Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading 7.9% Higher

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE – Get Rating) shares traded up 7.9% on Friday . The stock traded as high as $2.46 and last traded at $2.45. 5,076 shares traded hands during trading, a decline of 100% from the average session volume of 2,394,654 shares. The stock had previously closed at $2.27.

The company’s 50 day moving average is $3.06 and its two-hundred day moving average is $4.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 1.41.

Faraday Future Intelligent Electric (NASDAQ:FFIE – Get Rating) last issued its quarterly earnings data on Monday, May 23rd. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.04). As a group, equities analysts predict that Faraday Future Intelligent Electric Inc. will post -2.5 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Faraday Future Intelligent Electric by 236.5% in the 1st quarter. Vanguard Group Inc. now owns 11,719,169 shares of the company’s stock worth $58,479,000 after buying an additional 8,236,277 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Faraday Future Intelligent Electric by 0.8% in the 1st quarter. BlackRock Inc. now owns 2,782,292 shares of the company’s stock worth $13,885,000 after acquiring an additional 20,833 shares during the last quarter. Venture Visionary Partners LLC lifted its holdings in shares of Faraday Future Intelligent Electric by 50.0% in the 4th quarter. Venture Visionary Partners LLC now owns 2,429,848 shares of the company’s stock worth $12,926,000 after acquiring an additional 809,952 shares during the last quarter. Corbin Capital Partners L.P. lifted its holdings in shares of Faraday Future Intelligent Electric by 2,253.6% in the 4th quarter. Corbin Capital Partners L.P. now owns 2,300,000 shares of the company’s stock worth $12,236,000 after acquiring an additional 2,406,800 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Faraday Future Intelligent Electric by 11.3% in the 4th quarter. Millennium Management LLC now owns 1,586,938 shares of the company’s stock worth $7,887,000 after acquiring an additional 160,774 shares during the last quarter.

Faraday Future Intelligent Electric Company Profile (NASDAQ:FFIE)

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 and internationally. The company was incorporated in 2014 and is headquartered in Gardena, California.

Further Reading

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