The Insider Activity Of Faraday Future Intelligent Electric Inc. (FFIE) Is Worth Monitoring


Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) finished Thursday with a subtraction of -$0.06 to close at $0.75, a downside of -7.61 percent. An average of 32,033,980 shares of common stock have been traded in the last five days. There was a fall of -$0.3146 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 33,212,090 shares traded, while the 50-day average volume stands at 25,572,340.

FFIE stock has decreased by -57.41% in the last month. The company shares reached their 1-month lowest point of $0.7380 on 09/22/22. With the stock rallying to its 52-week high on 07/18/22, shares of the company touched a low of $0.80 and a high of $11.24 in 52 weeks. It has reached a new high 4 times so far this year and lost -85.99% or -$4.5746 in price. In spite of this, the price is down -93.37% from the 52-week high.

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Financial Health

The quick ratio of Faraday Future Intelligent Electric Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.32 for the quarter ending June 29. Its gross profit as reported stood at $46.84 million compared to revenue of $354.15 million.

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 -84.70%.

Earnings Surprise

For the three-month period that ended June 29, Faraday Future Intelligent Electric Inc. had $47.59 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$141.69 million in the quarter, while revenues of -$153.1 million were grew 95.96%. The analyst consensus anticipated Faraday Future Intelligent Electric Inc.’s latest quarter earnings to come in at -$0.38 per share, but it turned out to be -$0.44, a -15.80% surprise. For the quarter, EBITDA amounted to -$132.47 million. Shareholders own equity worth $327.91 million.

Technical Picture

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 22 September was 24.33%, suggesting the stock is oversold, with historical volatility in this time frame at 100.18%.

As of today, FFIE’s price is $0.8621 -29.68% or -$0.3146 from its 5-day moving average. FFIE is currently trading -56.91% lower than its 20-day SMA and -71.11% lower than its 100-day SMA. However, the stock’s current price level is -87.37% below the SMA50 and -85.88% below the SMA200.

The stochastic %K and %D were 1.08% and 4.91%, respectively, and the average true range (ATR) was 0.1705. With the 14-day stochastic at 1.45% and the average true range at 0.2166, the RSI (14) stands at 28.76%. The stock has reached -0.1184 on the 9-day MACD Oscillator while the 14-day reading was at -0.1531.

Analyst Ratings

The Benchmark Company downgraded Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Faraday Future Intelligent Electric Inc. (FFIE) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FFIE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 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 $10.00 and $10.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Faraday Future Intelligent Electric Inc. (FFIE) stock is $10.00.


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