Trending Stocks Ticker by Stock Target Advisor
Electric vehicle manufacturer Faraday Future Intelligent Electric Inc. (NSD:FFIE) saw a surge in short interest during April, with the total number of shares sold short reaching 165.45 million, up 10.1% from the March 31st figure of 150.33 million shares. This represents approximately 31.1% of the company’s stock. The days-to-cover ratio, based on an average daily volume of 61.46 million shares, stands at 2.7 days.
On Monday, FFIE stock price opened at $0.17. The company’s fifty-day simple moving average is $0.39, while its 200-day simple moving average is $0.47. With a quick ratio and current ratio both of 0.25 and a debt-to-equity ratio of 0.18, the firm has a market capitalization of $129.06 million, a financial ratio of -0.11, and a beta of 1.97. FFIE has traded in a range of $0.17 to $7.85 over the past year.
FFIE Earnings Growth
On Wednesday, March 8th, Faraday Future Intelligent Electric announced its quarterly earnings data, which showed an EPS of ($0.32) for the quarter. The increase in short interest in FFIE may indicate that investors are betting against the company’s prospects, despite its ambitions to become a leading player in the electric vehicle market. However, it remains to be seen whether this bet will pay off, as the company continues to push forward with its plans to develop innovative EVs and expand its business globally.
Investors will be closely watching FFIE’s future earnings reports and product releases to see if the company can gain traction in the highly competitive EV market and turn around its financial performance.
FFIE Stock Analysis & Forecast
Faraday Future Intelligent Electric Inc. is currently facing a bearish outlook, according to Stock Target Advisor’s analysis, which identifies one positive signal and seven negative signals. As of the last closing, the company’s stock price was recorded at USD 0.15. However, the stock price has taken a substantial hit, declining by 25.20% over the past week, 56.90% over the past month, and a staggering 94.09% over the past year. This trend indicates a significant challenge for the company, as it struggles to maintain its position in the highly competitive electric vehicle market.
Business Profile
Faraday Future Intelligent Electric Inc. designs, develops, manufactures, engineers, sells, and distributes electric vehicles and related products in the US. The company founded in 2014 and is based in Los Angeles, California.
