The stock of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) decreased by $0.0 on Monday to finish at $0.27, up 0.75 percent. The last five days have seen an average of 32,105,000 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.0222. The average number of shares traded over the last 20 days was 55,030,480, while the average volume over the last 50 days totaled 83,320,492.
FFIE stock appreciated 5.51% since last month. On 07/28/23, the company’s shares reached a one-month low of $0.2480. The stock touched a high of $2.81 on 02/06/23, after rallying from a low of $0.15 in 52 weeks. The price of FFIE stock has declined by -7.65% or -$0.0222 this year, reaching a new high 12 times. Still, the stock price is down -90.46% from the 52-week high.
Insider Transactions
FFIE stock investors should be aware that Faraday Future Intelligent Electric Inc. (FFIE) stock had its last reported insider trading activity 60 days ago on Jun 16. On Jun 16, Global Chief Exec. Officer Chen Xuefeng acquired 1 shares at $100.00 each. This transaction resulted in the insider spending $100.
Financial Health
For the three months ended March 30, Faraday Future Intelligent Electric Inc.’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.39, and the total debt to equity ratio is 0.45. Based on annual data, it had gross profit of $11.12 million and revenue of $450.99 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FFIE’s return on assets (ROA) during the last 12 months has been -70.90%. In the meantime, the return on equity (ROE) for the last 12 months was -152.70%.
Earnings Surprise
According to Faraday Future Intelligent Electric Inc.’s quarterly financial report for the quarter that ended March 30, it had $92.67 million in total debt versus $55.41 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Faraday Future Intelligent Electric Inc.’s quarterly earnings would be $0.01, but it ended up being -$0.1. EBITDA was -$81.19 million for the quarter. At the end of Faraday Future Intelligent Electric Inc.’s most recent quarter ended March 30, its liabilities totaled 318.9 million, while its total debt was $134.07 million. Equity owned by shareholders amounts to $1.14 billion.
Technical Picture
Here’s a quick look at Faraday Future Intelligent Electric Inc.’s (FFIE) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 43.17%, suggesting the stock is Neutral, with a 64.36% historical volatility rate.
The stochastic %K and %D were 17.65% and 19.96% respectively, while the average true range (ATR) was 0.0307. Based on the 14-day stochastic reading of 20.00%, the RSI (14) reading is 47.27%. On the 9-day MACD Oscillator, the stock is at -0.0259, and the 14-day reading is at -0.0232.
Analyst Ratings
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) was downgraded by The Benchmark Company to a a Hold rating in its latest research report. The stock was previously rated as a a Buy.
What is FFIE’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $10.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Faraday Future Intelligent Electric Inc. (FFIE) is $10.00.
