Value gained By Faraday Future Intelligent Electric Inc. (FFIE) In The Past Week: $1.1300

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Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) finished Wednesday with a subtraction of -$0.09 to close at $0.85, a downside of -9.27 percent. An average of 87,960,875 shares of common stock have been traded in the last five days. There was a gain of $0.2565 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 48,183,414 shares traded, while the 50-day average volume stands at 42,876,637.

FFIE stock has increased by 140.15% in the last month. The company shares reached their 1-month lowest point of $0.2690 on 01/04/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $0.25 and a high of $7.85 in 52 weeks. It has reached a new high 11 times so far this year and achieved 193.83% or $0.5627 in price. In spite of this, the price is down -89.13% 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 September 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.26 for the quarter ending September 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 -70.40%.

Earnings Surprise

For the three-month period that ended September 29, Faraday Future Intelligent Electric Inc. had $44.53 million in cash and short-term investments compared to $46.95 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$103.38 million in the quarter, while revenues of -$141.69 million were shrunk -193.97%. The analyst consensus anticipated Faraday Future Intelligent Electric Inc.’s latest quarter earnings to come in at -$0.37 per share, but it turned out to be -$0.31, a 16.20% surprise. For the quarter, EBITDA amounted to -$75.13 million. Shareholders own equity worth $450.26 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 25 January was 75.34%, suggesting the stock is Overbought, with historical volatility in this time frame at 234.01%.

As of today, FFIE’s price is $0.7828 +43.00% or $0.2565 from its 5-day moving average. FFIE is currently trading +143.64% higher than its 20-day SMA and -23.84% lower than its 100-day SMA. However, the stock’s current price level is +37.89% above the SMA50 and -79.64% below the SMA200.

The stochastic %K and %D were 78.94% and 84.55%, respectively, and the average true range (ATR) was 0.1378. With the 14-day stochastic at 67.41% and the average true range at 0.1171, the RSI (14) stands at 72.41%. The stock has reached 0.2450 on the 9-day MACD Oscillator while the 14-day reading was at 0.3468.

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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