheet won’t sustain these losses for long. That makes DNA a penny stock to sell immediately. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post 7 Penny Stocks to Sell in June Before They Crash & Burn appeared first on InvestorPlace. View comments
CHPT DNA FCEL FFIE LAZR MVIS NKLA TELL TSLA | finance.yahoo | about 9 months ago | Neutral

Faraday Future (FFIE) Stock: To the Moon or Straight to Zero?You could almost feel retail investors celebrating in late May after shares of electric vehicle maker Faraday Future Intelligent Electric (NASDAQ:FFIE) surged from 4 cents to $1.80. The stock briefly became the most researched stock on InvestorPlace.com, and social media sites made it sound as if th...
You could almost feel retail investors celebrating in late May after shares of electric vehicle maker Faraday Future Intelligent Electric (NASDAQ:FFIE) surged from 4 cents to $1.80. The stock briefly became the most researched stock on InvestorPlace.com, and social media sites made it sound as if the only direction FFIE could go was up. Of course, this simplifies the situation. Calling Faraday Future an “EV maker” is relatively generous, considering the firm built roughly 15 vehicles last year and sold just four. (It also leased six and has several more as finished goods on its balance sheet). “Early-stage EV startup” is a more fitting term. As for research, most of our InvestorPlace.com writers have consistently warned readers to stay away from the firm for its “high risk and little reward profile.” InvestorPlace contributor Josh Enomoto goes even further, suggesting investors buy puts on the stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips These warnings have largely gone ignored, given the numerous call options remaining on the stock. The company also continues to be worth over $200 million on public markets. That’s because there is a grain of truth that Faraday Future might keep going up. Stocks are worth precisely what buyers are willing to pay, and history tells us that meme stocks can often see a “double peak” as latecomers jump in. The Double Peak Perhaps the best example of resurging meme stocks is GameStop (NYSE:GME). In March 2021, shares of the videogame retailer spiked a second time after a new wave of speculators joined in. Unlike early investors, these latecomers cared little about the company’s valuation or its underlying business. According to Google Trends, search volumes for “GME” overtook those of “GameStop” by almost a 2-to-1 ratio that month. In other words, if people were making money on the ticker, why bother knowing anything more about the company? The results are as you might expect. Shares of GameStop rebounded from a split-adjusted $10 that February to over $66 the following month. A similar story happened with AMC Entertainment (NYSE:AMC). Here’s the same chart with FFIE overlaid onto the popular meme stock. Few traders discussed the cinema chain’s post-Covid-19 recovery during AMC’s second peak. To these brave speculators, the stock became a symbol of an “Ape” movement that would last long after AMC’s 2021 surge. The Single Peak Meanwhile, other meme stocks decline without ever catching a second wind. Consider BuzzFeed (NASDAQ:BZFD), which briefly tripled in 2023 after announcing it would use OpenAI tools to help create content… Story continues Or Genius Group (NYSEMKT:GNS), a Singapore-based firm that popularized the idea of investigating naked short sellers after appointing a former FBI director to lead a task force… In both of these cases, the companies themselves were the ones driving headlines. Meme investors never seemed to get as truly committed and quickly forgot about these companies once the news cycle moved on. These meme stocks had far less time in the spotlight… and less sustained momentum as a result. FFIE Stock: To the Moon or Straight to Zero? That’s worrying news for Faraday Future, a firm that has seen excitement disappear almost as quickly as it began. Since mid-May, search volumes for “FFIE” have fallen 86%, while “Faraday Future” volumes have yet to pick up. Social media boards have also lacked significant chatter about super-normal returns. The company has no equivalent of Keith Gill to share screenshots of multimillion-dollar profits. Reddit’s r/FFIE subreddit — a social media forum — turns decidedly negative any day shares go down. Most worryingly, consumers seem apathetic about Faraday’s cars despite glowing performance reviews. The company has roughly 300 non-binding, fully refundable preorders, which is a rounding error compared to the 10,000 reservation figures that Tesla (NASDAQ:TSLA) once sported. Most people on the street would fail to recognize a photo of a flagship Faraday FF91 SUV. These issues are compounded by Faraday’s publicity-shy management. In 2022, the company fired its media-savvy co-founder, Jia Yueting, after a scathing short report called him a “securities fraudster.” The company has yet to find a suitable replacement, and Jia has even come back as an unofficial (and unwelcome) spokesperson for the company. That suggests investors will quickly forget this meme stock’s recent rise and fall. Faraday Future remains too small to have made ripples in the stock market, and the scant amount of cash left on hand suggests the company won’t last much longer as a going concern even if meme investors pump the stock again. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Thomas Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Thomas Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post Faraday Future (FFIE) Stock: To the Moon or Straight to Zero? appeared first on InvestorPlace. View comments
AMC BZFD FFIE GME TSLA | finance.yahoo | about 9 months ago | Neutral

