Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 4.7%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s stock price traded down 4.7% during trading on Monday . The company traded as low as $3.15 and last traded at $3.21. 848,611 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 4,736,036 shares. The stock had previously closed at $3.37.

Faraday Future Intelligent Electric Trading Down 7.4 %

The company has a current ratio of 0.26, a quick ratio of 0.15 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $8.63 and a two-hundred day moving average of $12.12. The company has a market capitalization of $1.37 billion, a PE ratio of -0.02 and a beta of 5.65.

Faraday Future Intelligent Electric (NASDAQ:FFIE) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($5.20) EPS for the quarter. The business had revenue of $0.29 million for the quarter. Faraday Future Intelligent Electric had a negative net margin of 29,540.78% and a negative return on equity of 117.46%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at approximately $420,000. Busey Bank purchased a new position in shares of Faraday Future Intelligent Electric in the second quarter worth $252,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the second quarter valued at $102,000. Victory Capital Management Inc. bought a new position in Faraday Future Intelligent Electric during the 2nd quarter valued at about $29,000. Finally, Wealthspire Advisors LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at about $25,000. 71.74% of the stock is owned by hedge funds and other 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.