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

Faraday Future Intelligent Electric (NASDAQ:FFAI) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other brokerages also recently weighed in on FFAI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a research report on Monday, December 1st. Zacks Research raised Faraday Future Intelligent Electric to a “hold” rating in a report on Wednesday, October 8th. Finally, Litchfield Hills Research began coverage on Faraday Future Intelligent Electric in a research report on Thursday, November 20th. They set a “buy” rating and a $5.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.00.

Faraday Future Intelligent Electric Stock Performance

FFAI stock opened at $1.13 on Monday. Faraday Future Intelligent Electric has a 1 year low of $0.83 and a 1 year high of $4.46. The stock has a market capitalization of $191.32 million, a price-to-earnings ratio of -0.61 and a beta of 5.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.42 and a current ratio of 0.43. The stock’s fifty day moving average is $1.28 and its two-hundred day moving average is $1.69.

Institutional Trading of Faraday Future Intelligent Electric

A number of hedge funds and other institutional investors have recently modified their holdings of FFAI. SG Americas Securities LLC acquired a new stake in shares of Faraday Future Intelligent Electric in the third quarter valued at $124,000. Vanguard Personalized Indexing Management LLC acquired a new position in Faraday Future Intelligent Electric during the third quarter worth about $26,000. Rhumbline Advisers bought a new stake in Faraday Future Intelligent Electric in the third quarter worth about $168,000. JPMorgan Chase & Co. acquired a new stake in Faraday Future Intelligent Electric in the 3rd quarter valued at about $48,000. Finally, Vanguard Group Inc. bought a new position in shares of Faraday Future Intelligent Electric during the 3rd quarter valued at about $9,307,000. Institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was founded in 2014 and is headquartered in Gardena, California.