Faraday Future Intelligent Electric Inc. [NASDAQ: FFIE] traded at a low on 09/02/22, posting a -1.87 loss after which it closed the day’ session at $1.05. The company report on August 29, 2022 that Faraday Future Provides Business Update.
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The results of the trading session contributed to over 14950261 shares changing hands. Over the past one week, the price volatility of Faraday Future Intelligent Electric Inc. stands at 16.04% while the volatility over the past one month is 11.71%.
The market cap for FFIE stock reached $350.90 million, with 322.72 million shares outstanding and 118.44 million shares in the current float. Compared to the average trading volume of 16.91M shares, FFIE reached a trading volume of 14950261 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Faraday Future Intelligent Electric Inc. [FFIE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FFIE shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FFIE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Benchmark Company have made an estimate for Faraday Future Intelligent Electric Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 16, 2022. The new note on the price target was released on November 16, 2021, representing the official price target for Faraday Future Intelligent Electric Inc. stock. Previously, the target price had yet another raise to $17, while Wedbush analysts kept a Outperform rating on FFIE stock.
The Average True Range (ATR) for Faraday Future Intelligent Electric Inc. is set at 0.25 The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 0.36.
How has FFIE stock performed recently?
Faraday Future Intelligent Electric Inc. [FFIE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -30.00. With this latest performance, FFIE shares dropped by -62.09% in over the last four-week period, additionally sinking by -77.94% over the last 6 months – not to mention a drop of -89.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FFIE stock in for the last two-week period is set at 27.66, with the RSI for the last a single of trading hit 17.43, and the three-weeks RSI is set at 33.83 for Faraday Future Intelligent Electric Inc. [FFIE]. The present Moving Average for the last 50 days of trading for this stock 3.0766, while it was recorded at 1.1660 for the last single week of trading, and 4.0969 for the last 200 days.
Faraday Future Intelligent Electric Inc. [FFIE]: Deeper insight into the fundamentals
Return on Equity for this stock declined to -129.85, with Return on Assets sitting at -90.77.
Faraday Future Intelligent Electric Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
Insider trade positions for Faraday Future Intelligent Electric Inc. [FFIE]
There are presently around $69 million, or 26.60% of FFIE stock, in the hands of institutional investors. The top three institutional holders of FFIE stocks are: BLACKROCK INC. with ownership of 7,551,424, which is approximately 171.41% of the company’s market cap and around 61.21% of the total institutional ownership; ANATOLE INVESTMENT MANAGEMENT LTD, holding 6,000,000 shares of the stock with an approximate value of $6.3 million in FFIE stocks shares; and VANGUARD GROUP INC, currently with $6.2 million in FFIE stock with ownership of nearly -49.612% of the company’s market capitalization.
Positions in Faraday Future Intelligent Electric Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 70 institutional holders increased their position in Faraday Future Intelligent Electric Inc. [NASDAQ:FFIE] by around 17,763,846 shares. Additionally, 34 investors decreased positions by around 10,436,947 shares, while 28 investors held positions by with 37,485,424 shares. The mentioned changes placed institutional holdings at 65,686,217 shares, according to the latest SEC report filing. FFIE stock had 30 new institutional investments in for a total of 5,104,305 shares, while 21 institutional investors sold positions of 737,828 shares during the same period.