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Faraday Future Intelligent Electric Inc. (FFIE) Suffers From Weak Fundamental Momentum

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has seen 140.54 million shares traded in the last trading session. The company, currently valued at $396.15M, closed the last trade at $0.92 per share which meant it gained $0.31 on the day or 50.64% during that session. The FFIE stock price is -753.26% off its 52-week high price of $7.85 and 72.83% above the 52-week low of $0.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 44.14 million shares traded. The 3-month trading volume is 34.55 million shares.

The consensus among analysts is that Faraday Future Intelligent Electric Inc. (FFIE) is a Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.37.

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Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) trade information

Sporting 50.64% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the FFIE stock price touched $0.92 or saw a rise of 6.6%. Year-to-date, Faraday Future Intelligent Electric Inc. shares have moved 218.19%, while the 5-day performance has seen it change 83.38%. Over the past 30 days, the shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) have changed 157.66%. Short interest in the company has seen 43.61 million shares shorted with days to cover at 1.38.

Wall Street analysts have a consensus price target for the stock at $10.00, which means that the shares’ value could jump 90.8% from current levels. The projected low price target is $10.00 while the price target rests at a high of $10.00. In that case, then, we find that the current price level is -986.96% off the targeted high while a plunge would see the stock gain -986.96% from current levels.

Faraday Future Intelligent Electric Inc. (FFIE) estimates and forecasts

The company’s shares have lost -64.47% over the past 6 months, compared to 4.40% for the industry.

1 analysts offering their estimates for the company have set an average revenue estimate of $10 million for the current quarter. 1 have an estimated revenue figure of $26.25 million for the next quarter concluding in Dec 2022.

FFIE Dividends

Faraday Future Intelligent Electric Inc. is expected to release its next earnings report on August 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s Major holders

Insiders own 44.23% of the company shares, while shares held by institutions stand at 20.10% with a share float percentage of 36.04%. Investors are also buoyed by the number of investors in a company, with Faraday Future Intelligent Electric Inc. having a total of 153 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 7.55 million shares worth more than $19.63 million. As of Jun 29, 2022, Blackrock Inc. held 1.92% of shares outstanding.

The other major institutional holder is Anatole Investment Management Ltd, with the holding of over 6.0 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $15.6 million and represent 1.53% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 0.72% shares in the company for having 2.82 million shares of worth $7.33 million while later fund manager owns 2.31 million shares of worth $6.01 million as of Jun 29, 2022, which makes it owner of about 0.59% of company’s outstanding stock.

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