Faraday Future Intelligent Electric Inc (FFIE) down -61.67% since start of the year

Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) is -61.67% lower on its value in year-to-date trading and has touched a low of $0.08 and a high of $59.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FFIE stock was last observed hovering at around $0.09 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.09, the stock is -35.86% and -60.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.21 million and changing -0.56% at the moment leaves the stock -99.06% off its SMA200. FFIE registered -99.85% loss for a year compared to 6-month loss of -99.58%. The firm has a 50-day simple moving average (SMA 50) of $253.04 and a 200-day simple moving average (SMA200) of -$0.31.

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The stock witnessed a -47.48% gain in the last 1 month and extending the period to 3 months gives it a -91.65%, and is -24.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.70% over the week and 10.81% over the month.

Profit margin for the company is -97190.93%. Distance from 52-week low is 5.23% and -99.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-141.83%).

Faraday Future Intelligent Electric Inc quarterly earnings per share for the current quarter are estimated at -$1.17 with sales reaching $2.04M over the same period.

Faraday Future Intelligent Electric Inc (FFIE) Top Institutional Holders

55 institutions hold shares in Faraday Future Intelligent Electric Inc (FFIE), with institutional investors hold 3.22% of the company’s shares. Institutions hold 2.82% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 0.61 million shares valued at $9.8 million. The investor’s holdings represent 0.04% of the FFIE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 0.2 million shares valued at $3.18 million to account for 0.01% of the shares outstanding.

Faraday Future Intelligent Electric Inc (FFIE) Insider Activity

A total of 0 insider transactions have happened at Faraday Future Intelligent Electric Inc (FFIE) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Aydt Matthias ,the company’sGlobal Chief Exec. Officer. SEC filings show that Aydt Matthias bought 1 shares of the company’s common stock on Dec 21 at a price of $100.00 per share for a total of $100.0. Following the purchase, the insider now owns 1.0 shares.

Faraday Future Intelligent Electric Inc disclosed in a document filed with the SEC on Jun 16 that Chen Xuefeng (Global Chief Exec. Officer) bought a total of 1 shares of the company’s common stock. The trade occurred on Jun 16 and was made at $100.00 per share for $100.0. Following the transaction, the insider now directly holds 1.0 shares of the FFIE stock.