At the end of the latest market close, Faraday Future Intelligent Electric Inc. (FFIE) was valued at $7.17. In that particular session, Stock kicked-off at the price of $7.20 while reaching the peak value of $7.2343 and lowest value recorded on the day was $6.40. The stock current value is $6.57.Recently in News on November 23, 2021, Faraday Future Receives Anticipated Letter from Nasdaq Regarding Form 10-Q Filing. Faraday Future Intelligent Electric Inc. (“Faraday Future” or the “Company”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that it received a letter (the “Nasdaq Letter”) from The Nasdaq Stock Market (“Nasdaq”) dated November 17, 2021, indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1). The Nasdaq Letter, which the Company expected, was issued in accordance with standard Nasdaq procedures due to the delayed filing of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 (the “Q3 Form 10-Q”). The Nasdaq Letter advised the Company that it is permitted 60 calendar days to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1), and that the Nasdaq staff can grant the Company an exception, up to 180 calendar days from the due date of the Q3 Form 10-Q, to regain compliance. The Nasdaq Letter further advised the Company that it will be placed on a list of non-compliant Nasdaq companies within five business days of November 17, 2021. You can read further details here
Faraday Future Intelligent Electric Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $20.75 on 02/01/21, with the lowest value was $6.40 for the same time period, recorded on 11/23/21.
Faraday Future Intelligent Electric Inc. (FFIE) full year performance was -32.48%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Faraday Future Intelligent Electric Inc. shares are logging -68.34% during the 52-week period from high price, and -7.07% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.07 and $20.75.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 3935546 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Faraday Future Intelligent Electric Inc. (FFIE) recorded performance in the market was -34.30%, having the revenues showcasing -28.66% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.21B, as it employees total of 383 workers.
The Analysts eye on Faraday Future Intelligent Electric Inc. (FFIE)
During the last month, 0 analysts gave the Faraday Future Intelligent Electric Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.25, with a change in the price was noted -8.29. In a similar fashion, Faraday Future Intelligent Electric Inc. posted a movement of -55.79% for the period of last 100 days, recording 2,156,299 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FFIE is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Faraday Future Intelligent Electric Inc. (FFIE)
Raw Stochastic average of Faraday Future Intelligent Electric Inc. in the period of last 50 days is set at 3.33%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 6.03%. In the last 20 days, the company’s Stochastic %K was 6.61% and its Stochastic %D was recorded 9.88%.
Considering, the past performance of Faraday Future Intelligent Electric Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -34.30%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -45.25%, alongside a downfall of -32.48% for the period of the last 12 months. The shares -25.59% in the 7-day charts and went up by -27.16% in the period of the last 30 days. Common stock shares were lifted by -28.66% during last recorded quarter.