Faraday Future Intelligent Electric (NASDAQ:FFAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Faraday Future Intelligent Electric (NASDAQ:FFAI) to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Faraday Future Intelligent Electric presently has an average rating of “Hold” and an average target price of $750.00.

Faraday Future Intelligent Electric Stock Performance

Shares of Faraday Future Intelligent Electric stock opened at $5.12 on Friday. The stock has a market cap of $10.44 million, a price-to-earnings ratio of -2.75 and a beta of 5.58. The firm’s 50-day moving average is $37.54 and its 200 day moving average is $67.19. Faraday Future Intelligent Electric has a 1 year low of $4.84 and a 1 year high of $457.50. The company has a debt-to-equity ratio of 4.80, a current ratio of 0.36 and a quick ratio of 0.34.

Institutional Trading of Faraday Future Intelligent Electric

A number of institutional investors and hedge funds have recently modified their holdings of FFAI. Goldman Sachs Group Inc. lifted its holdings in shares of Faraday Future Intelligent Electric by 217.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 129,483 shares of the company’s stock valued at $132,000 after purchasing an additional 88,698 shares in the last quarter. Millennium Management LLC bought a new stake in Faraday Future Intelligent Electric in the 3rd quarter worth about $3,661,000. Geode Capital Management LLC increased its holdings in Faraday Future Intelligent Electric by 57.2% in the 4th quarter. Geode Capital Management LLC now owns 3,452,855 shares of the company’s stock worth $3,522,000 after buying an additional 1,255,899 shares in the last quarter. UBS Group AG purchased a new position in Faraday Future Intelligent Electric in the 3rd quarter worth about $2,391,000. Finally, State Street Corp raised its position in Faraday Future Intelligent Electric by 28.5% in the 4th quarter. State Street Corp now owns 2,172,408 shares of the company’s stock worth $2,216,000 after buying an additional 482,371 shares during the last quarter. Institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric (NASDAQ:FFAI) is an American electric vehicle (EV) manufacturer focused on the development and production of high-performance intelligent electric vehicles. Leveraging a proprietary modular platform, the company aims to deliver a seamless and connected driving experience by integrating advanced hardware with its in-house software architecture. Faraday Future’s vehicles are designed to offer luxury appointments, customizable digital displays, and autonomous driving capabilities, positioning the company in the premium segment of the EV market.

Since its founding in 2014, Faraday Future has unveiled its flagship FF 91 model, showcasing rapid acceleration, long-range battery performance, and over-the-air software updates.