3 EV Stocks to Sell in June Before They Crash & BurnElectric vehicles (EV) aren’t going away but they aren’t the growth industry they once were. Year-over-year sales are dramatically slowing with first-quarter sales rising just 2.6% from 2023. EVs accounted for 7.3% of all new-vehicle sales in the period, down from the fourth quarter, according to Ke...
Electric vehicles (EV) aren’t going away but they aren’t the growth industry they once were. Year-over-year sales are dramatically slowing with first-quarter sales rising just 2.6% from 2023. EVs accounted for 7.3% of all new-vehicle sales in the period, down from the fourth quarter, according to Kelley Blue Book. It was the first quarter-to-quarter decline since the pandemic. To put it in perspective, first-quarter 2023 sales had soared 46% from the prior year, which itself had been over 81% higher than in 2021. What it indicates is the market has reached a plateau. All the early adopters of the technology have purchased a car. The task now is to convince the vast remaining mass market they should also buy one. It won’t be easy. Although prices have trended lower, EV costs remain elevated over alternatives. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The average price of a new gas-powered vehicle in May costs $48,389, down 1.2% from last year. For EVs, the average cost was $56,648 an increase of 2.6% from the month before. Even factoring in potential tax credits, EVs cost more. While the EV industry is quickly resolving the range problem of batteries, buyers are still wary of the lack of infrastructure to support charging a vehicle. Drivers need to carefully map their route and allow sufficient time to top up their battery bank, which isn’t a consideration with gas vehicles. It’s one of the reasons hybrid cars are becoming the EV vehicle of choice. You can go partially green without worrying about getting stranded. That suggests a shakeout in EVs is coming. Some manufacturers like hyper luxury EV maker Faraday Future Intelligent Electric (NASDAQ:FFIE) seem destined for bankruptcy. Others will just limp along. Buyouts don’t seem likely as everyone’s technology is proprietary and not easily integrated into a competitor’s platform. Investors would be best-served avoiding most EV stocks. The three companies below are EV stocks to sell now before they crash and burn. Rivian Automotive (RIVN) Rivian (RIVN) All Electric R1T Pickup Truck in a forest green color Source: Roschetzky Photography / Shutterstock.com Electric SUV maker Rivian Automotive (NASDAQ:RIVN) has been the beneficiary of positive analyst chatter and speculation it might partner with Apple (NASDAQ:AAPL). Neither is enough to sustain Rivian stock because they don’t pertain to its core business of selling cars. Wall Street thinks it might be able to sell its software to others and the Apple rumor is just that, rumor. It might not amount to anything more than Rivian’s EVs getting Apple CarPlay. The EV maker’s car-selling business is a shambles. It reportedly loses $38,000 on each vehicle made. Even though revenue doubled to $1.2 billion, losses widened from the year-ago period. Yet because Rivian has $6.8 billion in cash, equivalents and short-term investments, I wouldn’t short the stock. The SUV maker is not going out of business tomorrow. But its long-term growth is doubtful amid a dramatically slowing market. Story continues When Ford (NYSE:F) announced it was cutting the price on its Lightning F-150 electric pickup, Rivian shares tumbled because it will pressure sales and margins. Despite management maintaining it will achieve gross profits in the fourth quarter that does not improve the overall weakness in its business. Lucid Group (LCID) Lucid Air car of Lucid Automotive (LCID) Manufacturer at the event, EV Lucid Car Showroom. Source: Khosro / Shutterstock.com Lucid Group (NASDAQ:LCID) is an example of what is wrong in the EV industry. It is selling luxury EVs that by definition greatly narrows its potential car-buying market. With its EVs starting at just under $70,000 Lucid is going to be hard-pressed to move many off dealer lots. There is already a massive backlog of unsold inventory that needs to be moved before dealers can or will accept new models. It previously had to cut prices to see just a modest bump in sales last quarter but still has thousands more to go. That means Lucid will continue reporting massive losses from operations. It reported over $680 million in first-quarter losses last month. That might have been slightly better than the $780 million it recorded a year ago but still means it is on track to lose billions of dollars this year. Yet Lucid Group is another EV stock to sell, not short. It has a pipeline of cash from the Saudi Arabian government that keeps it afloat. While the Public Investment Fund shoveling billions of dollars into Rivian means the EV maker won’t go under, it is not enough to prop up the stock as the underlying operations deteriorate. LiveWire Group (LVWR) The LiveWire electric motorcycle representing LVWR stock. Source: MaggioPH / Shutterstock.com LiveWire Group (NYSE:LVWR) is the third EV stock to sell. The electric motorcycle maker is arguably the most successful of the three stocks but EV two-wheelers are even more of a niche market than luxury EVs. The Harley-Davidson (NYSE:HOG) spinoff saw sales plummet 36% in the first quarter to $5 million while operating losses widened 22% to $30 million. That was despite an 86% increase in the number of units sold, which rose to 117 from 63. Its youth-oriented STACYC business saw a 41% drop in revenue to $3.7 million. Management maintains it will sell 1,000 to 1,500 electric motorcycles this year. It is a far cry from the 101,000 bikes it said it would sell by 2030 just two years ago. But these motorcycles are primarily good only for city driving. Their batteries have a claimed range of 146 miles city and 95 miles highway. You’re not going to be doing the kind of cruising you might enjoy when riding your Hog. The LiveWire One also starts at under $23,000. That’s more competitive than it used to be, as you can easily find a Harley for twice that amount, but Harley also sells cruisers beginning at $17,000 and adventure touring bikes beginning at $20,000. So even though we’re in prime motorcycle sales season, there won’t be many EV bikes moving. It makes LiveWire an EV stock to sell now. On the date of publication, Rich Duprey did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L’Express, and numerous other news outlets. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post 3 EV Stocks to Sell in June Before They Crash & Burn appeared first on InvestorPlace. View comments
AAPL F FFIE HOG LCID LVWR RIVN | finance.yahoo | about 9 months ago | Neutral

