Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) does about 213.10M shares in volume on a normal day but saw 80283583 shares change hands in Tuesday trading. The company now has a market cap of 191.71M USD. Its current market price is $0.43, marking a decrease of -5.59% compared to the previous close of $0.46. The 52 week high reached by this stock is $83.64 whilst the lowest price level in 52 weeks is $0.04.
Faraday Future Intelligent Electric Inc (FFIE) has a 20-day trading average at $0.4873 and the current price is -99.48% off the 52-week high compared with 1042.63% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4841 and its 200-day simple moving average is $1.4394. If we look at the stock’s price movements over the week, volatility stands at 41.41%, which decreases to 24.85% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.88 to suggest the stock is neutral.
The consensus objective for the share price is $2400.00, suggesting that the stock has a potential upside of 99.98% over the period.
Wedbush also downgraded the stock to “Neutral” from Outperform on November 16, 2021 at a price target of $10. Wedbush initiated its price target at $17.
Faraday Future Intelligent Electric Inc (FFIE) stock is up 63.85% over the week and -25.57% over the past month. Its price is -37.32% year-to-date and -99.10% over the past year.
To reach the target analysts have set, the stock logically needs to grow 99.98 percent from here.
The company has a return on investment of -161.08% and return on equity of -201.17%. The beta has a value of 5.74. Price to book ratio is 0.08 and price to sales ratio is 245.79.
