Future Faraday (NASDAQ: FFIE) has been making waves in the electric vehicle (EV) industry ever since its inception in 2014. As consumer demand for EVs continues to grow, investors are keen to determine Future Faraday’s future stock outlook. In this blog, we will analyze FFIE’s stock price history, financials, and market position to forecast its stock price prediction for 2023, 2025, 2030, 2040, and 2050.
About Future Faraday (FFIE)
Future Faraday was founded in 2014 by entrepreneur Yueting Jia with the goal of bringing premium, luxury electric vehicles to market. Headquartered in Los Angeles, California, the company aims to leverage the global supply chains, manufacturing infrastructure, and EV expertise in China to produce affordable and innovative electric cars for the masses.
The company’s current flagship vehicle is the FF 91, an ultra-luxury electric vehicle intended to compete with brands like Tesla. The FF 91 boasts over 1,000 horsepower, 130 kWh battery capacity, and a range of over 300 miles per charge. It also features numerous connectivity and autonomous driving features powered by Future Faraday’s proprietary VPAI system.
Future Faraday entered into a merger agreement with Property Solutions Acquisition Corp (PSAC) in January 2021, resulting in Future Faraday becoming a publicly traded company listed on the Nasdaq under the ticker FFIE in July 2021. This deal generated nearly $1 billion in capital for Future Faraday to bring its first vehicle to market.
The company started mass production of the FF 91 on March 29, 2023, and began deliveries on May 31, 2023, positioning it as a competitor to Tesla’s Model 3 and Model Y.
FFIE Price History
Future Faraday went public in July 2021 after merging with a special purpose acquisition company (SPAC), valuing the combined entity at approximately $3.4 billion. After the merger, FFIE stock started at $10 per share and climbed to over $14 by October 2021, showcasing investor optimism.
However, the stock’s momentum waned in 2022. By April 2022, FFIE dipped below $5 per share due to reported production delays for the FF 91. External factors like supply chain issues, chip shortages, and rising EV competition further impacted the stock.
The stock hit a 52-week low at $1.65 in June 2022 when the Securities Exchange Commission (SEC) began investigating the company. Lackluster quarterly results without revenue also dampened investor enthusiasm.
In August 2022, FFIE stock saw a slight rebound to about $2 per share after Future Faraday displayed the production-ready FF 91 and confirmed 2023 delivery targets. However, In 2023, the stock is still nearly 80% below its 2021 peak.
If you look at FFIE’s stock trajectory, It underscores the challenges and uncertainties the company faces as it transitions to full-fledged EV production. Also, Execution concerns remain at the forefront of investor sentiment regarding FFIE.
Here, you can see how the stock has performed since it’s inception in 2020.
| Date | Open | High | Low | Close* | Adj Close** | Volume |
|---|---|---|---|---|---|---|
| Oct 01, 2020 | 784.0000 | 784.8000 | 772.7200 | 772.8000 | 772.8000 | 25,302 |
| Oct 01, 2021 | 755.2000 | 776.8000 | 592.0000 | 686.4000 | 686.4000 | 444,015 |
| Oct 01, 2022 | 48.0000 | 58.2400 | 36.4000 | 43.2000 | 43.2000 | 5,788,786 |
| Oct 01, 2023 | 1.3500 | 1.7500 | 1.0100 | 1.1800 | 1.1800 | 97,936,300 |
Future Faraday (FFIE) Financials
Future Faraday Intelligent Electric Inc. (FFIE) finds itself in a challenging position which is quite typical for an emerging EV startup. As of October 2022, the stock’s valuation stands at $1.09, resulting in a market capitalization of just $27.36 million. This is a stark decline from its valuation of over $3 billion post its SPAC merger in 2021. The company’s Earnings Per Share (EPS) is currently at -$64.06, which further highlights the firm’s continued losses due to delays in production and deliveries of vehicles.
The company’s financial metrics further underscore the struggles company is going through. The EBITDA for 2022 was reported at -$287 million, which is a significant increase from the -$78 million in 2021. This negative EBITDA highlights Future Faraday’s high operating expenses in the face of absent revenue streams. Also, with a price-to-book ratio of 0.8 and a return on equity at -211.41%, the financial indicators are far from promising.
Future Faraday’s cash reserves also continue to decline rapidly. By 2022, the company’s cash reserves had shrunk to $276 million, a major drop from the $705 million in 2021. Plus, With production currently halted and vehicle deliveries on pause, the company’s financial outlook appears bleak.
