Investors Buy Large Volume of Call Options on Faraday Future Intelligent Electric (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 14,665 call options on the stock. This represents an increase of approximately 90% compared to the average volume of 7,714 call options.

Institutional Trading of Faraday Future Intelligent Electric

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC boosted its holdings in shares of Faraday Future Intelligent Electric by 155.8% during the 4th quarter. Virtu Financial LLC now owns 137,655 shares of the company’s stock worth $140,000 after buying an additional 83,844 shares during the period. Quadrature Capital Ltd acquired a new position in Faraday Future Intelligent Electric during the 4th quarter worth $291,000. AQR Capital Management LLC acquired a new position in Faraday Future Intelligent Electric during the 4th quarter worth $44,000. Barclays PLC boosted its holdings in Faraday Future Intelligent Electric by 9.0% during the fourth quarter. Barclays PLC now owns 223,203 shares of the company’s stock valued at $228,000 after acquiring an additional 18,344 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Faraday Future Intelligent Electric by 24.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 351,113 shares of the company’s stock valued at $358,000 after purchasing an additional 67,962 shares during the last quarter. 71.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FFAI. Litchfield Hills Research initiated 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. Wall Street Zen upgraded Faraday Future Intelligent Electric from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a research report on Monday, December 29th. One investment 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Faraday Future Intelligent Electric Stock Up 17.4%

Shares of FFAI stock opened at $0.53 on Tuesday. The stock’s 50 day simple moving average is $0.97 and its 200 day simple moving average is $1.37. Faraday Future Intelligent Electric has a twelve month low of $0.44 and a twelve month high of $3.61. 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 company has a market capitalization of $103.27 million, a price-to-earnings ratio of -0.29 and a beta of 5.24.

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.