Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Down 7.5%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s share price fell 7.5% on Wednesday . The stock traded as low as $0.35 and last traded at $0.36. 16,503,596 shares were traded during trading, a decline of 85% from the average session volume of 107,850,656 shares. The stock had previously closed at $0.39.

Faraday Future Intelligent Electric Stock Down 0.9 %

The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $156.93 million, a price-to-earnings ratio of 0.00 and a beta of 5.73. The firm’s 50 day moving average price is $0.59 and its two-hundred day moving average price is $0.35.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FFIE. MCF Advisors LLC raised its position in shares of Faraday Future Intelligent Electric by 13,329.8% in the fourth quarter. MCF Advisors LLC now owns 503,750 shares of the company’s stock valued at $116,000 after purchasing an additional 499,999 shares during the period. Busey Bank bought a new position in Faraday Future Intelligent Electric in the 2nd quarter valued at about $252,000. Finally, SG Americas Securities LLC bought a new position in Faraday Future Intelligent Electric in the 2nd quarter valued at about $420,000. 71.74% of the stock is owned by institutional investors and hedge funds.

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.