Faraday Future Intelligent Electric Inc. [NASDAQ: FFIE] gained 12.16% on the last trading session, reaching $0.57 price per share at the time. The company report on March 2, 2023 that Faraday Future Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Webcast.
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Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company will release its fourth quarter and full year 2022 results after market close on Wednesday, March 8, 2023, to be followed by a conference call at 5:00 p.m. Pacific Time (8:00 p.m. Eastern) on the same day.
Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company’s website at https://investors.ff.com/. A replay of the webcast will be available shortly thereafter.
Faraday Future Intelligent Electric Inc. represents 688.83 million in outstanding shares, while the company has a total market value of $350.10 million with the latest information. FFIE stock price has been found in the range of $0.508 to $0.5983.
If compared to the average trading volume of 52.96M shares, FFIE reached a trading volume of 59719149 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Faraday Future Intelligent Electric Inc. [FFIE]:
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 0.09 The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.05.
Trading performance analysis for FFIE stock
Faraday Future Intelligent Electric Inc. [FFIE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.41. With this latest performance, FFIE shares dropped by -36.09% in over the last four-week period, additionally sinking by -49.11% over the last 6 months – not to mention a drop of -89.16% 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 45.52, with the RSI for the last a single of trading hit 44.30, and the three-weeks RSI is set at 47.35 for Faraday Future Intelligent Electric Inc. [FFIE]. The present Moving Average for the last 50 days of trading for this stock 0.5857, while it was recorded at 0.5296 for the last single week of trading, and 1.4947 for the last 200 days.
Faraday Future Intelligent Electric Inc. [FFIE]: A deeper dive into fundamental analysis
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 0.60 and a Current Ratio set at 0.60.
An analysis of insider ownership at Faraday Future Intelligent Electric Inc. [FFIE]
There are presently around $28 million, or 12.50% of FFIE stock, in the hands of institutional investors. The top three institutional holders of FFIE stocks are: BLACKROCK INC. with ownership of 14,487,985, which is approximately 77.502% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 11,127,710 shares of the stock with an approximate value of $6.34 million in FFIE stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $2.23 million in FFIE stock with ownership of nearly 82.888% of the company’s market capitalization.
Positions in Faraday Future Intelligent Electric Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 38 institutional holders increased their position in Faraday Future Intelligent Electric Inc. [NASDAQ:FFIE] by around 18,898,208 shares. Additionally, 53 investors decreased positions by around 23,255,644 shares, while 17 investors held positions by with 7,365,469 shares. The mentioned changes placed institutional holdings at 49,519,321 shares, according to the latest SEC report filing. FFIE stock had 14 new institutional investments in for a total of 2,405,290 shares, while 31 institutional investors sold positions of 16,549,786 shares during the same period.