Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares traded -14.20% lower at $0.22 on Wall Street last session.
In accordance with the data, 1 analysts cover Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE). 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 $0.25, this indicates a potential upside of 3900.0 percent. FFIE stock price is now -28.22% away from the 50-day moving average and -68.52% away from the 200-day moving average. The market capitalization of the company currently stands at $132.09M.
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It has been rated a hold by 1 analysts and a buy by 0. 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 0.20% 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $751,000. BAYESIAN CAPITAL MANAGEMENT, LP invested $323,000 in shares of FFIE during the first quarter. In the first quarter, SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in Faraday Future Intelligent Electric Inc. valued at approximately $116,000. MIRAMAR CAPITAL, LLC acquired a new stake in FFIE for approximately $32,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in FFIE valued at around $24,000 in the second quarter. In total, there are 107 active investors with 12.50% ownership of the company’s stock.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) opened at $0.2471 on Thursday. During the past 12 months, Faraday Future Intelligent Electric Inc. has had a low of $0.15 and a high of $7.85. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for FFIE is $0.2990 and a two-hundred day moving average price translates $0.6840 for the stock.
The latest earnings results from Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.32, missing analysts’ expectations of -$0.18 by -0.14. This compares to -$0.48 EPS in the same period last year. The company reported revenue of $83.03 million for the quarter, compared to $149.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.28 percent.
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. The company was incorporated in 2014 and is headquartered in Los Angeles, California.
