Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) does about 6.92M shares in volume on a normal day but saw 29139491 shares change hands in the recent trading day. The company now has a market cap of 106.37M USD. Its current market price is $1.76, marking an increase of 33.33% compared to the previous close of $1.32. The 52 week high reached by this stock is $156.00 whilst the lowest price level in 52 weeks is $0.99.
Faraday Future Intelligent Electric Inc (FFIE) has a 20-day trading average at $1.2065 and the current price is -98.87% off the 52-week high compared with 77.17% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5378 and its 200-day simple moving average is $8.6471. If we look at the stock’s price movements over the week, volatility stands at 20.55%, which decreases to 13.64% 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 65.22 to suggest the stock is neutral.
The consensus objective for the share price is $96000.00, suggesting that the stock has a potential upside of 100.0% 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.
The current price level is 45.88%, 14.45%, and -79.65% away from its SMA20, SMA50, and SMA200 respectively, with the FFIE price moving below the 50-day SMA on current market day. Faraday Future Intelligent Electric Inc (FFIE) stock is up 60.00% over the week and 31.34% over the past month. Its price is -93.65% year-to-date and -95.62% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 100.0 percent from here.
Outstanding shares total 45.33M with insiders holding 1.42% of the shares and institutional holders owning 26.69% of the company’s common stock. The company has a return on investment of -159.37% and return on equity of -152.13%. The beta has a value of 5.31. Price to book ratio is 0.34 and price to sales ratio is 196.99.