3 EV Penny Stocks to Sell Before They Mimic Faraday’s FutureEmbattled EV player Faraday Future (NASDAQ:FFIE) is in the news following a brief surge in its stock price during the recent meme stock frenzy. However, FFIE stock is now back in familiar territory, eroding shareholder value with potential bankruptcy looming. It has just $3 million in unrestricted c...
Embattled EV player Faraday Future (NASDAQ:FFIE) is in the news following a brief surge in its stock price during the recent meme stock frenzy. However, FFIE stock is now back in familiar territory, eroding shareholder value with potential bankruptcy looming. It has just $3 million in unrestricted cash, prompting its management to withdraw production target guidance for the year. Clearly, it’s a sell now, but let’s not overlook other EV penny stocks to sell ripe for offloading. The first is ChargePoint (NYSE:CHPT), an EV charging stock that’s marked by hefty cash burn and growing losses amidst a broader-market slowdown. Then there’s Mullen Automotive (NASDAQ:MULN), another EV upstart that’s buckling under the pressure or rising costs. Finally, we have Canoo (NASDAQ:GOEV), which is burning through cash at a rapid clip, posting colossal losses each quarter. These EV penny stocks are doomed for failure, offering hardly any upside ahead. EV Penny Stocks to Sell: ChargePoint (CHPT) Selective focus. Detail of ChargePoint commercial EV electric vehicle charging station on uncovered parking lot. CHPT stock Source: Michael Vi / Shutterstock.com ChargePoint is a prominent name in the EV charging market and is facing major financial hurdles. Its enduring cash burn, marked by consistent quarterly losses, has led to a sharp drop in its stock price. To put things in perspective, CHPT stock has lost over 80% in the past year and roughly 23% year-to-date (YTD). Despite growth prospects, CHPT’s financial stability is incredibly shaky, reflecting broader concerns in the EV space. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company has missed top-line estimates in four out of the past five quarters while posting negative revenue growth in the last three. Revenues in its most recent quarter fell 18% on a year-over-year (YOY) basis to $107 million, with a 34% drop in network charging systems revenue. Moreover, its non-GAAP adjusted EBITDA loss is at a hefty $36.5 million. In reversing its fortunes, the firm is implementing belt-tightening measures to curb costs and optimize its business model. These actions involve workforce reductions and restructuring plans. However, the effectiveness of these measures is uncertain, casting a shadow over its future financial health. Mullen Automotive (MULN) Mullen Automotive (MULN) brand logo. American automotive and electric vehicle manufacturer Source: Robert Way / Shutterstock.com Mullen Automotive is another EV meme stock, like Faraday, that’s been drawing the Reddit crowd lately. However, for the most part, its investors have been licking their wounds from its deplorable financial positioning. We’ve seen two reverse stock splits from the company in the past year, including a worrying 1-for-100 split in December last year. These measures aimed to nudge its price above the $1 threshold, but despite its best efforts, its share price has plummeted by 99% over the past 12 months. Story continues In recent news, the company plans to venture into commercial EVs, expanding its distribution network into Eastern Europe and securing a deal to supply 40 vehicles to a Swiss company. However, its financial positioning remains grim, with it posting just $33,000 in sales against a staggering $177.3 million loss in the second-quarter (Q2). It has just $22.3 million left in its cash till, roughly 86% lower than in September last year. Hence, it finds itself in a precarious situation, making it incredibly tough to sustain its operations. Canoo (GOEV) Canoo (GOEV) logo displayed on smartphone screen as well as in background on yellow wall Source: shutterstock.com/rafapress Canoo burst onto the scene during the EV SPAC boom back in 2021. Its business model showed incredible promise, with an attractive subscription-based business model and uniquely designed modular vehicles emphasizing flexibility and utility. Many felt its innovative approach would set it apart in the crowded EV market. However, despite its bright beginnings, its financial trajectory has been troubling. Last year, the firm raked in just $886,000 in sales, overshadowed by a massive operating loss of $302 million. Though its loss is an improvement, its management doubts its ability to continue. It has just $9.6 million in its cash till, a far cry from its lofty $702 million balance in 2020.If it survives, its shareholders are likely to face further dilution as it stabilizes its finances. Hence, Canoo faces the harsh realities of financial instability, adding major uncertainty around a potential comeback scenario. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post 3 EV Penny Stocks to Sell Before They Mimic Faraday’s Future appeared first on InvestorPlace. View comments
CHPT FFIE GOEV GOEVW MULN | finance.yahoo | about 10 months ago | Neutral

