Wall Street Zen Upgrades Faraday Future Intelligent Electric (NASDAQ:FFAI) to “Hold”

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

A number of other research analysts also recently weighed in on FFAI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a report on Monday, December 29th. Litchfield Hills Research assumed coverage on shares of Faraday Future Intelligent Electric in a research note on Thursday, November 20th. They issued a “buy” rating and a $5.00 price target on the stock. One investment 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.

Faraday Future Intelligent Electric Price Performance

Shares of Faraday Future Intelligent Electric stock opened at $0.77 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.43 and a debt-to-equity ratio of 1.19. Faraday Future Intelligent Electric has a 52 week low of $0.64 and a 52 week high of $3.61. The company has a market cap of $151.48 million, a PE ratio of -0.42 and a beta of 5.24. The business has a 50 day moving average of $1.08 and a 200 day moving average of $1.53.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC bought a new stake in Faraday Future Intelligent Electric during the 3rd quarter worth approximately $26,000. Bank of America Corp DE purchased a new position in Faraday Future Intelligent Electric during the third quarter valued at $35,000. Verition Fund Management LLC purchased a new position in shares of Faraday Future Intelligent Electric during the third quarter valued at about $48,000. JPMorgan Chase & Co. purchased a new position in Faraday Future Intelligent Electric during the 3rd quarter valued at approximately $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Faraday Future Intelligent Electric in the third quarter valued at $54,000. Institutional investors own 71.74% of the company’s stock.

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.