Taking a look at what insiders are doing to gauge the Faraday Future Intelligent Electric Inc. (FFIE)’s direction


As published in a research note from The Benchmark Company on August 16, 2022, Faraday Future Intelligent Electric Inc. [FFIE] has been rated down from a Buy to a Hold. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of August 17, 2021, Wedbush has initiated its “an Outperform” rating for FFIE.

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Analyzing FFIE Stock Performance

On Thursday, Faraday Future Intelligent Electric Inc. [NASDAQ: FFIE] plunged -0.99% to $0.58. The stock’s lowest price that day was $0.5508, but it reached a high of $0.5959 in the same session. During the last five days, there has been a drop of approximately -12.16%. Over the course of the year, Faraday Future Intelligent Electric Inc. shares have jumped approximately 99.07%. Shares of the company reached a 52-week high of $1.3200 on 02/06/23 and a 52-week low of $0.2690 on 01/04/23. A 50-day SMA is recorded $0.5748, while a 200-day SMA reached $1.5413. Nevertheless, trading volume fell to 42.67 million shares from 35.39 million shares the previous day.

Support And Resistance Levels for Faraday Future Intelligent Electric Inc. (FFIE)

According to the 24-hour chart, there is a support level at 0.5538, which, if violated, would cause prices to drop to 0.5298. In the upper region, resistance lies at 0.5989. The next price resistance is at 0.6200. RSI (Relative Strength Index) is 43.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1127, which suggests the price will decrease in the coming days. Percent R is at 96.38%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Faraday Future Intelligent Electric Inc. subject to short interest?

Stocks of Faraday Future Intelligent Electric Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 3.77 million shares to 87.21 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 83.44 million shares. A jump of 4.32% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.58 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.58.

Which companies own the most shares of Faraday Future Intelligent Electric Inc. (FFIE)?

According to BlackRock Fund Advisors filings, the company currently owns 13,639,716 shares, which is about 2.29% of the total FFIE shares outstanding. The investor’s shares have appreciated by 6,688,342 from its previous 13-F filing of 6951374.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $9,227,535. Geode Capital Management LLC acquire a 82.89% interest valued at $3.33 million while Renaissance Technologies LLC purchased a 878,680 stake. A total of -1,909,971 shares of Faraday Future Intelligent Electric Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 1,067,409 were bought by Charles Schwab Investment Managem. In its current portfolio, Northern Trust Investments, Inc. holds 1,748,299 shares valued at $1.49 million.


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