Faraday Future Intelligent Electric Sees Unusually Large Options Volume (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) was the target of unusually large options trading on Monday. Investors bought 30,094 call options on the stock. This is an increase of 190% compared to the typical daily volume of 10,376 call options.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Faraday Future Intelligent Electric to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Faraday Future Intelligent Electric in a research note on Monday, December 15th. Wall Street Zen upgraded shares of Faraday Future Intelligent Electric from a “sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, 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. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

Several hedge funds have recently added to or reduced their stakes in FFAI. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Faraday Future Intelligent Electric during the third quarter worth $26,000. Bank of America Corp DE acquired a new stake in shares of Faraday Future Intelligent Electric in the 3rd quarter valued at about $35,000. JPMorgan Chase & Co. bought a new stake in shares of Faraday Future Intelligent Electric in the third quarter valued at about $48,000. Verition Fund Management LLC acquired a new position in shares of Faraday Future Intelligent Electric during the third quarter worth about $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Faraday Future Intelligent Electric during the third quarter worth about $54,000. Institutional investors and hedge funds own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Trading Up 12.7%

NASDAQ FFAI traded up $0.14 during trading hours on Monday, hitting $1.26. The company’s stock had a trading volume of 8,102,279 shares, compared to its average volume of 11,070,381. Faraday Future Intelligent Electric has a twelve month low of $0.83 and a twelve month high of $4.46. The firm has a market capitalization of $213.62 million, a P/E ratio of -0.69 and a beta of 5.00. The company has a quick ratio of 0.42, a current ratio of 0.43 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average of $1.22 and a 200 day moving average of $1.68.

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.