Key points pertaining to the recent price action and some news

-Bankruptcy speculation. Fisker has responded to that emphasing its focus on raising capital and seeking partnerships with an automaker.

-Fisker also announced a pause in production due to inventory building up. They've made 1000 EVs, delivering about 1300 EVs and still have 4700 EVs in inventory.

-Fisker failed to file its 10-K annual report on time and missed an interest payment of $8.4 million citing they wish to make use of a 30 day grace period to reevaluate their capital structure.

-Fisker cash on hand has fallen to $89.1 million as of March 15th, from $325 million back in December. This has caused some speculation of this startup running out of cash.

-Fisker then manages to secure $150 million in financing but at a hefty cost by selling senior convertible notes at a 10% discount.

-Fisker has been facing difficulty with servicing and distribution this year and has transition their sales strategy to direct-to-customer model leaning on dealers to sell the cars and is also continuing negotiations with a large automaker to develop EV platforms and manufacture in the US.

As far as the stock price goes...with all the negative news coming out, it's no wonder the stock is down a lot. It dropped by over 50% with the bankruptcy speculation and investors are hesitant to get back in due to concerns about its financial stability. On the daily chart, for the trend to change we would basically need to break above 0.75 cents and that would also coincide with it pushing above the 50 SMA. Got a long way to go from here I know, but best of luck to you all.

Disclaimer: I have no positions in Fisker. I was interested at $1.75 looking for it to change into a bullish trend possibly from some good guidance and outlook for the year after earnings but that never came and continued lower and no longer interested but still like to watch the stock as it's popular with new retail.