Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Down 23%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) fell 23% during mid-day trading on Wednesday . The stock traded as low as $1.03 and last traded at $1.07. 99,256,049 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 91,505,164 shares. The stock had previously closed at $1.39.

Faraday Future Intelligent Electric Stock Down 27.3 %

The business has a 50-day moving average of $0.20 and a 200 day moving average of $0.60. The company has a market capitalization of $42.82 million, a PE ratio of -0.01 and a beta of 1.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.67 and a quick ratio of 0.48.

Institutional Inflows and Outflows

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 13F filing with the SEC. The firm owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. 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 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.