Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $0.09.
Actively observing the price movement in the last trading, the stock closed the session at $0.09. The value of beta (5-year monthly) was 1.55. Referring to stock’s 52-week performance, its high was $117.36, and the low was $0.09. On the whole, FFIE has fluctuated by -51.11% over the past month.
With the market capitalization of Faraday Future Intelligent Electric Inc currently standing at about $3.84 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$3.51, which is expected to increase to -$3.87 for fiscal year -$47.97 and then to about -$15.39 by fiscal year 2024. Data indicates that the EPS growth is expected to be 86.70% in 2024, while the next year’s EPS growth is forecast to be 67.90%.
Analysts have estimated the company’s revenue for the quarter at $2.04 million, with a low estimate of $2.04 million and a high estimate of $2.04 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FFIE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FFIE currently trading nearly -22.12% and -60.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.11, while the 7-day volatility ratio is showing 16.74% which for the 30-day chart, stands at 21.60%. Furthermore, Faraday Future Intelligent Electric Inc (FFIE)’s beta value is 1.46, and its average true range (ATR) is 0.03.
A comparison of Faraday Future Intelligent Electric Inc (FFIE) with its peers suggests the former has fared considerably weaker in the market. FFIE showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -99.89%%.
Data on historical trading for Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) indicates that the trading volumes over the past 10 days have averaged 31.44 million and over the past 3 months, they’ve averaged 12.71 million. According to company’s latest data on outstanding shares, there are 42.67 million shares outstanding.
Nearly 12.35% of Faraday Future Intelligent Electric Inc’s shares belong to company insiders and institutional investors own 2.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.21 million shares as on Mar 15, 2024, resulting in a short ratio of 1.04. According to the data, the short interest in Faraday Future Intelligent Electric Inc (FFIE) stood at 35.64% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.12 million. The stock has fallen by -87.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FFIE stock heading into the next quarter.
