Faraday Future Intelligent Electric Inc [NASDAQ: FFIE] gained 1.26% or 0.0 points to close at $0.13 with a heavy trading volume of 108098740 shares.
The daily chart for FFIE points out that the company has recorded -60.77% loss over the past six months.
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If we look at the average trading volume of 165.29M shares, FFIE reached to a volume of 108098740 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FFIE shares is $2400.00 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 3.00. 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 0.05, with the Price to Sales ratio for FFIE stock in the period of the last 12 months amounting to 52.49. The Price to Book ratio for the last quarter was 0.38, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for FFIE stock
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 -42.34. With this latest performance, FFIE shares dropped by -69.22% in over the last four-week period, additionally sinking by -60.77% over the last 6 months – not to mention a drop of -99.76% 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 26.25, with the RSI for the last a single of trading hit 15.19, and the three-weeks RSI is set at 34.74 for Faraday Future Intelligent Electric Inc [FFIE]. The present Moving Average for the last 50 days of trading for this stock 0.3861, while it was recorded at 0.1655 for the last single week of trading, and 0.6049 for the last 200 days.
Faraday Future Intelligent Electric Inc [FFIE]: A deeper dive into fundamental analysis
Faraday Future Intelligent Electric Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.15 and a Current Ratio set at 0.26.
Faraday Future Intelligent Electric Inc [FFIE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Faraday Future Intelligent Electric Inc posted -24/share EPS, while the average EPS was predicted by analysts to be reported at -19.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.8. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FFIE.
An analysis of Institutional ownership at Faraday Future Intelligent Electric Inc [FFIE]
The top three institutional holders of FFIE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in FFIE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in FFIE stock with ownership which is approximately 5.1238%.
