A Closer Look At Faraday Future Intelligent Electric Inc. (FFIE)’s Financials


As of Wednesday close, Faraday Future Intelligent Electric Inc.’s (NASDAQ:FFIE) stock was down -$0.01, moving down -2.35 percent to $0.32. The average number of shares traded per day over the past five days has been 31,495,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1464 fall in that time frame. In the last twenty days, the average volume was 23,758,756, while in the previous 50 days, it was 26,540,037.

Since last month, FFIE stock retreated -43.61%. Shares of the company fell to $0.3061 on 11/22/22, the lowest level in the past month. A 52-week high of $7.85 was reached on 07/18/22 after having rallying from a 52-week low of $0.31. Since the beginning of this year, FFIE’s stock price has dropped by -93.90% or -$4.9954, and marked a new high 4 times. However, the stock has declined by -95.86% since its 52-week high.

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Financial Health

In the three months ended September 29, Faraday Future Intelligent Electric Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.02, and the total debt-to-equity ratio was 0.32. Based on annual data, FFIE earned $46.84 million in gross profit and brought in $354.15 million in revenue.

In Faraday Future Intelligent Electric Inc.’s quarter-end financial report for September 29, it reported total debt of $46.95 million against cash and short-term investments of $44.53 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Faraday Future Intelligent Electric Inc. to report -$0.37 quarterly earnings, the actual figure was -$0.31 per share, beating the consensus estimate by 16.20%. During the quarter, the company generated -$75.13 million in EBITDA. The liabilities of Faraday Future Intelligent Electric Inc. were 253.36 million at the end of its most recent quarter ended September 29, and its total debt was $94.06 million. The value of shareholders’ equity is $450.26 million.

Technical Picture

This quick technical analysis looks at Faraday Future Intelligent Electric Inc.’s (FFIE) price momentum. With a historical volatility rate of 50.53%, the RSI 9-day stood at 24.57% on 23 November.

With respect to its five-day moving average, the current Faraday Future Intelligent Electric Inc. price is down by -31.08% percent or -$0.1464. At present, FFIE shares trade -42.68% below its 20-day simple moving average and -93.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -65.71% below its SMA50 and -92.34% below its SMA200.

Stochastic coefficient K was 4.06% and Stochastic coefficient D was 3.40%, while ATR was 0.0714. Given the Stochastic reading of 3.39% for the 14-day period, the RSI (14) reading has been calculated as 30.30%. As of today, the MACD Oscillator reading stands at -0.1070, while the 14-day reading stands at -0.1723.

Analyst Ratings

Faraday Future Intelligent Electric Inc. downgraded its rating on Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) to a Hold in a note to investors on August 16, 2022. The analysts firm previously had a Buy rating on the stock.Faraday Future Intelligent Electric Inc. (FFIE) has been rated Hold by analysts. According to 0 brokerage firms, FFIE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Faraday Future Intelligent Electric Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $10.00 – $10.00. Based on these forecasts, analysts predict Faraday Future Intelligent Electric Inc. (FFIE) will achieve an average price target of $10.00.


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