Faraday Future Intelligent Electric Inc. [NASDAQ: FFIE] jumped around 0.41 points on Friday, while shares priced at $5.11 at the close of the session, up 8.84%. The company report on September 15, 2023 at 4:05 AM that Faraday Future to Deliver Another FF 91 2.0 Futurist Alliance, This Time to Celebrity Agent Kelvin Sherman at the Upcoming “919 Developers AI Co-Creation Festival” Taking Place on Sept. 19th.
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 one of FF’s newest car owners and Developer Co-Creation Officers, Kelvin Sherman, will take delivery of his FF 91 2.0 Futurist Alliance at FF’s “919 Developers AI Co-Creation Festival” to be held on September 19th. Mr. Sherman will also join the “Futurist Spire Club Salon” with others in the exclusive group of FF’s Developer Co-Creation Officers, who are all among the elites from their respective industries. A livestreaming of the event will take place on September 19th.
FF plans to hold an “FF Delivery Co-Creation Day” for every FF 91 2.0 Spire user through the end of this year. Beyond vehicle deliveries, FF also plans to host a “FF Futurist Spire Club Salon” for the exclusive group of early owners and Developer Co-Creation Officers. The focus of the “FF Futurist Spire Club Salon” is to generate additional value for the Developer Co-Creation Officers by building a community that creates boundary-breaking eco-chemistry among their different industries, including ultra luxury brand consumers, music artists, Hollywood celebrities, sports stars, technology entrepreneurs, and top tier AI experts.
Faraday Future Intelligent Electric Inc. stock is now -78.00% down from its year-to-date (YTD) trading value. FFIE Stock saw the intraday high of $5.78 and lowest of $4.64 per share. The company’s 52-week high price is 105.60, which means current price is +51.21% above from all time high which was touched on 02/06/23.
Compared to the average trading volume of 2.10M shares, FFIE reached a trading volume of 17496410 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]?
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 Average True Range (ATR) for Faraday Future Intelligent Electric Inc. is set at 1.76 The Price to Book ratio for the last quarter was 0.28, with the Price to Cash per share for the same quarter was set at 0.96.
How has FFIE stock performed recently?
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 35.90. With this latest performance, FFIE shares dropped by -70.83% in over the last four-week period, additionally sinking by -84.96% over the last 6 months – not to mention a drop of -93.25% 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 29.85, with the RSI for the last a single of trading hit 30.65, and the three-weeks RSI is set at 32.39 for Faraday Future Intelligent Electric Inc. [FFIE]. The present Moving Average for the last 50 days of trading for this stock 16.55, while it was recorded at 4.47 for the last single week of trading, and 27.99 for the last 200 days.
Faraday Future Intelligent Electric Inc. [FFIE]: Deeper insight into the fundamentals
Return on Total Capital for FFIE is now -84.52, given the latest momentum, and Return on Invested Capital for the company is -130.93. Return on Equity for this stock declined to -156.70, with Return on Assets sitting at -83.83. When it comes to the capital structure of this company, Faraday Future Intelligent Electric Inc. [FFIE] has a Total Debt to Total Equity ratio set at 37.22. Additionally, FFIE Total Debt to Total Capital is recorded at 27.13, with Total Debt to Total Assets ending up at 12.96. Long-Term Debt to Equity for the company is recorded at 27.70, with the Long-Term Debt to Total Capital now at 20.19.
Reflecting on the efficiency of the workforce at the company, Faraday Future Intelligent Electric Inc. [FFIE] managed to generate an average of -$942,097 per employee.Faraday Future Intelligent Electric Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.
Insider trade positions for Faraday Future Intelligent Electric Inc. [FFIE]
The top three institutional holders of FFIE stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in FFIE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in FFIE stock with ownership which is approximately 5.7381%.