Let’s start up with the current stock price of Faraday Future Intelligent Electric Inc. (FFIE), which is $0.42 to be very precise. The Stock rose vividly during the last session to $0.428 after opening rate of $0.414 while the lowest price it went was recorded $0.385 before closing at $0.42.Recently in News on March 13, 2023, Faraday Future Issues Statement Confirming No Exposure to Silicon Valley Bank Shutdown. Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, is aware of the current news and reports surrounding Silicon Valley Bank’s liquidity concerns. The Company does not have any cash or cash equivalents on deposit at Silicon Valley Bank and does not have any other direct relationship with Silicon Valley Bank. Furthermore, the Company has discussed issues surrounding Silicon Valley Bank with its committed funding partners and they do not expect such issues to impact the Company’s committed funding. 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 $7.8500 on 07/18/22, with the lowest value was $0.2450 for the same time period, recorded on 12/07/22.
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Faraday Future Intelligent Electric Inc. (FFIE) full year performance was -90.28%
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 -94.66% during the 52-week period from high price, and 71.06% 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 $0.25 and $7.85.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 16693896 for the day, which was evidently lower, 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 44.37%, having the revenues showcasing -17.84% 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 328.46M, as it employees total of 745 workers.
Specialists analysis 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 0.5186, with a change in the price was noted -0.11. In a similar fashion, Faraday Future Intelligent Electric Inc. posted a movement of -21.44% for the period of last 100 days, recording 44,708,215 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 0.26 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.19.
Trends and Technical analysis: 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 13.08%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 20.03%. In the last 20 days, the company’s Stochastic %K was 18.69% and its Stochastic %D was recorded 15.50%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 44.37%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -60.46%, alongside a downfall of -90.28% for the period of the last 12 months. The shares increased approximately by -10.81% in the 7-day charts and went up by -36.30% in the period of the last 30 days. Common stock shares were lifted by -17.84% during last recorded quarter.