Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 4.1%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEGet Free Report) shares fell 4.1% during mid-day trading on Friday . The company traded as low as $0.38 and last traded at $0.39. 17,175,693 shares changed hands during trading, a decline of 83% from the average session volume of 103,706,211 shares. The stock had previously closed at $0.41.

Faraday Future Intelligent Electric Trading Up 2.8 %

The stock has a market capitalization of $183.89 million, a P/E ratio of 0.00 and a beta of 5.82. The stock’s fifty day moving average price is $0.46 and its 200 day moving average price is $0.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its position in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIEFree Report) by 13,329.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing. 71.74% of the stock is owned by institutional investors.

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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