Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) shares dropped 5.2% during mid-day trading on Wednesday . The stock traded as low as $2.00 and last traded at $2.01. Approximately 1,951,312 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 5,033,966 shares. The stock had previously closed at $2.12.
Faraday Future Intelligent Electric Trading Down 4.7 %
The business's 50-day moving average is $3.88 and its two-hundred day moving average is $11.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.15. The firm has a market cap of $888.68 million, a P/E ratio of -0.02 and a beta of 5.61.
Faraday Future Intelligent Electric (NASDAQ:FFIE - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($5.20) earnings per share (EPS) for the quarter. Faraday Future Intelligent Electric had a negative net margin of 29,540.78% and a negative return on equity of 117.46%. The business had revenue of $0.29 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in FFIE. Wealthspire Advisors LLC bought a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at $25,000. Victory Capital Management Inc. bought a new stake in Faraday Future Intelligent Electric during the second quarter valued at $29,000. Marathon Trading Investment Management LLC acquired a new stake in Faraday Future Intelligent Electric during the second quarter worth approximately $102,000. Busey Bank acquired a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter worth approximately $252,000. Finally, SG Americas Securities LLC bought a new stake in Faraday Future Intelligent Electric in the second quarter valued at $420,000. 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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