The stock of Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) has increased by 2.73 when compared to last closing price of 1.10. Despite this, the company has experienced a -25.17% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-12-01 that LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced its commitment to local sourcing for manufacturing equipment in Ras Al-Khaimah, UAE. This strategic initiative aligns with the Company’s focus on fostering regional partnerships, streamlining logistics, and accelerating delivery timelines for its planned UAE manufacturing oper.
Is It Worth Investing in Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) Right Now?
The stock has a 36-month beta value of 5.33. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for FFIE is 41.28M, and at present, short sellers hold a 17.92% of that float. On December 03, 2024, the average trading volume of FFIE was 8.14M shares.
FFIE’s Market Performance
FFIE stock saw a decrease of -25.17% in the past week, with a monthly decline of -44.88% and a quarterly a decrease of -67.06%. The volatility ratio for the week is 15.27%, and the volatility levels for the last 30 days are 12.09% for Faraday Future Intelligent Electric Inc (FFIE). The simple moving average for the past 20 days is -23.57% for FFIE’s stock, with a -87.76% 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 -45.25% 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 -99.28% of loss for the given period.
Volatility was left at 12.09%, however, over the last 30 days, the volatility rate increased by 15.27%, as shares sank -44.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -66.47% lower at present.
During the last 5 trading sessions, FFIE fell by -25.17%, which changed the moving average for the period of 200-days by -91.37% in comparison to the 20-day moving average, which settled at $1.4785. In addition, Faraday Future Intelligent Electric Inc saw -95.92% 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 Chad, who sale 15,000 shares at the price of $1.57 back on Nov 25 ’24. After this action, Chen Chad now owns 7,943 shares of Faraday Future Intelligent Electric Inc, valued at $23,550 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 Jun 21 ’24, 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:
- -334.4 for the present operating margin
- -153.51 for the gross margin
The net margin for Faraday Future Intelligent Electric Inc stands at -592.9. The total capital return value is set at -0.89. Equity return is now at value -152.13, with -61.91 for asset returns.
Based on Faraday Future Intelligent Electric Inc (FFIE), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at -1.2. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -11.58.
Currently, EBITDA for the company is -383.13 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 298.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
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.