3 EV Stocks to Sell Before They Die or Be Left Holding the BagElectric vehicle stocks have bled many investors dry over the past few years. The incredible post-pandemic electric vehicle boom saw many EV stocks rise significantly. However, a decline started in 2022 has continued to drag on for certain electric vehicle makers. The biggest broad-based threat EV ...
Electric vehicle stocks have bled many investors dry over the past few years. The incredible post-pandemic electric vehicle boom saw many EV stocks rise significantly. However, a decline started in 2022 has continued to drag on for certain electric vehicle makers. The biggest broad-based threat EV stocks currently face is interest rates. Indeed, EVs are big-ticket purchases and often require purchases to borrow to afford the price tags associated with many top models. So, a rise in interest rates has unsurprisingly caused sales volumes to drop significantly due to high rates discouraging customers. Additionally, price cuts have become more rampant, as EV makers struggle to retain the market share they already have. Moreover, many EV companies have sought out dilution (issuing more shares), since the cost of borrowing money has increased. A good portion of the debt raised in this sector previously was borrowed at floating rates, meaning most companies are now paying sky-high interest rates on this capital. All these factors combined make many EV stocks very unattractive right now, especially startups that are unlikely to turn profitable anytime soon. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With that in mind, here are three EV stocks to sell before they (likely) die. Fisker (FSRN) Fisker Inc. is an American automotive company. FSRN stock. Fisker stock. Source: photosince / Shutterstock.com Fisker (OTCMKTS:FSRN) reported dismal results this past earnings season, with the company’s fourth quarter earnings per share coming in at -$1.33, missing estimates by a whopping $1.20, driven by revenue of just $200 million, which fell $110 million short of expectations. While Fisker produced 10,193 Oceans in 2023, the company only delivered 4,900 across 12 countries. That was well below its own guidance. Unsurprisingly, the company’s margins continue to be downright terrible. Fisker margins Click to Enlarge Source: Chart courtesy of GuruFocus.com Fisker is now slashing 15% of its workforce and pivoting to a new dealer model. I think the company’s management team is getting desperate now, as the stock is no longer traded on a major exchange. The company expects to deliver just 20,000 to 22,000 Oceans globally in 2024. Meanwhile, Fisker is bleeding cash and diluting shareholders into oblivion. Its convertible notes will likely convert into equity, further eroding ownership for anyone foolish enough to still be holding this stock. In my view, Fisker’s chances of long-term survival are slim. Even if the EV maker manages to stay afloat, massive dilution means shareholders will ultimately be left holding the bag. I recommend avoiding FSR stock like the plague. Story continues Faraday Future (FFIE) Mobile phone with logo of electric vehicle company Faraday Future Inc. on screen in front of website. Focus on center-right of phone display. Unmodified photo. FFIE stock Source: T. Schneider / Shutterstock.com Faraday Future (NASDAQ:FFIE) is an electric vehicle startup that has struggled to bring its flagship FF91 luxury EV to market. That flagship “luxury” EV costs $309k, which is often compared to the Tesla Model S P100D. However, EV buyers can purchase around six of Tesla’s highest-cost vehicles for $309k, and a few more if you buy an older model. While the company finally began limited production and deliveries in 2023, I believe FFIE stock is a clear sell. Faraday Future reported a staggering net loss of $432 million for 2023. More worrisome is the fact that the company had just $2 million in cash at the end of 2023. FFIE cash and debt Click to Enlarge Source: Chart courtesy of GuruFocus.com To fund these massive losses, Faraday Future has been significantly diluting existing shareholders. The company’s share count exploded from just 1 million shares in 2021 to over 10 million by the end of 2023. That’s an unacceptable level of dilution that has decimated existing shareholders. Notably, FFIE stock is also currently under the Nasdaq listing requirement (must trade above $1 per share) as of writing, so we’ll likely see a reverse split and even more dilution in the quarters ahead. Even if Faraday Future manages to ramp up production (which I’m highly skeptical about given their track record of delays and mismanagement), there will likely be very little value left for equity holders after years of rampant share issuance. Run! Rivian Automotive (RIVN) Rivian (RIVN) logo is seen at a Rivian service center in South San Francisco, California. Rivian Automotive, Inc. is an electric vehicle automaker. Source: Tada Images / Shutterstock.com Rivian Automotive (NASDAQ:RIVN) manufactures electric adventure vehicles like the R1T pickup truck and R1S SUV. While Rivian has made impressive strides, becoming the fifth best-selling EV maker in the U.S. with a 5.1% market share in Q1 2024, I remain skeptical about its long-term survival prospects. The company is still hemorrhaging cash at an alarming rate. Rivian reported an earnings per share loss of -$1.24 this past quarter, which missed estimates by 7 cents, contributing to this cash burn. Although revenue surged 82.15% year-over-year to $1.20 billion (beating by $34.96 million), Rivian is not expected to turn a profit until 2029 even if it meets lofty growth expectations. The EV sector is becoming increasingly competitive and crowded. Accordingly, I believe Rivian will struggle mightily to achieve sustainable profitability. The company has done a good job building its brand, conducting over 28,000 demo drives in Q1, a 90% increase. RIVN financials Click to Enlarge Source: Chart courtesy of GuruFocus.com However, given the company’s brutal cash burn and speculative path to profitability, I would steer clear of RIVN stock at all costs. On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post 3 EV Stocks to Sell Before They Die or Be Left Holding the Bag appeared first on InvestorPlace. View comments
FFIE RIVN | finance.yahoo | about 10 months ago | Neutral

