Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Up 6.7%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s stock price was up 6.7% during trading on Monday . The stock traded as high as $0.46 and last traded at $0.45. Approximately 34,049,223 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 109,860,766 shares. The stock had previously closed at $0.42.

Faraday Future Intelligent Electric Stock Performance

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 company has a 50 day moving average of $0.57 and a 200 day moving average of $0.36. The firm has a market cap of $214.03 million, a price-to-earnings ratio of 0.00 and a beta of 5.74.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC raised its position in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 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.