Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report)'s share price was down 5.1% on Wednesday . The stock traded as low as $1.25 and last traded at $1.31. Approximately 28,267,135 shares were traded during trading, an increase of 198% from the average daily volume of 9,487,374 shares. The stock had previously closed at $1.38.
Faraday Future Intelligent Electric Stock Down 5.5 %
The stock has a 50-day simple moving average of $1.39 and a 200-day simple moving average of $1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32.
Institutional Trading of Faraday Future Intelligent Electric
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new position in shares of Faraday Future Intelligent Electric during the fourth quarter valued at approximately $34,000. Millennium Management LLC bought a new position in Faraday Future Intelligent Electric during the 4th quarter valued at $162,000. Northern Trust Corp increased its position in shares of Faraday Future Intelligent Electric by 775.3% during the 4th quarter. Northern Trust Corp now owns 108,318 shares of the company's stock valued at $263,000 after purchasing an additional 95,943 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Faraday Future Intelligent Electric in the 4th quarter worth $146,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Faraday Future Intelligent Electric by 248.6% in the fourth quarter. Geode Capital Management LLC now owns 439,595 shares of the company's stock valued at $1,068,000 after buying an additional 313,494 shares during the period. 71.74% of the stock is currently owned by institutional investors.
About Faraday Future Intelligent Electric
(
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.
Recommended Stories
Before you consider Faraday Future Intelligent Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Faraday Future Intelligent Electric wasn't on the list.
While Faraday Future Intelligent Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
