Faraday Future Intelligent Electric (NASDAQ:FFAI) Upgraded to “Sell” at Wall Street Zen

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

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

Faraday Future Intelligent Electric Price Performance

Shares of FFAI opened at $6.49 on Friday. The company has a debt-to-equity ratio of 4.80, a quick ratio of 0.34 and a current ratio of 0.36. The firm has a market cap of $13.24 million, a PE ratio of -3.49 and a beta of 5.58. The business’s 50 day moving average price is $38.48 and its two-hundred day moving average price is $69.26. Faraday Future Intelligent Electric has a 52-week low of $6.40 and a 52-week high of $496.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in Faraday Future Intelligent Electric in the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Faraday Future Intelligent Electric by 2,174.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 35,116 shares of the company’s stock worth $36,000 after buying an additional 33,572 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in Faraday Future Intelligent Electric by 89.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 38,416 shares of the company’s stock worth $39,000 after acquiring an additional 18,102 shares during the period. Abel Hall LLC bought a new stake in Faraday Future Intelligent Electric during the first quarter worth $42,000. Finally, Kaufman Rossin Wealth LLC purchased a new position in Faraday Future Intelligent Electric in the first quarter worth $43,000. 71.74% of the stock is owned by institutional investors.

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.