Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 2.3%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) traded down 2.3% during mid-day trading on Thursday . The company traded as low as $0.41 and last traded at $0.42. 54,487,067 shares were traded during trading, a decline of 65% from the average session volume of 157,076,384 shares. The stock had previously closed at $0.43.

Faraday Future Intelligent Electric Price Performance

The firm has a market cap of $175.98 million, a PE ratio of 0.00 and a beta of 5.73. The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $0.54 and a 200 day moving average price of $0.39.

Institutional Trading of Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its holdings in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after buying an additional 499,999 shares during the period. MCF Advisors LLC owned about 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent SEC filing. 71.74% of the stock is owned by hedge funds and other institutional investors.

Faraday Future Intelligent Electric Company Profile

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.