Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 13.1%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) traded down 13.1% during trading on Thursday . The stock traded as low as $0.40 and last traded at $0.41. 32,782,094 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 104,188,328 shares. The stock had previously closed at $0.47.

Faraday Future Intelligent Electric Price Performance

The company’s 50 day simple moving average is $0.46 and its 200 day simple moving average is $0.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.35 and a quick ratio of 0.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC boosted its position in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 503,750 shares of the company’s stock after acquiring 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. Institutional investors 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.