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California-based Fisker, which listed via a SPAC in 2020, received a notice from the New York Stock Exchange for non-compliance as its stock closed at under $1 on average for 30 trading days ...
Fisker’s stock was trading at 32 cents a share at the close of trading Wednesday, a more than 80% decline since the start of 2024. Fisker is founder Henrik Fisker’s second car company.
Michaeli downgraded the stock to Neutral/High Risk (equivalent of a Hold) and cut his price target to $.80 from $4. In Q4, Fisker reported revenue of $200.1 million, missing Bloomberg consensus ...
In November, Fisker cut its production forecasts for 2023 from between 20,000 and 23,000 to between 13,000 and 17,000 cars to avoid sitting on too much inventory. The group has also been marred by ...
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Cash-strapped Fisker's shares skid nearly 47% on Friday after the electric vehicle startup flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a ...
That being said, for the quarter on a preliminary basis, Fisker reported revenue of $71.8 million vs. $100.8 million estimated by Bloomberg. Fisker reported an EPS loss of $0.27, versus the $0.21 ...
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