Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) trading with an addition of $0.25 to $7.90 on Thursday, an upside of 3.27 percent. An average of 1,985,803 shares of common stock have been traded in the last five days. There was a fall of -$1.46 in the past week. The last 20 days have seen an average of 2,467,086 shares traded, while the 50-day average volume stands at 2,161,190.
FFIE stock has decreased by -16.67% in the last month. The company shares reached their 1-month lowest point of $7.40 on 10/06/21. With the stock rallying to its 52-week high on 02/01/21, shares of the company touched a low of $7.40 and a high of $20.75 in 52 weeks. In spite of this, the price is down -61.93% from the 52-week high.
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Faraday Future Intelligent Electric Inc. (FFIE) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 20.41 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.26.
The quick ratio of Faraday Future Intelligent Electric Inc. for the three months ended March 30 was 0.10, and the current ratio was 0.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Faraday Future Intelligent Electric Inc.’s return on assets was -4.40%.
The analyst consensus anticipated Faraday Future Intelligent Electric Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.25, a -177.80% surprise. Shareholders own equity worth $29.52 million.
From a technical analysis perspective, let’s take a brief look at Faraday Future Intelligent Electric Inc. (FFIE) price momentum. RSI 9-day as of the close on 06 October was 30.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.82%.
As of today, FFIE’s price is $8.33 -15.47% or -$1.46 from its 5-day moving average. FFIE is currently trading -13.27% lower than its 20-day SMA and -27.72% lower than its 100-day SMA. However, the stock’s current price level is -34.49% below the SMA50 and -20.20% below the SMA200.
The stochastic %K and %D were 7.82% and 4.78%, respectively, and the average true range (ATR) was 0.68. With the 14-day stochastic at 14.13% and the average true range at 0.71, the RSI (14) stands at 34.97%. The stock has reached -1.04 on the 9-day MACD Oscillator while the 14-day reading was at -1.63.
Wedbush launched coverage on Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) in its analyst report released on August 17, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Faraday Future Intelligent Electric Inc. (FFIE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FFIE, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is FFIE’s price target for the next 12 months?
Analysts predict a range of price targets between $17.00 and $20.00, with a median target of $18.50. Taking a look at these predictions, the average price target given by analysts for Faraday Future Intelligent Electric Inc. (FFIE) stock is $18.50.