Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) Drops -10.34 Percent In A Week: What Motivates The Stock?

In last trading session, Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) saw 3.99 million shares changing hands with its beta currently measuring 5.66. Company’s recent per share price level of $1.82 trading at -$0.09 or -4.71% at ring of the bell on the day assigns it a market valuation of $60.76M. That closing price of FFIE’s stock is at a discount of -8471.43% from its 52-week high price of $156.00 and is indicating a premium of 16.48% from its 52-week low price of $1.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.96 million shares which gives us an average trading volume of 10.93 million if we extend that period to 3-months.

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

Upright in the red during last session for losing -4.71%, in the last five days FFIE remained trading in the red while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $1.82 price level, adding 15.74% to its value on the day. Faraday Future Intelligent Electric Inc’s shares saw a change of -93.43% in year-to-date performance and have moved -10.34% in past 5-day. Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) showed a performance of -21.89% in past 30-days. Number of shares sold short was 4.72 million shares which calculate 0.6 days to cover the short interests.

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Faraday Future Intelligent Electric Inc (FFIE) estimates and forecasts

This year revenue growth is estimated to rise 10,741.80% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 12.75M for the same. And 1 analysts are in estimates of company making revenue of 25.5M in the next quarter.

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

Insiders are in possession of 1.42% of company’s total shares while institution are holding 26.69 percent of that, with stock having share float percentage of 27.07%. Investors also watch the number of corporate investors in a company very closely, which is 26.69% institutions for Faraday Future Intelligent Electric Inc that are currently holding shares of the company. ALPHAMARK ADVISORS, LLC is the top institutional holder at FFIE for having 4250.0 shares of worth $2000.0. And as of 2024-06-30, it was holding 0.0515 of the company’s outstanding shares.