Trading Update: Faraday Future Intelligent Electric Inc (FFIE) Stock Endures 14.01% Monthly Volatility

The stock of Faraday Future Intelligent Electric Inc (FFIE) has gone down by -14.35% for the week, with a -43.42% drop in the past month and a 622.34% rise in the past quarter. The volatility ratio for the week is 11.27%, and the volatility levels for the past 30 days are 14.01% for FFIE. The simple moving average for the last 20 days is -19.13% for FFIE stock, with a simple moving average of -59.97% for the last 200 days.

Is It Worth Investing in Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) Right Now?

The stock has a 36-month beta value of 5.77. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for FFIE is 441.21M, and at present, short sellers hold a 7.76% of that float. On July 30, 2024, the average trading volume of FFIE was 222.69M shares.

FFIE) stock’s latest price update

Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) has seen a decline in its stock price by -4.82 in relation to its previous close of 0.36. However, the company has experienced a -14.35% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-07-25 that The clock is ticking for Faraday Future Intelligent Electric (NASDAQ: FFIE ). The upscale electric vehicle manufacturer faces several important deadlines in the weeks ahead.

Analysts’ Opinion of FFIE

Wedbush, on the other hand, stated in their research note that they expect to see FFIE reach a price target of $10. The rating they have provided for FFIE stocks is “Neutral” according to the report published on November 16th, 2021.

Wedbush gave a rating of “Outperform” to FFIE, setting the target price at $17 in the report published on August 17th of the previous year.

FFIE Trading at -43.74% 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 -99.59% of loss for the given period.

Volatility was left at 14.01%, however, over the last 30 days, the volatility rate increased by 11.27%, as shares sank -32.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.84% lower at present.

During the last 5 trading sessions, FFIE fell by -14.35%, which changed the moving average for the period of 200-days by -90.65% in comparison to the 20-day moving average, which settled at $0.4115. In addition, Faraday Future Intelligent Electric Inc saw -50.99% 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 Aydt Matthias, who purchase 1 shares at the price of $100.00 back on Jun 21 ’24. After this action, Aydt Matthias now owns 1 shares of Faraday Future Intelligent Electric Inc, valued at $100 using the latest closing price.

Aydt Matthias, the Global Chief Exec. Officer of Faraday Future Intelligent Electric Inc, purchase 1 shares at $100.00 during a trade that took place back on Dec 21 ’23, which means that Aydt Matthias is holding 1 shares at $100 based on the most recent closing price.

Stock Fundamentals for FFIE

Current profitability levels for the company are sitting at:

  • -11.61 for the present operating margin
  • -0.97 for the gross margin

The net margin for Faraday Future Intelligent Electric Inc stands at -8.31. The total capital return value is set at -1.01. Equity return is now at value -201.17, with -78.66 for asset returns.

Based on Faraday Future Intelligent Electric Inc (FFIE), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -1.93. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is -40.16.

Currently, EBITDA for the company is -473.6 million with net debt to EBITDA at -0.3. When we switch over and look at the enterprise to sales, we see a ratio of 12.42. The receivables turnover for the company is 3361.14for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.35.

Conclusion

To sum up, Faraday Future Intelligent Electric Inc (FFIE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.

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