Why Should We Buy Faraday Future Intelligent Electric Inc (FFIE) Stock?

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) has a beta value of 4.81 and has seen 36.53 million shares traded in the last trading session. The company, currently valued at $116.70M, closed the last trade at $1.60 per share which meant it lost -$0.17 on the day or -9.60% during that session. The FFIE stock price is -9650.0% off its 52-week high price of $156.00 and 38.12% above the 52-week low of $0.99. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.57 million shares traded. The 3-month trading volume is 16.49 million shares.

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

Sporting -9.60% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FFIE stock price touched $1.60 or saw a rise of 20.79%. Year-to-date, Faraday Future Intelligent Electric Inc shares have moved -34.16%, while the 5-day performance has seen it change 22.14%. Over the past 30 days, the shares of Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) have changed 3.23%. Short interest in the company has seen 18.28 million shares shorted with days to cover at 0.7.

Faraday Future Intelligent Electric Inc (FFIE) estimates and forecasts

The company’s shares have lost -76.18% over the past 6 months.

FFIE Dividends

Faraday Future Intelligent Electric Inc is expected to release its next earnings report in March 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 4.51% of the company shares, while shares held by institutions stand at 9.31% with a share float percentage of 9.75%. Investors are also buoyed by the number of investors in a company, with Faraday Future Intelligent Electric Inc having a total of 51.0 institutions that hold shares in the company. The top two institutional holders are ALPHAMARK ADVISORS, LLC with over 4250.0 shares worth more than $2000.0. As of 2024-06-30, ALPHAMARK ADVISORS, LLC held 0.0515% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Victory Portfolios III-Victory Extended Market Index Fd . As of Nov 30, 2024 , the former fund manager holds about 0.10% shares in the company for having 69.4 shares of worth $0.11 million while later fund manager owns 62.59 shares of worth $0.1 million as of Oct 31, 2024 , which makes it owner of about 0.09% of company’s outstanding stock.