Faraday Future Intelligent Electric (NASDAQ:FFAI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Faraday Future Intelligent Electric (FFAI) from a "sell" to a "hold" in a research note issued Monday.
• Analyst coverage is mixed — one Buy, one Hold and one Sell — leaving an average rating of "Hold" and an average price target of about $5.00.
• FFAI trades around $1.13 with a market cap of roughly $191M, a negative P/E (-0.61) and a high beta (5.00), signaling significant volatility; institutional investors own about 71.7% of the stock.

Faraday Future Intelligent Electric (NASDAQ:FFAI - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Faraday Future Intelligent Electric in a research report on Monday, December 1st. Litchfield Hills Research assumed coverage on Faraday Future Intelligent Electric in a research report on Thursday, November 20th. They issued a "buy" rating and a $5.00 price objective on the stock. Finally, Zacks Research raised Faraday Future Intelligent Electric to a "hold" rating in a research report on Wednesday, October 8th. 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 data from MarketBeat, Faraday Future Intelligent Electric presently has an average rating of "Hold" and an average target price of $5.00.

Faraday Future Intelligent Electric Stock Performance

Shares of FFAI stock opened at $1.13 on Monday. The firm has a market capitalization of $191.32 million, a price-to-earnings ratio of -0.61 and a beta of 5.00. 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 50 day moving average price of $1.28 and a 200 day moving average price of $1.69. Faraday Future Intelligent Electric has a one year low of $0.83 and a one year high of $4.46.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

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

About Faraday Future Intelligent Electric

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was founded in 2014 and is headquartered in Gardena, California.

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