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

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Faraday Future Intelligent Electric currently has a consensus rating of “Hold” and an average target price of $750.00.

Faraday Future Intelligent Electric Price Performance

NASDAQ:FFAI opened at $4.93 on Friday. Faraday Future Intelligent Electric has a 52 week low of $3.67 and a 52 week high of $457.50. The company has a quick ratio of 0.34, a current ratio of 0.36 and a debt-to-equity ratio of 4.80. The stock has a market capitalization of $10.06 million, a PE ratio of -0.02 and a beta of 5.70. The stock’s 50-day moving average price is $33.15 and its 200-day moving average price is $61.44.

Institutional Investors Weigh In On Faraday Future Intelligent Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFAI. Police & Firemen s Retirement System of New Jersey grew its position in shares of Faraday Future Intelligent Electric by 89.1% in the fourth 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 period. Barclays PLC increased its stake in shares of Faraday Future Intelligent Electric by 9.0% during the fourth quarter. Barclays PLC now owns 223,203 shares of the company’s stock worth $228,000 after purchasing an additional 18,344 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Faraday Future Intelligent Electric during the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd raised its position in shares of Faraday Future Intelligent Electric by 2,174.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 35,116 shares of the company’s stock worth $36,000 after purchasing an additional 33,572 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Faraday Future Intelligent Electric during the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 71.74% of the company’s stock.

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.