Pruning for Profits: 3 Stocks to Sell Ahead of the Second HalfWhile it’s always fun to see the ideas on your buy list perform well, long-term success is dependent on recognizing stocks to sell. No, it’s often not a comfortable topic to broach. However, holding onto losing enterprises indefinitely could end up hurting your portfolio badly. At the end of the da...
While it’s always fun to see the ideas on your buy list perform well, long-term success is dependent on recognizing stocks to sell. No, it’s often not a comfortable topic to broach. However, holding onto losing enterprises indefinitely could end up hurting your portfolio badly. At the end of the day, everyone in the market is looking out for themselves. In that sense, there’s really no rational reason to be loyal. That commitment will usually not be reciprocated if the shoe were on the other foot. So, think about protecting yourself first and consider exiting these stocks to sell. Spirit Airlines (SAVE) A yellow, Spirit Airlines (SAVE) branded airplane flying in the air Source: Markus Mainka / Shutterstock.com Based in Florida, Spirit Airlines (NYSE:SAVE) obviously provides airline services. Per its public profile, it also offers hotels and rental car services. Fundamentally, it raises red flags regarding stocks to sell because of the underlying economic currents. As McKinsey & Company pointed out, the travel sector may fully recover by year’s end. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Part of the positive sentiment stems from travel prioritization. While not as acute as the revenge travel phenomenon, consumers are prioritizing experiential expenditures. That should be a huge boon for a discount airliner like Spirit. Instead, the company is moving in the wrong direction. Since the beginning of the year, SAVE stock fell almost 78%. Now, I don’t discount that at certain moments, contrarian speculators could come in and bid up shares. According to Fintel, SAVE’s short interest stands at 25.29% of its float. I wouldn’t directly short the enterprise, to be clear. However, even out to 2026, analysts don’t see a pathway to profitability. That’s distracting amid a sea of opportunities for investors. Therefore, it’s one of the stocks to sell, like analysts are saying. Big Lots (BIG) a person carrying several shopping bags Source: Shutterstock Falling under the consumer defensive ecosystem, Big Lots (NYSE:BIG) operates in the discount stores segment. Through its subsidiaries, the Columbus, Ohio-based enterprise offers products under various merchandising categories. Fundamentally, the issue for Big Lots is that it has massive competition. Also, in many of the segments it covers, the retailer suffers from pressure from e-commerce outlets. Financially, it’s just difficult to see how Big Lots can work itself out of its mess. For instance, it incurred a net loss of $481.88 million during the trailing 12 months (TTM), translating to a loss per share of $16.53. On the top line, sales came out to $4.72 billion. For 2024, analysts anticipate sales of only $4.52 billion while the company could lose $10.20 per share. Story continues As with Spirit Airlines, I wouldn’t directly short BIG stock. Per Fintel, BIG features a short interest of 23.26% of its float. Also, the short interest ratio stands at 8.23 days to cover. Due to speculation, shares could temporarily soar. However, analysts don’t see a clear path to profitability and that’s why they view it as one of the stocks to sell. Faraday Future (FFIE) Mobile phone with logo of electric vehicle company Faraday Future Inc. on screen in front of website. Focus on center-right of phone display. Unmodified photo. FFIE stock Source: T. Schneider / Shutterstock.com During the return of meme-stock mania, electric vehicle manufacturer Faraday Future (NASDAQ:FFIE) became a short-squeeze target. Even now, while its short ratio sits at 0.05 days to cover, the short interest itself has soared to 31.5%. That’s just wild and it presented even wilder returns. Just imagine one day, shares are trading at four cents a pop. A few days later, they’re nearing $2. However, the mercurial rise Faraday seems to be nothing more than a pump and dump. In the past five sessions, FFIE stock lost over 57% of market value. That’s because the company is broadcasting a going concern risk. For started, Gurufocus warns that Faraday suffers from five severe red flags, including mounting debt and distressed financials. Second, the performance is nowhere near a level approaching credibility. In the fourth quarter of last year, the company only generated $800,000 of revenue. In a capital-intensive market such as auto production, that’s just not working. Finally, the company wants to sell its EVs for over $300,000. I mean, come on! That should have been the first clue. It’s one of the stocks to sell. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia. More From InvestorPlace The #1 AI Investment Might Be This Company You’ve Never Heard Of Musk’s “Project Omega” May Be Set to Mint New Millionaires. Here’s How to Get In. Legendary Investor Predicts: “Forget A.I. THIS Technology Is the Future” The post Pruning for Profits: 3 Stocks to Sell Ahead of the Second Half appeared first on InvestorPlace. View comments
BIG FFIE SAVE | finance.yahoo | about 10 months ago | Neutral

Profile

Faraday Future Intelligent Electric Inc (FFIE)

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. The company's technology comprises of variable platform architecture, propulsion system, and Internet, autonomous driving, and intelligence system. Faraday Future Intelligent Electric Inc. was incorporated in 2014 and is headquartered in Gardena, California.

