Faraday Future Intelligent Electric Inc (NASDAQ: FFIE): A Business Review And Growth Forecast

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In the last trading session, 3.42 million shares of the Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) were traded, and its beta was 4.81. Most recently the company’s share price was $1.31, and it changed around -$0.02 or -1.50% from the last close, which brings the market valuation of the company to $95.56M. FFIE currently trades at a discount to its 52-week high of $156.00, offering almost -11808.4% off that amount. The share price’s 52-week low was $0.99, which indicates that the current value has risen by an impressive 24.43% since then. We note from Faraday Future Intelligent Electric Inc’s average daily trading volume that its 10-day average is 9.47 million shares, with the 3-month average coming to 16.33 million.

Faraday Future Intelligent Electric Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended FFIE as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Faraday Future Intelligent Electric Inc is expected to report earnings per share of 0 for the current quarter.

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

Instantly FFIE has showed a red trend with a performance of -1.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.4200 on recent trading dayincreased the stock’s daily price by 7.75%. The company’s shares are currently down -46.09% year-to-date, but still down -0.76% over the last five days. On the other hand, Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) is -39.07% down in the 30-day period. We can see from the shorts that 4.72 million shares have been sold at a short interest cover period of 0.6 day(s).

FFIE Dividends

Faraday Future Intelligent Electric Inc’s next quarterly earnings report is expected to be released in March.

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

Upon looking at major shareholders, it appears that insiders hold 1.42% of Faraday Future Intelligent Electric Inc shares, and 26.69% of them are in the hands of institutional investors. The stock currently has a share float of 27.07%. Faraday Future Intelligent Electric Inc stock is held by 56.0 institutions, with ALPHAMARK ADVISORS, LLC being the largest institutional investor. By 2024-06-30, it held 0.0515% of the shares, which is about 4250.0 shares worth $2000.0.

Fidelity Extended Market Index Fund and Victory Portfolios III-Victory Extended Market Index Fd were the top two Mutual Funds as of Nov 30, 2024 . The former held 69.4 shares worth $90919.0, making up 0.10% of all outstanding shares. On the other hand, Victory Portfolios III-Victory Extended Market Index Fd held roughly 62.59 shares worth around $81988.0, which represents about 0.09% of the total shares outstanding.