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

Wall Street Zen upgraded shares of Faraday Future Intelligent Electric (NASDAQ:FFAI) from a sell rating to a hold rating in a report published on Sunday.

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

Faraday Future Intelligent Electric Trading Up 3.0%

NASDAQ FFAI opened at $5.08 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.36 and a debt-to-equity ratio of 4.80. Faraday Future Intelligent Electric has a 52 week low of $3.67 and a 52 week high of $457.50. The business has a 50 day moving average price of $32.35 and a 200-day moving average price of $60.33. The company has a market cap of $10.36 million, a price-to-earnings ratio of -0.02 and a beta of 5.70.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

Several institutional investors have recently modified their holdings of FFAI. Vanguard Group Inc. bought a new stake in Faraday Future Intelligent Electric during the third quarter worth $9,307,000. Geode Capital Management LLC increased its position in shares of Faraday Future Intelligent Electric by 57.2% during the 4th quarter. Geode Capital Management LLC now owns 3,452,855 shares of the company’s stock valued at $3,522,000 after purchasing an additional 1,255,899 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 3rd quarter worth $3,661,000. State Street Corp boosted its holdings in shares of Faraday Future Intelligent Electric by 28.5% in the 4th quarter. State Street Corp now owns 2,172,408 shares of the company’s stock worth $2,216,000 after buying an additional 482,371 shares during the last quarter. Finally, UBS Group AG bought a new position in Faraday Future Intelligent Electric during the third quarter valued at about $2,391,000. 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.