Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 8.6%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares traded down 8.6% during mid-day trading on Tuesday . The stock traded as low as $0.38 and last traded at $0.42. 47,741,638 shares were traded during mid-day trading, a decline of 58% from the average session volume of 113,095,016 shares. The stock had previously closed at $0.46.

Faraday Future Intelligent Electric Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.35. The business has a 50 day moving average of $0.52 and a 200-day moving average of $0.39.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the period. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 71.74% of the company’s stock.

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. The company was incorporated in 2014 and is headquartered in Los Angeles, California.