FFIE Stock Forecast & Price Prediction
| Year | Price Target | Avg Price | Max Price | Min Price | % Change |
|---|---|---|---|---|---|
| 2023 | $1.52 – $2.03 | $1.78 | $2.03 | $1.53 | 38.18% – 84.55% |
| 2024 | $2.28 – $3.04 | $2.67 | $3.04 | $2.29 | 107.27% – 176.36% |
| 2025 | $3.53 – $4.54 | $4.03 | $4.54 | $3.54 | 220.91% – 313.64% |
| 2026 | $5.05 – $6.58 | $5.78 | $6.58 | $5.06 | 359.09% – 498.18% |
| 2027 | $7.08 – $9.12 | $8.12 | $9.12 | $7.09 | 543.64% – 729.09% |
| 2028 | $11.12 – $14.16 | $12.68 | $14.16 | $11.13 | 911.82% – 1,186.36% |
| 2029 | $16.32 – $20.40 | $18.24 | $20.40 | $16.32 | 1,376.36% – 1,754.55% |
| 2030 | $22.44 – $28.56 | $25.40 | $28.56 | $22.44 | 1,940.91% – 2,496.36% |
| 2035 | $30.00 – $40.00 | $35.82 | $40.54 | $30.61 | 2,627.27% – 3,536.36% |
| 2040 | $50.00 – $65.00 | $57.50 | $65.27 | $50.57 | 4,445.45% – 5,827.27% |
| 2045 | $80.00 – $100.00 | $90.64 | $100.78 | $80.98 | 7,172.73% – 9,090.91% |
| 2050 | $120.00 – $150.00 | $135.45 | $150.67 | $120.80 | 10,818.18% – 13,536.36% |
FFIE Stock Forecast and Price Prediction 2023 – 2024
For the years 2023 and 2024, Future Faraday’s stock is projected to experience a notable uptick. In 2023, the stock’s price target ranges between $1.52 and $2.03, with an average price of $1.78, potential highs of $2.03, and lows of $1.53. This represents a growth ranging from 38.18% to 84.55%. And, By 2024, the stock’s target price is anticipated to be between $2.28 and $3.04, averaging at $2.67, with a high of $3.04 and a low of $2.29, indicating a growth of 107.27% to 176.36%.
Well, this optimistic forecast can be due to company’s strategic moves. Future Faraday plans on streamlining operations, optimizing costs, and reducing the company’s reliance on external funding, which could turn the company into profit.
FFIE Stock Forecast and Price Prediction 2025 – 2028
By 2025, the stock is forecasted to have a price target between $3.53 and $4.54, with an average price of $4.03, highs of $4.54, and lows of $3.54, marking a growth of 220.91% to 313.64%.
By 2028, the stock’s valuation is expected to range between $11.12 and $14.16, averaging at $12.68, with potential highs of $14.16 and lows of $11.13, indicating a substantial increase of 911.82% to 1,186.36%.
The anticipated growth during this period can be attributed to the global shift towards electric vehicles, technological advancements, and Future Faraday’s potential strategic partnerships and expansions.
FFIE Stock Forecast and Price Prediction 2029-2030
As the decade wraps up, Future Faraday’s stock looks promising. In 2029, the stock might range from $16.32 to $20.40, averaging at $18.24. This could be a growth of 1,376.36% to 1,754.55%. Moving to 2030, the stock might be between $22.44 and $28.56, with an average of $25.40. This means a rise of 1,940.91% to 2,496.36%.
Why? Future Faraday keeps working on research and might expand globally. As more people buy EVs, Future Faraday’s new ideas and partnerships could make its stock go up.
FFIE Stock Forecast and Price Prediction 2040
By 2040, the stock might be between $122.40 and $163.20, averaging at $142.40. This suggests a big jump of 11,127.27% to 14,836.36%. This growth might come from the company’s plans, new tech, and more people buying EVs around the world.
FFIE Stock Forecast and Price Prediction 2050
Looking to 2050, the stock might range from $488.80 to $651.20, with an average of $569.60. This could be a huge growth of 44,418.18% to 59,200.00%. As the world wants cleaner transport, Future Faraday’s hard work and plans might make its stock go up a lot.
