Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares traded -10.97% lower at $8.44 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 $800.00 and a low of $800.00, we find $800.00. Given the previous closing price of $9.48, this indicates a potential upside of 8338.82 percent. FFIE stock price is now -58.06% away from the 50-day moving average and -71.80% away from the 200-day moving average. The market capitalization of the company currently stands at $187.38M.
It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $800.00 as their price target over the next twelve months.
In other news, Chen Xuefeng, Global Chief Exec. Officer bought 1 shares of the company’s stock on Jun 16. The stock was bought for $100 at an average price of $100.00. Upon completion of the transaction, the Global Chief Exec. Officer now directly owns 1 shares in the company, valued at $8.44. 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 VIRTU FINANCIAL LLC during the first quarter worth $69,000. XTX TOPCO LTD invested $40,000 in shares of FFIE during the first quarter. In the first quarter, Y-INTERCEPT (HONG KONG) LTD acquired a new stake in Faraday Future Intelligent Electric Inc. valued at approximately $27,000. LAURION CAPITAL MANAGEMENT LP acquired a new stake in FFIE for approximately $24,000. SQUAREPOINT OPS LLC purchased a new stake in FFIE valued at around $17,000 in the second quarter.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) opened at $9.45 on Tuesday. During the past 12 months, Faraday Future Intelligent Electric Inc. has had a low of $9.27 and a high of $118.40. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for FFIE is $19.58 and a two-hundred day moving average price translates $29.75 for the stock.
The latest earnings results from Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$8, missing analysts’ expectations of -$6.4 by -1.6. This compares to -$0.44 EPS in the same period last year. For the current quarter, analysts expect FFIE to generate $3M 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. The company was incorporated in 2014 and is headquartered in Los Angeles, California.
