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Shares in Fisker tumbled last week after the group received a non-compliance letter from the NYSE after its share price closed below $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 ...
The base sticker price for the top-of-the-line Fisker Ocean Extreme has been cut from about $62,500 to $37,5000. Prices for the Sport trim level have been cut from $39,000 to $25,000.
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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 ...
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 ...
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 ...