Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $2.75, but opened at $2.64. Faraday Future Intelligent Electric shares last traded at $2.50, with a volume of 2,348,879 shares traded.
Faraday Future Intelligent Electric Stock Performance
The firm has a 50-day moving average price of $5.04 and a 200 day moving average price of $11.83. The firm has a market capitalization of $1.10 billion, a PE ratio of -0.02 and a beta of 5.61. The company has a quick ratio of 0.15, a current ratio of 0.26 and a debt-to-equity ratio of 0.18.
Faraday Future Intelligent Electric (NASDAQ:FFIE - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($5.20) earnings per share (EPS) for the quarter. The company had revenue of $0.29 million during the quarter. Faraday Future Intelligent Electric had a negative net margin of 29,540.78% and a negative return on equity of 117.46%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FFIE. SG Americas Securities LLC purchased a new position in Faraday Future Intelligent Electric in the second quarter valued at $420,000. Busey Bank purchased a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth about $252,000. Marathon Trading Investment Management LLC purchased a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth about $102,000. Victory Capital Management Inc. purchased a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth about $29,000. Finally, Wealthspire Advisors LLC purchased a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth about $25,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.
Faraday Future Intelligent Electric Company Profile
(
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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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