FFIE Stock Split
Future Faraday has not undergone any stock splits since becoming a publicly-traded company in 2021. This is not unusual given FFIE only had its market debut last year.
Companies typically consider stock splits when their share price rises to very high levels, around $100 per share. A stock split increases the number of shares available while reducing the price of each share, enhancing liquidity and making the stock more affordable for smaller investors
For example, a 2-for-1 stock split would double the number of FFIE shares outstanding and halve the market price. If FFIE was trading at $200 per share, a 2:1 split would adjust it to $100 per share.
Though it has no plans currently, Future Faraday could consider stock splits in the future if its share price sees substantial growth driven by the success of the FF91 luxury EV and other models.
If FFIE stock trades at very high valuations in the range of several hundred dollars per share or more in the next 5-10 years, conducting stock splits would make sense to maintain liquidity. This would also allow more investors to buy shares and be part of Future Faraday’s future growth trajectory.
Overall, while FFIE stock splits are not imminent given the low share price, they could be a possibility down the road depending on the company’s growth and market performance. Investors should watch for any split announcements that would impact share pricing and ownership.
FFIE Stock: Buy, Sell, or Hold?
Looking at the challenges and risks facing Future Faraday, FFIE stock remains a speculative investment at its current price of $1.17 per share and market cap of $27 million.
FFIE has an average analyst rating of 3 out of 5, with 1 hold recommendation. This suggests that analysts are taking a cautious “wait and see” stance due to prevailing uncertainties. With negative return on equity of -211% and high beta of -1.67, FFIE stock carries substantial risk. The company is still working to secure financing and has yet to prove it can manufacture vehicles at scale.
The bull case for buying FFIE stock is:
- Upside potential if the company executes its business plan successfully
- Opportunity to get in early before major production milestones
- Future Faraday’s innovative EV technology and long-term growth prospects
The bear case for selling FFIE stock is:
- Ongoing delays, funding constraints, and production risks
- Intense competition in the EV market from new and established players
- Lack of current revenue and unproven business model
Given the risks involved, conservative investors may be best suited to avoid FFIE stock for now or sell any current holdings. Aggressive investors who are comfortable with volatility can consider buying FFIE as a speculative opportunity. Ultimately, FFIE stock offers a high-risk, high-reward proposition for investors.
FFIE Stock FAQs
What is Future Faraday’s stock symbol?
Future Faraday is listed on the NASDAQ under the ticker symbol FFIE.
What was Future Faraday’s IPO price?
FFIE didn’t undergo a traditional IPO. Instead, it became public through a merger with a SPAC (special purpose acquisition company) at $10 per share in July 2021.
What is the stock price prediction for FFIE in 2023?
According to forecast, FFIE stock can reach in the range of $1.52 – $2.03 in 2023, which is a growth of around 38.18% – 84.55%.
What is the FFIE forecast for 2025?
In 2025, Future Faraday stock price can hit a potential range of $3.53 – $4.54, which would reflect around 300% increase. This is possible if the company succeeds in ramping up FF91 production and sales volumes.
Who are the primary shareholders of FFIE stock?
As of 2023, the main FFIE shareholders are The Vanguard Group, Inc (3.347%), BlackRock Inc (0.97%), Geode Capital Management LLC (0.60%), Charles Schwab Investment Management Inc (0.29%), Group One Trading LP (0.0867%), JPMorgan Chase & Co
Is FFIE stock considered a growth or value stock?
Being a pre-revenue electric vehicle manufacturer, FFIE is typically classified as a growth stock rather than a value stock. Its stock price largely hinges on the realization of its long-term potential, not on its current fundamentals.
Who are Future Faraday’s major competitors?
The major competitors of Faraday Future Intelligent Electric are Cenntro Electric Group (CENN), Vicinity Motor (VEV), Tesla Motors (TSLA) and many more.
How can I buy shares of FFIE stock?
You can purchase FFIE shares through any prominent online brokerage, including Fidelity, E-Trade, or Charles Schwab. But, you can also buy from Robinhood, which is commission free app that doesn’t charge any fees for buying or selling FFIE or any other stocks.
Should I invest in FFIE stock now?
Buying FFIE stock now would be highly speculative given the company’s lack of revenue, unproven production capabilities, and risks. More risk-averse investors may want to avoid the stock until Future Faraday shows clearer signs of progress.
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Disclaimer: The projections and price targets provided for FFIE” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.
