Faraday Future Intelligent Electric Inc (NASDAQ: FFIE)’s stock price has plunge by 8.75relation to previous closing price of 0.52. Nevertheless, the company has seen a -28.13% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-14 that Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE ) Q3 2023 Earnings Conference Call November 13, 2023 7:30 PM ET Company Participants Jonathan Maroko – Interim CFO Matthias Aydt – Global CEO Conference Call Participants Michael Ward – The Benchmark Co. Stephen Gengaro – Stifel Laura Li – Deutsche Bank Operator Greetings, and welcome to the Faraday Future Intelligent Electric Third Quarter 2023 earnings call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) Right Now?
The 36-month beta value for FFIE is also noteworthy at 2.08. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for FFIE is $800.00, which is $799.43 above than the current price. FFIE currently shorts hold a – ratio of the float.The average trading volume of FFIE on November 20, 2023 was 5.83M shares.
FFIE’s Market Performance
The stock of Faraday Future Intelligent Electric Inc (FFIE) has seen a -28.13% decrease in the past week, with a -51.88% drop in the past month, and a -96.54% fall in the past quarter. The volatility ratio for the week is 20.06%, and the volatility levels for the past 30 days are at 12.19% for FFIE. The simple moving average for the past 20 days is -42.37% for FFIE’s stock, with a -97.17% simple moving average for the past 200 days.
FFIE Trading at -69.25% from the 50-Day Moving Average
After a stumble in the market that brought FFIE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.46% of loss for the given period.
Volatility was left at 12.19%, however, over the last 30 days, the volatility rate increased by 20.06%, as shares sank -51.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -84.90% lower at present.
During the last 5 trading sessions, FFIE fell by -28.13%, which changed the moving average for the period of 200-days by -99.28% in comparison to the 20-day moving average, which settled at $0.9551. In addition, Faraday Future Intelligent Electric Inc saw -97.56% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FFIE starting from Chen Xuefeng, who purchase 1 shares at the price of $100.00 back on Jun 16. After this action, Chen Xuefeng now owns 1 shares of Faraday Future Intelligent Electric Inc, valued at $100 using the latest closing price.
Stock Fundamentals for FFIE
The total capital return value is set at -84.52, while invested capital returns managed to touch -139.81. Equity return is now at value -194.90, with -95.61 for asset returns.
Based on Faraday Future Intelligent Electric Inc (FFIE), the company’s capital structure generated 34.12 points at debt to equity in total, while total debt to capital is 25.44. Total debt to assets is 12.96, with long-term debt to equity ratio resting at 25.19. Finally, the long-term debt to capital ratio is 18.78.
When we switch over and look at the enterprise to sales, we see a ratio of 110.04, with the company’s debt to enterprise value settled at 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
In summary, Faraday Future Intelligent Electric Inc (FFIE) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.