Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Up 7.4%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares were up 7.4% during mid-day trading on Thursday . The stock traded as high as $0.43 and last traded at $0.43. Approximately 17,803,840 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 110,697,758 shares. The stock had previously closed at $0.40.

Faraday Future Intelligent Electric Stock Up 1.6 %

The firm has a 50 day moving average price of $0.56 and a 200-day moving average price of $0.37. 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 $178.09 million, a PE ratio of 0.00 and a beta of 5.73.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC lifted its holdings in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 503,750 shares of the company’s stock after acquiring an additional 499,999 shares during the period. MCF Advisors LLC owned 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.