Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares, rose in value on Thursday, 05/25/23, with the stock price down by -4.13% to the previous day’s close as strong demand from buyers drove the stock to $0.21.
Actively observing the price movement in the last trading, the stock closed the session at $0.22, falling within a range of $0.18 and $0.2184. The value of beta (5-year monthly) was 1.95. Referring to stock’s 52-week performance, its high was $7.85, and the low was $0.15. On the whole, FFIE has fluctuated by 0.93% over the past month.
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With the market capitalization of Faraday Future Intelligent Electric Inc. currently standing at about $231.47 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 14, 2023 – Aug 18, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.1, which is expected to increase to -$0.08 for fiscal year -$0.24 and then to about -$0.28 by fiscal year 2024. Data indicates that the EPS growth is expected to be 84.00% in 2024, while the next year’s EPS growth is forecast to be -16.70%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FFIE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 0 recommend it as a Buy and 0 called the FFIE stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FFIE currently trading nearly -4.69% and -26.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.01, while the 7-day volatility ratio is showing 11.17% which for the 30-day chart, stands at 17.30%. Furthermore, Faraday Future Intelligent Electric Inc. (FFIE)’s average true range (ATR) is 0.03.
Data on historical trading for Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) indicates that the trading volumes over the past 10 days have averaged 74.48 million and over the past 3 months, they’ve averaged 63.42 million. According to company’s latest data on outstanding shares, there are 1.14 billion shares outstanding.
Nearly 0.20% of Faraday Future Intelligent Electric Inc.’s shares belong to company insiders and institutional investors own 12.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 142.53 million shares as on Apr 27, 2023, resulting in a short ratio of 2.39. According to the data, the short interest in Faraday Future Intelligent Electric Inc. (FFIE) stood at 18.83% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 150.33 million. The stock has fallen by -28.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FFIE stock heading into the next quarter.