Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report)'s stock price dropped 2.9% during trading on Friday . The stock traded as low as $2.65 and last traded at $2.72. Approximately 1,544,817 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 4,869,835 shares. The stock had previously closed at $2.80.
Faraday Future Intelligent Electric Trading Down 3.6 %
The company's 50 day simple moving average is $6.12 and its 200 day simple moving average is $11.90. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -0.02 and a beta of 5.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.15.
Faraday Future Intelligent Electric (NASDAQ:FFIE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($5.20) EPS for the quarter. The business had revenue of $0.29 million during the quarter. Faraday Future Intelligent Electric had a negative return on equity of 117.46% and a negative net margin of 29,540.78%.
Hedge Funds Weigh In On Faraday Future Intelligent Electric
Several institutional investors have recently modified their holdings of FFIE. SG Americas Securities LLC acquired a new position in shares of Faraday Future Intelligent Electric in the second quarter worth $420,000. Busey Bank acquired a new position in shares of Faraday Future Intelligent Electric during the second quarter worth $252,000. Victory Capital Management Inc. acquired a new position in shares of Faraday Future Intelligent Electric during the second quarter worth $29,000. Wealthspire Advisors LLC acquired a new position in shares of Faraday Future Intelligent Electric during the second quarter worth $25,000. Finally, Marathon Trading Investment Management LLC acquired a new position in shares of Faraday Future Intelligent Electric during the second quarter worth $102,000. 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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