Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) shares, rose in value, with the stock price down by -1.80% to the previous day’s close as strong demand from buyers drove the stock to $0.05.
Actively observing the price movement in the last trading, the stock closed the session at $0.05. Referring to stock’s 52-week performance, its high was $117.36, and the low was $0.05. On the whole, FFIE has fluctuated by -51.05% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.59M, with a low estimate of 2.04M and a high estimate of 2.04M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.04M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 -37.50% and -63.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.43, while the 7-day volatility ratio is showing 17.88% which for the 30-day chart, stands at 16.57%. Furthermore, Faraday Future Intelligent Electric Inc (FFIE)’s beta value is 1.60, and its average true range (ATR) is 0.02.
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 -1.80% in last session, and over the past year, it shrunk by -99.90%%.
Data on historical trading for Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) indicates that the trading volumes over the past 3 months, they’ve averaged 20.38 million. According to company’s latest data on outstanding shares, there are 42.67 million shares outstanding.
Nearly 12.00% of Faraday Future Intelligent Electric Inc’s shares belong to company insiders and institutional investors own 2.98% of the company’s shares. The stock has fallen by -92.93% 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.
