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Faraday Future Intelligent Electric Inc (FFIE) Is Down -96.14% in 2024 With Lots of Room to Run

Faraday Future Intelligent Electric Inc (NASDAQ: FFIE) is -96.14% lower on its value in year-to-date trading and has touched a low of $0.99 and a high of $156.00 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 $1.13 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $1.07, the stock is -25.44% and -47.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.08 million and changing -5.31% at the moment leaves the stock -88.34% off its SMA200. FFIE registered -97.65% loss for a year compared to 6-month loss of -95.20%. The firm has a 50-day simple moving average (SMA 50) of $2.0641 and a 200-day simple moving average (SMA200) of $9.231375.

The stock witnessed a -47.03% gain in the last 1 month and extending the period to 3 months gives it a -79.58%, and is -24.65% 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 12.77% over the week and 12.27% over the month.

Faraday Future Intelligent Electric Inc (FFIE) has around 505 employees, a market worth around $48.51M and $0.54M in sales. Profit margin for the company is -59289.57%. Distance from 52-week low is 7.71% and -99.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-159.37%).

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Faraday Future Intelligent Electric Inc (FFIE) Top Institutional Holders

56.0 institutions hold shares in Faraday Future Intelligent Electric Inc (FFIE), with institutional investors hold 27.07% of the company’s shares. The shares outstanding are 45.33M, and float is at 41.28M with Short Float at 17.92%. Institutions hold 26.69% of the Float.

The top institutional shareholder in the company is ALPHAMARK ADVISORS, LLC with over 4250.0 shares valued at $2000.0. The investor’s holdings represent 0.0515% of the FFIE Shares outstanding.

Faraday Future Intelligent Electric Inc (FFIE) Insider Activity

The most recent transaction is an insider sale by Chen Chad, the company’s Director. SEC filings show that Chen Chad sold 15,000 shares of the company’s common stock on Nov 25 ’24 at a price of $1.57 per share for a total of $23550.0. Following the sale, the insider now owns 7943.0 shares.

Faraday Future Intelligent Electric Inc disclosed in a document filed with the SEC on Jun 21 ’24 that Aydt Matthias (Global Chief Exec. Officer) bought a total of 1 shares of the company’s common stock. The trade occurred on Jun 21 ’24 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.

Still, SEC filings show that on Dec 21 ’23, Aydt Matthias (Global Chief Exec. Officer) acquired 1 shares at an average price of $100.00 for $100.0. The insider now directly holds 1 shares of Faraday Future Intelligent Electric Inc (FFIE).

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