Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 156,416 call options on the company. This represents an increase of 128% compared to the typical daily volume of 68,608 call options.
Faraday Future Intelligent Electric Trading Up 73.0 %
FFIE traded up $0.19 during mid-day trading on Wednesday, hitting $0.46. The stock had a trading volume of 659,691,289 shares, compared to its average volume of 109,253,625. The stock's fifty day simple moving average is $0.48 and its 200-day simple moving average is $0.40. The firm has a market capitalization of $201.71 million, a price-to-earnings ratio of 0.00 and a beta of 5.82. Faraday Future Intelligent Electric has a 1-year low of $0.04 and a 1-year high of $83.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22.
Institutional Trading of Faraday Future Intelligent Electric
An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its holdings in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Free Report) by 13,329.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent quarter. 71.74% of the stock is currently owned by hedge funds and other 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.
Further Reading
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
MarketBeat's analysts have just released their top five short plays for July 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
