Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) currently has a daily average trading volume of 7.11M but it saw 4531476 shares traded in last market. With a market cap of 69.00M USD, the company’s current market price of $6.25 came falling about -11.72 while comparing to the previous closing price of $7.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $1344.00 and as low as $1.52. In the recent trading on the day, stock has struck highest price mark of $6.11 while lowest mark touched by it was $7.23.
Taking a look at 20-day trading activity of Faraday Future Intelligent Electric Inc (FFIE) gives us an average price of $7.63, while its current price level is -99.53% below from 52-week high level whereas it is 311.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.91 while that of 200 days or SMA-200 reads an average of $19.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 62.13% during that period while stretching the period over a month that decreases to 29.24%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.88 which implies that the stock is in neutral territory.
Wedbush downgraded its recommendation for the stock as a “Neutral” from “Outperform” on November 16, 2021 while assigning a price target of $10. Wedbush issued its recommendations for the stock as it initiated the price target for the stock is $17.
Over the week, FFIE’s stock price is moving 74.09% up while it is -50.55% when we observe its performance for the past one month. Year-to-date it is -77.44% down and over the past year, the stock is showing a downside performance of -99.45%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -960 beaten by the consensus estimate of -768 for the same. The company is expected to be releasing its next quarterly report on 2024-Jul-30, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $25.5M as analysts are expecting the sales for current fiscal year at $85M and seeing the company making $610M in sales next year. Moreover, analysts are in estimates of $12.75M for current-quarter revenue.
Currently, Faraday Future Intelligent Electric Inc’s total number of outstanding shares is 1.06M with 1.03% of that held by the insiders while 1.38% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -169.25% and return on equity (ROE) at -149.51%. Stock’s beta reads 5.69. Stock has a price to book (P/B) ratio of 0.46 while price to sale or P/S ratio amounts to 63.89. Its return on asset (ROA) is -62.17% on average.
