Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Up 4.2%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) rose 4.2% during trading on Friday . The company traded as high as $1.37 and last traded at $1.24. Approximately 56,758,950 shares changed hands during trading, a decline of 39% from the average daily volume of 93,384,117 shares. The stock had previously closed at $1.19.

Faraday Future Intelligent Electric Stock Down 2.5 %

The company has a market capitalization of $49.18 million, a PE ratio of -0.01 and a beta of 1.63. The stock’s fifty day moving average is $0.27 and its two-hundred day moving average is $0.57. The company has a current ratio of 0.67, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC increased its stake in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 503,750 shares of the company’s stock after purchasing an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent quarter. 71.74% of the stock is owned by 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.