Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) does about 13.61M shares in volume on a normal day but saw 37145709 shares change hands in the recent trading day. The company now has a market cap of 124.24M USD. Its current market price is $3.18, marking a decrease of -13.82% compared to the previous close of $3.69. 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 $1.61 and the current price is -97.96% off the 52-week high compared with 220.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.61 and its 200-day simple moving average is $8.63. If we look at the stock’s price movements over the week, volatility stands at 51.62%, which decreases to 21.86% 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 66.55 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 98.01%, 97.47%, and -63.15% 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 140.91% over the week and 197.20% over the past month. Its price is 30.86% year-to-date and -85.00% over the past year.
To reach the target analysts have set, the stock logically needs to grow 100.0 percent from here.
The company has a return on investment of -159.37% and return on equity of -152.13%. The beta has a value of 4.84. Price to book ratio is 0.62 and price to sales ratio is 230.07.
