Faraday Future Intelligent Electric (NASDAQ:FFAI) Raised to “Sell” at Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a report on Wednesday, June 24th. One investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $750.00.

Faraday Future Intelligent Electric Stock Performance

NASDAQ:FFAI opened at $6.49 on Friday. The stock’s 50 day moving average price is $38.48 and its 200 day moving average price is $68.49. The company has a market capitalization of $13.24 million, a PE ratio of -3.49 and a beta of 5.58. 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 $6.40 and a 52-week high of $496.50.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey increased its position in Faraday Future Intelligent Electric by 89.1% in 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 acquiring an additional 18,102 shares during the period. Barclays PLC lifted 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 worth $228,000 after acquiring an additional 18,344 shares during the period. Bank of America Corp DE acquired a new stake in Faraday Future Intelligent Electric during the 3rd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $36,000 after purchasing an additional 33,572 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Faraday Future Intelligent Electric in the 3rd quarter valued at approximately $48,000. Hedge funds and other 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.