The stock of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) last traded at $0.42, down -11.55% from the previous session.
Data from the available sources indicates that Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is covered by 1 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $10.00, we find $10.00. Given the previous closing price of $0.47, this indicates a potential upside of 2027.66 percent. FFIE stock price is now -38.37% away from the 50-day moving average and -85.40% away from the 200-day moving average. The market capitalization of the company currently stands at $160.75M.
In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $10.00 as their price target over the next twelve months.
On November 16, 2021, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $10.
A total of 44.23% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FFIE stock. A new stake in Faraday Future Intelligent Electric Inc. shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $478,000. SG AMERICAS SECURITIES, LLC invested $126,000 in shares of FFIE during the first quarter. In the first quarter, BLUEFIN CAPITAL MANAGEMENT, LLC acquired a new stake in Faraday Future Intelligent Electric Inc. valued at approximately $50,000. ALPINE GLOBAL MANAGEMENT, LLC acquired a new stake in FFIE for approximately $45,000. SCULPTOR CAPITAL LP purchased a new stake in FFIE valued at around $25,000 in the second quarter. In total, there are 153 active investors with 20.20% ownership of the company’s stock.
With an opening price of $0.4775 on Thursday morning, Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) set off the trading day. During the past 12 months, Faraday Future Intelligent Electric Inc. has had a low of $0.46 and a high of $8.79. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for FFIE is $0.6759 and a two-hundred day moving average price translates $2.8539 for the stock.
The latest earnings results from Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) was released for Jun, 2022. According to the Auto Manufacturers Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.38 by -0.06. This compares to -$0.32 EPS in the same period last year. The company reported revenue of $137.47 million for the quarter, compared to $27.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 396.48 percent. For the current quarter, analysts expect FFIE to generate $10M in revenue.
Faraday Future Intelligent Electric Inc.(FFIE) Company Profile
Faraday Future Intelligent Electric Inc. engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was incorporated in 2014 and is headquartered in Gardena, California.