Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 0.6%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s share price traded down 0.6% during mid-day trading on Wednesday . The stock traded as low as $0.41 and last traded at $0.43. 33,192,645 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 112,775,984 shares. The stock had previously closed at $0.43.

Faraday Future Intelligent Electric Price Performance

The company has a fifty day simple moving average of $0.51 and a 200-day simple moving average of $0.39. The company has a market cap of $191.64 million, a P/E ratio of 0.00 and a beta of 5.74. 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 Investors Weigh In On Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent filing with the Securities and Exchange Commission. 71.74% of the stock is currently owned by hedge funds and other institutional investors.

Faraday Future Intelligent Electric Company Profile

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.