Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Down 8.6%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) traded down 8.6% during trading on Tuesday . The stock traded as low as $0.38 and last traded at $0.42. 47,741,638 shares changed hands during trading, a decline of 58% from the average session volume of 113,095,016 shares. The stock had previously closed at $0.46.

Faraday Future Intelligent Electric Price Performance

The business has a 50-day moving average price of $0.51 and a two-hundred day moving average price of $0.39. The company has a quick ratio of 0.22, a current ratio of 0.35 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $179.32 million, a price-to-earnings ratio of 0.00 and a beta of 5.74.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its stake in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the 4th quarter, according to its most recent Form 13F 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 quarter. MCF Advisors LLC owned 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent quarter. 71.74% of the stock is owned by institutional investors.

About Faraday Future Intelligent Electric

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.