Market Momentum Report: Faraday Future Intelligent Electric Inc (FFIE)’s Negative Close at 2.51

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The price of Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) closed at $2.51 in the last session, down -8.73% from day before closing price of $2.75. In other words, the price has decreased by -$8.73 from its previous closing price. On the day, 5.4 million shares were traded. FFIE stock price reached its highest trading level at $2.65 during the session, while it also had its lowest trading level at $2.46.

Ratios:

We take a closer look at FFIE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.15 and its Current Ratio is at 0.26. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.27.

On November 16, 2021, Wedbush Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $10.

On August 17, 2021, Wedbush started tracking the stock assigning a Outperform rating and target price of $17.Wedbush initiated its Outperform rating on August 17, 2021, with a $17 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 21 ’24 when Aydt Matthias bought 1 shares for $100.00 per share. The transaction valued at 100 led to the insider holds 1 shares of the business.

Aydt Matthias bought 1 shares of FFIE for $100 on Dec 21 ’23. The Global Chief Exec. Officer now owns 1 shares after completing the transaction at $100.00 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FFIE now has a Market Capitalization of 31074050 and an Enterprise Value of 138532928. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.66 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at 128.39 whereas that against EBITDA is -0.886.

Stock Price History:

Over the past 52 weeks, FFIE has reached a high of $210.00, while it has fallen to a 52-week low of $1.52. The 50-Day Moving Average of the stock is -49.71%, while the 200-Day Moving Average is calculated to be -79.20%.

Shares Statistics:

According to the various share statistics, FFIE traded on average about 9.81M shares per day over the past 3-months and 9683930 shares per day over the past 10 days. Shares short for FFIE as of 1727654400 were 4367304 with a Short Ratio of 0.45, compared to 1724976000 on 3758671. Therefore, it implies a Short% of Shares Outstanding of 4367304 and a Short% of Float of 35.3.

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