Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Down 6.8%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s share price was down 6.8% during trading on Monday . The stock traded as low as $0.33 and last traded at $0.33. Approximately 15,228,964 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 106,155,258 shares. The stock had previously closed at $0.36.

Faraday Future Intelligent Electric Trading Down 6.9 %

The business has a fifty day moving average price of $0.53 and a two-hundred day moving average price of $0.35. The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $139.02 million, a PE ratio of 0.00 and a beta of 5.73.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. MCF Advisors LLC raised its stake in shares of Faraday Future Intelligent Electric by 13,329.8% in the 4th quarter. MCF Advisors LLC now owns 503,750 shares of the company’s stock valued at $116,000 after acquiring an additional 499,999 shares during the period. SG Americas Securities LLC acquired a new stake in Faraday Future Intelligent Electric in the 2nd quarter valued at approximately $420,000. Finally, Busey Bank purchased a new stake in Faraday Future Intelligent Electric in the second quarter valued at approximately $252,000. Institutional investors and hedge funds own 71.74% of the company’s stock.

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.