Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) price on Friday, October 25, rose 8.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.16.
A look at the stock’s price movement, the close in the last trading session was $2.00, moving within a range at $2.08 and $2.51. The beta value (5-Year monthly) was 5.608. Turning to its 52-week performance, $156.00 and $1.52 were the 52-week high and 52-week low respectively. Overall, FFIE moved -28.24% over the past month.
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Faraday Future Intelligent Electric Inc’s market cap currently stands at around $23.85 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Jul-30.
Analysts have a consensus estimate of 12.75M for the company’s revenue for the quarter, with a low and high estimate of 12.75M and 12.75M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 85M, representing a 10,741.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FFIE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
FFIE’s current price about -11.17% and -41.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.47, while 7-day volatility ratio is 9.97% and 10.07% in the 30-day chart. Further, Faraday Future Intelligent Electric Inc (FFIE) has a beta value of 5.62, and an average true range (ATR) of 0.41.
If we refocus on Faraday Future Intelligent Electric Inc (NASDAQ:FFIE), historical trading data shows that trading volumes averaged 3.5 over the past 10 days and 10.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.06 million shares.
Also important is the data on short interest which shows that short shares stood at 4.37 million on 2024-09-30, giving us a short ratio of 0.42. The data shows that as of 2024-09-30 short interest in Faraday Future Intelligent Electric Inc (FFIE) stood at 3529.9999999999995 of shares outstanding, with shares short rising to 3.76 million registered in 2024-08-30. Current price change has pushed the stock -92.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FFIE stock continues to rise going into the next quarter.
