Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) finished Thursday with an addition of $0.01 to close at $0.19, an upside of 2.78 percent. An average of 76,351,219 shares of common stock have been traded in the last five days. There was a fall of -$0.0900 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 57,324,555 shares traded, while the 50-day average volume stands at 73,375,320.
FFIE stock has decreased by -32.85% in the last month. The company shares reached their 1-month lowest point of $0.1682 on 08/24/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $0.15 and a high of $1.78 in 52 weeks. It has reached a new high 12 times so far this year and lost -36.27% or -$0.1053 in price. In spite of this, the price is down -89.61% from the 52-week high.
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Valuation Metrics
Faraday Future Intelligent Electric Inc. (FFIE) stock’s beta is 2.02. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.47.
Financial Health
The quick ratio of Faraday Future Intelligent Electric Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.45 for the quarter ending June 29. Its gross profit as reported stood at $9.44 million compared to revenue of $437.14 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 -70.90%.
Earnings Surprise
For the three-month period that ended June 29, Faraday Future Intelligent Electric Inc. had $92.67 million in total debt. The company posted a net income of $6.49 million in the quarter, while revenues of -$153.9 million were grew 2459.01%. The analyst consensus anticipated Faraday Future Intelligent Electric Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.1, a -25.00% surprise. For the quarter, EBITDA amounted to -$41.87 million. Shareholders own equity worth $1.49 billion.
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 24 August was 32.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 178.15%.
As of today, FFIE’s price is $0.2008 -32.73% or -$0.0900 from its 5-day moving average. FFIE is currently trading -28.52% lower than its 20-day SMA and -47.75% lower than its 100-day SMA. However, the stock’s current price level is -43.94% below the SMA50 and -68.16% below the SMA200.
The stochastic %K and %D were 6.74% and 7.22%, respectively, and the average true range (ATR) was 0.0337. With the 14-day stochastic at 10.51% and the average true range at 0.0340, the RSI (14) stands at 36.55%. The stock has reached -0.0397 on the 9-day MACD Oscillator while the 14-day reading was at -0.0577.
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.