Exchange: NASDAQ

IPO Date: 9/2/2020

Sector: Consumer Cyclical

Industry: Auto Manufacturers

Employees: 505

Address: 18455 S Figueroa St., Gardena, CA, United States, 90248

https://www.ff.com

Quarterly Yearly

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023	12/31/2022	09/30/2022	06/30/2022	Totals
	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023	12/31/2022	09/30/2022	06/30/2022	Totals
Assets	449.09K	457.89K	530.54K	530.54K	579.53K	567.49K	575.29K	510.29K	540.68K	588.24K	9.33M
Current Assets	79.69K	70.07K	91.36K	91.36K	127.30K	105.60K	103.40K	66.41K	102.22K	175.11K	3.32M
Cash And Short Term Investments	7.27K	1.38K	1.90K	-	6.71K	17.89K	31.77K	16.97K	31.77K	120.58K	1.02M
Net Receivables	-	7	7	7	75.67K	66.38K	66.03K	-	-	-	208.10K
Inventory	27.28K	28.75K	34.23K	34.23K	35.22K	10.30K	4.05K	-	-	-	174.05K
Other Current Assets	45.14K	40.53K	55.23K	8.41K	9.70K	11.03K	1.55K	21.09K	4.46K	3.10K	473.40K
Non Current Assets	369.40K	387.82K	439.18K	439.18K	452.23K	461.89K	471.89K	443.88K	438.47K	413.13K	6.01M
Property Plant Equipment	-	-	-	-	-	425.29K	446.52K	417.80K	431.86K	387.07K	3.50M
Long Term Investments	-	-	-	-	-	-	-	-	-	-	689.38K
Non Currrent Assets Other	3.54K	3.92K	-33.08K	4.88K	6.25K	6.33K	6.46K	6.47K	6.61K	6.71K	46.27K
Liabilities	292.33K	309.21K	302.30K	302.30K	317.72K	289.79K	318.90K	327.54K	253.36K	286.84K	4.33M
Current Liabilities	247.88K	268.16K	261.18K	261.18K	191.15K	187.62K	192.87K	267.48K	177.32K	257.72K	3.38M
Accounts Payable	81.37K	91.20K	93.17K	93.17K	101.86K	92.76K	76.93K	87.38K	65.24K	61.79K	1.00M
Short Long Term Debt	-	92.55K	78.60K	100.91K	13.76K	13.68K	13.80K	13.50K	17.26K	86.46K	786.02K
Other Current Liabilities	93.07K	78.62K	59.85K	13.07K	21.05K	35.86K	94.54K	159.13K	86.82K	101.58K	1.21M
Non Current Liabilities	44.45K	41.05K	41.13K	41.13K	126.57K	102.17K	126.03K	60.05K	76.04K	29.12K	949.06K
Long Term Debt	-	-	-	-	-	-	-	-	-	-	15.77K
Other Liabilities	-	-	-	-	-	-	-	9.43K	3.53K	36.51K	107.88K
Stockholder Equity	156.76K	148.68K	228.24K	228.24K	261.80K	277.70K	256.39K	182.75K	287.32K	301.40K	4.78M
Preferred Stock Equity	-	-	-	-	-	-	-	-	-	-	-
Liabilities And Stockholders Equity	449.09K	457.89K	530.54K	-	579.53K	567.49K	575.29K	510.29K	540.68K	588.24K	6.87M
Common Equity	-	-	-	-	-	148	88	62	37	30	225.91K
Retained Earnings	-	-	-	-	-	-3.80M	-3.47M	-3.48M	-3.32M	-3.22M	-20.13M
Totals		2.35M	2.48M	2.71M	2.15M	2.91M	-557.25K	-108.31K	-376.07K	-259.01K	224.34K	1.10M	3.71M	4.01M	5.25M	1.37M	1.38M	879.217	-	899.1950000000002	28.32M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	Totals
	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	Totals
Assets	530.54K	510.29K	907.43K	316.38K	315.22K	2.58M
Current Assets	91.36K	66.41K	607.26K	14.44K	19.03K	798.50K
Cash And Short Term Investments	1.90K	16.97K	505.09K	1.12K	2.22K	527.30K
Net Receivables	7	23.89K	-	2.07K	6.36K	32.33K
Inventory	34.23K	4.46K	-	7.88K	-	46.56K
Other Current Assets	55.23K	21.09K	102.17K	13.31K	16.81K	208.61K
Non Current Assets	439.18K	443.88K	300.18K	301.94K	296.18K	1.78M
Property Plant Equipment	-	417.80K	293.13K	293.93K	292.53K	1.30M
Long Term Investments	-	-	-	229.88K	-	229.88K
Non Currrent Assets Other	4.88K	6.47K	7.04K	7.57K	3.66K	29.62K
Liabilities	302.30K	327.54K	339.78K	895.72K	754.88K	2.62M
