The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $0.04 in the prior trading day, Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) closed at $0.04, up 2.00%. In other words, the price has increased by $2.00 from its previous closing price. On the day, 82.7 million shares were traded. FFIE stock price reached its highest trading level at $0.0436 during the session, while it also had its lowest trading level at $0.0381.
Ratios:
Our goal is to gain a better understanding of FFIE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.48 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.44.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 21 ’23 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.
Chen Xuefeng bought 1 shares of FFIE for $100 on Jun 16 ’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 1745317 and an Enterprise Value of 128812776. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 0.00. Its current Enterprise Value per Revenue stands at 233.78 whereas that against EBITDA is -0.507.
Stock Price History:
The Beta on a monthly basis for FFIE is 1.64, which has changed by -0.99937105 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, FFIE has reached a high of $117.36, while it has fallen to a 52-week low of $0.04. The 50-Day Moving Average of the stock is -62.98%, while the 200-Day Moving Average is calculated to be -99.64%.
Shares Statistics:
The stock has traded on average 27.59M shares per day over the past 3-months and 63892570 shares per day over the last 10 days, according to various share statistics. A total of 42.67M shares are outstanding, with a floating share count of 37.55M. Insiders hold about 12.00% of the company’s shares, while institutions hold 3.00% stake in the company. Shares short for FFIE as of 1713139200 were 24134156 with a Short Ratio of 0.87, compared to 1710460800 on 15207749. Therefore, it implies a Short% of Shares Outstanding of 24134156 and a Short% of Float of 56.92.
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$3.51 for the current quarter, with a high estimate of -$3.51 and a low estimate of -$3.51, while EPS last year was -$76.8. The consensus estimate for the next quarter is -$3.87, with high estimates of -$3.87 and low estimates of -$3.87.
Analysts are recommending an EPS of between -$47.97 and -$47.97 for the fiscal current year, implying an average EPS of -$47.97. EPS for the following year is -$15.39, with 1.0 analysts recommending between -$15.39 and -$15.39.
Revenue Estimates
For the next quarter, 1 analysts are estimating revenue of $4.25M. There is a high estimate of $4.25M for the next quarter, whereas the lowest estimate is $4.25M.
Based on 1 analysts’ estimates, the company’s revenue will be $85M in the next fiscal year. The high estimate is $85M and the low estimate is $85M.
