Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) does about 34.55M shares in volume on a normal day but saw 140539099 shares change hands in Monday trading. The company now has a market cap of 396.15M USD. Its current market price is $0.92, marking an increase of 50.64% compared to the previous close of $0.61. The 52 week high reached by this stock is $7.85 whilst the lowest price level in 52 weeks is $0.25. The script in recent trading has seen the stock touch a high of $0.985 and a low of $0.60.
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Faraday Future Intelligent Electric Inc. (FFIE) has a 20-day trading average at $0.4263 and the current price is -88.23% off the 52-week high compared with 277.02% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4071 and its 200-day simple moving average is $1.8511. If we look at the stock’s price movements over the week, volatility stands at 26.61%, which decreases to 19.62% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 81.02 to suggest the stock is overbought.
1 analysts observing the Faraday Future Intelligent Electric Inc. (FFIE) stock have set the 12-month price targets for the company’s shares at between $10.00 and $10.00. The median price target is 90.8% away from the current levels at $10.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
Wedbush also downgraded the stock to “Neutral” from Outperform on November 16, 2021 at a price target of $10. Wedbush initiated its price target at $17.
The current price level is 131.30%, 129.88%, and -50.58% away from its SMA20, SMA50, and SMA200 respectively, with the FFIE price moving below the 50-day SMA on January 23. Faraday Future Intelligent Electric Inc. (FFIE) stock is up 83.38% over the week and 157.66% over the past month. Its price is 218.19% year-to-date and -81.53% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.44 below consensus estimates by -$0.06. The company’s next earnings report is expected on 05/22/2023, with forecasts estimating quarterly EPS at -$0.37 and -$1.63 for whole year. FFIE’s earnings per share are forecast to shrink by -3.80% this year and 20.20% over next year. Expected sales for next quarter are $26.25 million, which analysts say will come at $36.25 million for the current fiscal year and next year at $300 million. In addition, estimates put the company’s current quarterly revenue at an average of $10 million.
Its 12-month price target is $10.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $10.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $10.00.
Outstanding shares total 346.58M with insiders holding 44.23% of the shares and institutional holders owning 20.10% of the company’s common stock. The company has a return on equity of -121.30%. Price to book ratio is 1.11.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Faraday Future Intelligent Electric Inc. (FFIE) to 7,120,807 shares, mirroring a recent increase by 87.34%. Vanguard Total Stock Market Index added 3.32 million shares of Faraday Future Intelligent Electric Inc. common stock bringing its total worth to about $2.07 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 47092.0 shares to end up with 4,516,360 shares worth $1.31 million. Vanguard Extended Market Index Fu raise their holdings by 41.05% in the company over the course of the most recent quarter. It now holds a 0.44% position in Faraday Future Intelligent Electric Inc. thanks to 2.6 million shares amounting to $0.75 million.
