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

Faraday Future Intelligent Electric (NASDAQ:FFAI) was upgraded by analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

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

Faraday Future Intelligent Electric Stock Down 39.7%

Shares of NASDAQ FFAI opened at $6.49 on Friday. Faraday Future Intelligent Electric has a 1 year low of $6.40 and a 1 year high of $496.50. The firm has a 50-day simple moving average of $38.48 and a two-hundred day simple moving average of $69.26. The company has a market cap of $1.97 billion, a P/E ratio of -3.49 and a beta of 5.58. 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 large investors have recently modified their holdings of FFAI. Police & Firemen s Retirement System of New Jersey grew its stake in Faraday Future Intelligent Electric by 89.1% in 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 purchasing an additional 18,102 shares in the last quarter. Barclays PLC raised its position in Faraday Future Intelligent Electric by 9.0% during the 4th quarter. Barclays PLC now owns 223,203 shares of the company’s stock valued at $228,000 after purchasing an additional 18,344 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Faraday Future Intelligent Electric in the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 period. Finally, JPMorgan Chase & Co. bought a new position in shares of Faraday Future Intelligent Electric during the 3rd quarter worth $48,000. Hedge funds and other institutional investors own 71.74% of the company’s stock.

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.