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

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

Faraday Future Intelligent Electric Stock Down 15.6 %

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 firm’s 50-day moving average price is $0.50 and its 200 day moving average price is $0.40. The firm has a market cap of $222.87 million, a P/E ratio of 0.00 and a beta of 5.82.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its holdings in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. Hedge funds and other 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.