Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) fell 3.4% on Tuesday . The company traded as low as $0.49 and last traded at $0.50. 14,090,716 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 104,552,375 shares. The stock had previously closed at $0.51.
Faraday Future Intelligent Electric Stock Performance
The stock has a fifty day simple moving average of $0.43 and a 200-day simple moving average of $0.42. The stock has a market cap of $208.31 million, a P/E ratio of 0.00 and a beta of 5.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.35.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its stake 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 filing 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 period. 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 institutional investors and hedge funds.
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.
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