The stock of Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) has decreased by -4.40 when compared to last closing price of 0.22. Despite this, the company has experienced a -18.15% fall in its stock price over the last five trading sessions. investorplace.com reported 2024-08-06 that Over the years, I try to steer clear of overly direct assessments of publicly traded enterprises, especially if my opinion is negative. However, with premium electric vehicle manufacturer Faraday Future (NASDAQ: FFIE ), I’m afraid I’m going to have to be blunt.
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 5.83. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FFIE is 441.21M, and at present, short sellers hold a 10.63% of that float. The average trading volume of FFIE on August 13, 2024 was 213.43M shares.
FFIE’s Market Performance
FFIE stock saw a decrease of -18.15% in the past week, with a monthly decline of -49.55% and a quarterly a decrease of 361.82%. The volatility ratio for the week is 13.84%, and the volatility levels for the last 30 days are 13.45% for Faraday Future Intelligent Electric Inc (FFIE). The simple moving average for the past 20 days is -38.87% for FFIE’s stock, with a -68.70% simple moving average for the past 200 days.
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 -50.12% 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 -99.70% of loss for the given period.
Volatility was left at 13.45%, however, over the last 30 days, the volatility rate increased by 13.84%, as shares sank -59.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.85% lower at present.
During the last 5 trading sessions, FFIE fell by -19.26%, which changed the moving average for the period of 200-days by -93.33% in comparison to the 20-day moving average, which settled at $0.3330. In addition, Faraday Future Intelligent Electric Inc saw -69.27% 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:
- -9.94 for the present operating margin
- -1.69 for the gross margin
The net margin for Faraday Future Intelligent Electric Inc stands at -14.24. The total capital return value is set at -0.96. Equity return is now at value -146.51, with -62.27 for asset returns.
Based on Faraday Future Intelligent Electric Inc (FFIE), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -1.57. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 1097.72.
Currently, EBITDA for the company is -473.6 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 9.11. The receivables turnover for the company is 3361.43for trailing twelve months and the total asset turnover is 0.05. 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.
