Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 15.6%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) traded down 15.6% during trading on Friday . The company traded as low as $0.46 and last traded at $0.51. 79,645,203 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 112,882,891 shares. The stock had previously closed at $0.60.

Faraday Future Intelligent Electric Price Performance

The stock has a 50-day simple moving average of $0.49 and a 200 day simple moving average of $0.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.35. The company has a market cap of $242.98 million, a P/E ratio of 0.00 and a beta of 5.82.

Institutional Trading of Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after buying an additional 499,999 shares during the period. MCF Advisors LLC owned about 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. 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.