What Does Faraday Future Intelligent Electric Inc’s (NASDAQ: FFIE) Future Hold?

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) traded at $1.39 at close of the session on Tuesday, May 21, made a downward move of -22.78% on its previous day’s price.

Looking at the stock we see that its previous close was $1.80 . In terms of its 52-week price range, FFIE has a high of $117.36 and a low of $0.04. The company’s stock has gained about 2404.50% over that past 30 days.

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Faraday Future Intelligent Electric Inc has a market cap of $59.31 million. Estimates by analysts give the company expected earnings per share (EPS) of -$3.51, with the EPS growth for the year raised at -$47.97 for 2023 and -$15.39 for next year. These figures represent 86.70% and 67.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.04 million, with a low of $2.04 million and a high of $2.04 million.

On the other hand, looking at the outlook for the FFIE stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.

Looking further, we note the current price level is 351.47% off its SMA20 and 677.94% from its 50-day simple moving average. The RSI (14) is pointing at 66.89 while the volatility over the past week is 163.64% and jumps to 66.73% over the past one month. The beta value is 17.30, while the average true range (ATR) is currently pointing at 0.46.

Coming back to Faraday Future Intelligent Electric Inc (NASDAQ:FFIE), we note that the average 3-month trading volume was 135.02 million. Current shares outstanding are 42.67 million.

The insiders hold 12.00% of the company’s shares while institutions hold 3.35%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 100.66% up in year-to-date price movement.

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