Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Down 6.4%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s stock price was down 6.4% on Monday . The company traded as low as $0.36 and last traded at $0.38. Approximately 28,960,670 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 108,920,227 shares. The stock had previously closed at $0.40.

Faraday Future Intelligent Electric Stock Down 1.2 %

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 firm has a market cap of $174.39 million, a price-to-earnings ratio of 0.00 and a beta of 5.73. The firm has a 50-day moving average of $0.61 and a two-hundred day moving average of $0.35.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its holdings in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the period. MCF Advisors LLC owned approximately 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.

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.