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

Faraday Future Intelligent Electric (NASDAQ:FFAI) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research report issued to clients and investors on Saturday.

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

Faraday Future Intelligent Electric Stock Down 39.7%

NASDAQ FFAI opened at $6.49 on Friday. The stock has a 50 day moving average price of $38.48 and a 200-day moving average price of $69.26. Faraday Future Intelligent Electric has a one year low of $6.40 and a one year high of $496.50. 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 company has a market capitalization of $1.97 billion, a P/E ratio of -3.49 and a beta of 5.58.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

Institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey increased its position in shares of Faraday Future Intelligent Electric by 89.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 38,416 shares of the company’s stock valued at $39,000 after purchasing an additional 18,102 shares during the last quarter. Barclays PLC lifted its position in Faraday Future Intelligent Electric by 9.0% in the fourth quarter. Barclays PLC now owns 223,203 shares of the company’s stock worth $228,000 after buying an additional 18,344 shares during the last quarter. Bank of America Corp DE bought a new stake in Faraday Future Intelligent Electric in the third quarter worth $35,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 33,572 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in Faraday Future Intelligent Electric during the third quarter worth $48,000. 71.74% of the stock is owned by 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.