Current Liabilities	261.18K	267.48K	293.81K	849.05K	706.13K	2.38M
Accounts Payable	93.17K	87.38K	37.77K	86.60K	68.65K	373.57K
Short Long Term Debt	100.91K	13.50K	146.03K	481.55K	-	741.99K
Other Current Liabilities	63.48K	159.13K	107.43K	276.50K	223.98K	830.51K
Non Current Liabilities	41.13K	60.05K	45.97K	46.67K	48.75K	242.57K
Long Term Debt	-	-	7.57K	630.224	-	8.20K
Other Liabilities	-	9.43K	3.72K	1.00K	7.59K	21.74K
Stockholder Equity	228.24K	182.75K	567.65K	-579.34K	-439.66K	-40.36K
Liabilities And Stockholders Equity	530.54K	510.29K	907.43K	316.38K	315.22K	2.58M
Common Equity	-	62	17	223.52K	-	223.60K
Retained Earnings	-	-3.48M	-2.91M	-2.59K	-	-6.39M
Totals		2.78M	-347.72K	2.27M	3.78M	2.64M	11.12M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	06/30/2022	03/31/2022	12/31/2021	09/30/2021	06/30/2021	03/31/2021	09/30/2020	06/30/2020	03/31/2020	Totals
	06/30/2022	03/31/2022	12/31/2021	09/30/2021	06/30/2021	03/31/2021	09/30/2020	06/30/2020	03/31/2020	Totals
Revenue	-	-	-	-	-	-	-	-	-	-
Cost Of Revenue	-	-	-	-	442.736	-	-	-	-	442.736
Gross Profit	-	-	-	-	-442.736	-	-	-	-	-442.736
Operating Expenses	137.47K	185.66M	120.20K	123.31K	5.28K	884.599	142.108	-	-	186.04M
Selling General Administrative	39.45K	36.73M	39.78K	43.56K	-	12.68K	-	-	-	36.86M
Research Development	98.02K	79.76M	80.43K	79.76K	-	6.72K	-	-	-	80.02M
Other Operating Expenses	-	62.34K	-	-	5.28K	932.46	142.108	-	-	68.70K
Operating Income	-137.47K	-185.66M	-120.20K	-123.31K	-442.736	-884.599	-142.108	-	-	-186.04M
Net Interest Income	-2.44K	-4.37K	-4.53K	-1.89K	-	-28.93K	-	-	-	-42.16K
Interest Income	-	-	-	-	-	-	-	-	-	-
Interest Expense	2.44K	296.00K	4.53K	1.89K	-	28.93K	-	-	-	333.79K
Other Income Expense Net	-1.78K	-118.25M	40.67K	-178.70K	-	-27.20K	39.832	-	-	-118.42M
Income Before Tax	-141.69K	-303.91M	-84.06K	-303.91K	-5.73K	-1.82K	-102.276	-	-	-304.44M
Tax Provision	9	-	237	-	-	3	-	-	-	249
NetIncome	-141.69K	-303.91M	-84.30K	-303.91K	-5.73K	-1.82K	-101.977	-	-	-304.44M
NetIncome Applicable To Common Shares	-141.69K	-303.91K	-84.30K	-303.91K	-5.73K	-1.82K	-101.977	-31.70K	-24.09K	-897.25K
Ebit	-139.24K	-185.66K	-120.20K	-123.31K	-442.736	-884.599	-102.276	-16.34K	-15.05K	-601.24K
Basic EPS	-	-0.51	-	-0.51	-0.77	-0.25	-	-	-0.77	-2.81
Totals		-428.62K	-609.72M	-211.75K	-1.09M	-7.50K	-13.20K	-226.566	-48.04K	-39.14K	-611.55M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	12/31/2021	12/31/2020	12/31/2019	Totals
	12/31/2021	12/31/2020	12/31/2019	Totals
Revenue	-	-	-	-
Cost Of Revenue	-	-	-	-
Gross Profit	-	-	-	-
Operating Expenses	354.15K	64.93K	-	419.08K
Selling General Administrative	97.91K	44.74K	-	142.65K
Research Development	174.94K	20.19K	-	195.12K
Other Operating Expenses	-64.19K	-	-	-64.19K
Operating Income	-354.15K	-64.93K	-	-419.08K
Net Interest Income	-46.84K	-73.72K	-	-120.56K
Interest Income	-	-	-	-
Interest Expense	30.18K	73.72K	-	103.90K
Other Income Expense Net	-162.12K	-8.43K	-	-170.55K
Income Before Tax	-516.26K	-147.08K	-	-663.35K
Tax Provision	240	3	-	243
NetIncome	-516.50K	-147.09K	-	-663.59K
NetIncome Applicable To Common Shares	-516.50K	-147.09K	-143.19K	-806.78K
Ebit	-486.08K	-64.93K	-104.74K	-655.75K
Basic EPS	-	-1.16	-0.59	-1.75
Totals		-2.01M	-449.68K	-247.93K	-2.70M

