Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) dropped 7.6% on Tuesday . The company traded as low as $2.61 and last traded at $2.69. Approximately 19,722,584 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 12,161,802 shares. The stock had previously closed at $2.91.
Faraday Future Intelligent Electric Stock Performance
The stock has a 50 day moving average price of $1.76 and a two-hundred day moving average price of $1.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.32 and a quick ratio of 0.21.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FFIE. Two Sigma Investments LP bought a new stake in shares of Faraday Future Intelligent Electric in the 4th quarter valued at $34,000. Wealthspire Advisors LLC increased its holdings in Faraday Future Intelligent Electric by 77.9% during the 1st quarter. Wealthspire Advisors LLC now owns 34,250 shares of the company's stock worth $50,000 after purchasing an additional 15,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Faraday Future Intelligent Electric during the 2nd quarter worth about $25,000. XTX Topco Ltd bought a new position in Faraday Future Intelligent Electric during the 1st quarter worth about $71,000. Finally, Boothbay Fund Management LLC bought a new position in Faraday Future Intelligent Electric during the 4th quarter worth about $146,000. Institutional investors and hedge funds own 71.74% of the company's stock.
About Faraday Future Intelligent Electric
(
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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.
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