Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 4.9%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s share price fell 4.9% on Tuesday . The company traded as low as $0.48 and last traded at $0.49. 43,349,715 shares changed hands during trading, a decline of 61% from the average session volume of 110,730,078 shares. The stock had previously closed at $0.52.

Faraday Future Intelligent Electric Stock Performance

The business has a fifty day simple moving average of $0.60 and a two-hundred day simple moving average of $0.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22. The company has a market cap of $183.54 million, a PE ratio of 0.00 and a beta of 5.73.

Institutional Trading of Faraday Future Intelligent Electric

An institutional investor recently bought a new position in Faraday Future Intelligent Electric stock. SG Americas Securities LLC bought a new position in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 829,999 shares of the company’s stock, valued at approximately $420,000. SG Americas Securities LLC owned 0.19% of Faraday Future Intelligent Electric as of its most recent SEC filing. 71.74% of the stock is owned by institutional investors and hedge funds.

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.