Faraday Future Intelligent Electric (NASDAQ:FFAI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Faraday Future Intelligent Electric (NASDAQ:FFAI) from a sell rating to a hold rating in a research report sent to investors on Sunday.

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

Faraday Future Intelligent Electric Price Performance

FFAI opened at $5.93 on Friday. Faraday Future Intelligent Electric has a one year low of $3.67 and a one year high of $457.50. 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 stock’s fifty day moving average is $34.00 and its 200-day moving average is $62.55. The company has a market capitalization of $12.10 million, a PE ratio of -0.02 and a beta of 5.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFAI. Bank of America Corp DE purchased a new position in shares of Faraday Future Intelligent Electric during the 3rd quarter valued at $35,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Faraday Future Intelligent Electric by 2,174.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 35,116 shares of the company’s stock worth $36,000 after acquiring an additional 33,572 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of 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 in the last quarter. Abel Hall LLC acquired a new stake in Faraday Future Intelligent Electric during the first quarter valued at $42,000. Finally, Kaufman Rossin Wealth LLC acquired a new stake in Faraday Future Intelligent Electric during the first quarter valued at $43,000. 71.74% of the stock is owned by hedge funds and other institutional investors.

About Faraday Future Intelligent Electric

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.