Market Update: Faraday Future Intelligent Electric Inc (FFIE) Sees Negative Movement, Closing at 2.78

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In the latest session, Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) closed at $2.78 down -7.64% from its previous closing price of $3.01. In other words, the price has decreased by -$7.64 from its previous closing price. On the day, 6.47 million shares were traded. FFIE stock price reached its highest trading level at $3.07 during the session, while it also had its lowest trading level at $2.76.

Ratios:

For a deeper understanding of Faraday Future Intelligent Electric Inc’s stock, let’s take a closer look at its various ratios. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 34416676 and an Enterprise Value of 141875536. For the stock, the TTM Price-to-Sale (P/S) ratio is 28.42 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 131.488 whereas that against EBITDA is -0.908.

Stock Price History:

Over the past 52 weeks, FFIE has reached a high of $259.20, while it has fallen to a 52-week low of $1.52. The 50-Day Moving Average of the stock is -63.39%, while the 200-Day Moving Average is calculated to be -79.88%.

Shares Statistics:

For the past three months, FFIE has traded an average of 8.92M shares per day and 6834080 over the past ten days. Shares short for FFIE as of 1726185600 were 3532708 with a Short Ratio of 0.40, compared to 1723680000 on 1399054. Therefore, it implies a Short% of Shares Outstanding of 3532708 and a Short% of Float of 28.549999999999997.

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