Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Down 13.1%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEGet Free Report) traded down 13.1% during trading on Thursday . The company traded as low as $0.40 and last traded at $0.41. 32,782,094 shares were traded during trading, a decline of 69% from the average session volume of 104,188,328 shares. The stock had previously closed at $0.47.

Faraday Future Intelligent Electric Stock Performance

The company has a market capitalization of $186.49 million, a P/E ratio of 0.00 and a beta of 5.82. 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’s fifty day moving average is $0.45 and its 200 day moving average is $0.42.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC boosted its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEFree Report) by 13,329.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent filing with the Securities & Exchange Commission. 71.74% of the stock is currently owned by institutional investors and hedge funds.

Faraday Future Intelligent Electric Company Profile

(Get Free Report)

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.

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