Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) shares fell 6.1% during trading on Friday . The company traded as low as $0.39 and last traded at $0.40. 25,480,114 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 112,244,742 shares. The stock had previously closed at $0.42.
Faraday Future Intelligent Electric Trading Down 5.7 %
The stock has a 50 day moving average of $0.54 and a 200 day moving average of $0.39. The firm has a market cap of $175.98 million, a P/E ratio of 0.00 and a beta of 5.73. 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
A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its position 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 SEC. The institutional investor owned 503,750 shares of the company's stock after buying an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent quarter. Institutional investors and hedge funds own 71.74% of the company's stock.
About Faraday Future Intelligent Electric
(
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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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