Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Up 9.7%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s stock price was up 9.7% during trading on Monday . The stock traded as high as $3.19 and last traded at $3.05. Approximately 4,855,676 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 4,862,098 shares. The stock had previously closed at $2.78.

Faraday Future Intelligent Electric Trading Up 3.2 %

The company has a quick ratio of 0.15, a current ratio of 0.26 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -0.02 and a beta of 5.65. The company’s 50-day moving average is $7.10 and its 200-day moving average is $12.04.

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

Institutional Investors Weigh In On Faraday Future Intelligent Electric

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealthspire Advisors LLC acquired a new stake in shares of Faraday Future Intelligent Electric during the second quarter worth $25,000. Victory Capital Management Inc. acquired a new stake in shares of Faraday Future Intelligent Electric in the second quarter worth approximately $29,000. Marathon Trading Investment Management LLC purchased a new stake in Faraday Future Intelligent Electric in the second quarter valued at approximately $102,000. Busey Bank acquired a new position in Faraday Future Intelligent Electric during the second quarter worth approximately $252,000. Finally, SG Americas Securities LLC purchased a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter worth $420,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.

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.