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023	12/31/2022	09/30/2022	06/30/2022	Totals
	09/30/2024	06/30/2024	03/31/2024	12/31/2023	09/30/2023	06/30/2023	03/31/2023	12/31/2022	09/30/2022	06/30/2022	Totals
Cash From Operating Activities	-22.70K	-13.62K	-37.81K	-37.81K	-79.66K	-57.73K	-102.98K	-27.95K	-120.00K	-112.74K	-1.04M
Net Income	-77.69K	-108.69K	-83.80K	-83.80K	-78.05K	-276.39K	6.49K	-153.90K	-103.38K	-141.69K	-1.71M
Depreciation	18.04K	18.94K	17.79K	17.79K	13.14K	12.70K	1.84K	1.65K	5.48K	4.99K	127.47K
Extraordinary Items	-	-	-	-	-	-	-	-	-	-	-
Change Receivables	-	-	-	-	-	70	-197	253	-12.72K	-	-12.60K
Change To Inventory	1.47K	680	986	986	-24.91K	-5.84K	-	-	-	-	-26.64K
Change To Liabilities	-	-	-	-	-	3.02K	-19.99K	29.86K	3.06K	14.99K	-19.01K
Change To Net Income	-	-	-	-	-	-31.20K	6.11K	105.72K	22.74K	3.36K	568.45K
ChangeToOperatingActivities	-	-	-	-	-	-28.32K	-15.25K	5.65K	-47.91K	-249	-107.66K
Cash flows From Investing Activities	-	-	-	-	-	-8.98K	-16.87K	-11.12K	-21.86K	-45.84K	-233.41K
Capital Expenditures	-301	-259	-20.26K	-20.26K	-15.01K	-8.98K	-16.87K	-11.12K	-21.86K	-45.84K	-300.95K
Other Cashflows From Investing Activities	-	-	-	-	-	-	-	-	-	-	3.60K
Cash From Financing Activities	28.97K	13.95K	53.88K	53.88K	55.73K	47.40K	134.44K	34.21K	44.91K	-164	1.25M
Net Borrowings	-	-	-	-	-	47.74K	130.66K	32.19K	39.58K	-663	366.30K
Sale Purchase Of Stock	-	-	5	-	-	-5	4.12K	-767	-767	499	773.91K
Dividends Paid	-	-	-	-	-	10	-	-	-	-	10
Other Cashflows From Financing Activities	28.97K	-164	-14	-	47.55K	47.75K	130.66K	32.73K	45.38K	499	218.68K
Cash And Cash Equivalents Changes	-	-	-	-	-	-19.31K	14.59K	-4.86K	-96.97K	-158.74K	426.57K
Totals		-23.25K	-89.16K	-69.22K	-69.21K	-81.21K	-278.08K	256.74K	32.55K	-264.33K	-481.58K	1.32M	-322.63K	272.59K	11.10K	72.08K	1.90K	-1.10K	289.17K

&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;&ebsp;	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	Totals
	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	Totals
Cash From Operating Activities	-278.18K	-383.06K	-339.76K	-41.16K	-189.79K	-1.23M
Net Income	-431.74K	-552.07K	-516.50K	-147.09K	-143.19K	-1.79M
Depreciation	45.47K	5.50K	8.16K	3.52K	5.19K	67.82K
Extraordinary Items	-	-	-	-	-	-
Change Receivables	-	-12.47K	-	-	-	-12.47K
Change To Inventory	-4.46K	-	-	-	-	-4.46K
Change To Liabilities	-	42.07K	-4.80K	11.50K	48.23K	97.00K
Change To Net Income	-	136.51K	226.15K	82.82K	34.70K	480.17K
ChangeToOperatingActivities	-	-	-37.23K	8.09K	-134.72K	-163.86K
Cash flows From Investing Activities	-	-123.22K	-95.68K	2.99K	26.91K	-189.00K
Capital Expenditures	-31.11K	-123.22K	-95.68K	-607	-2.26K	-252.88K
Other Cashflows From Investing Activities	-	-	-	3.60K	12.26K	15.86K
Cash From Financing Activities	291.45K	-6.72K	966.57K	36.83K	162.62K	1.45M
Net Borrowings	-	-17.83K	50.35K	45.60K	53.34K	131.46K
Sale Purchase Of Stock	-767	-767	770.92K	-	-	769.38K
Dividends Paid	-	-	-	-	-	-
Other Cashflows From Financing Activities	1.61K	83.73K	-107.01K	-8.77K	107.84K	77.40K
Cash And Cash Equivalents Changes	-	-513.00K	531.12K	-	-	18.12K
Totals		-407.73K	-1.46M	1.36M	-2.68K	-18.89K	-537.26K

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