Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report)'s stock price shot up 16% during mid-day trading on Monday . The stock traded as high as $1.90 and last traded at $1.89. 12,169,678 shares changed hands during mid-day trading, an increase of 7% from the average session volume of 11,412,048 shares. The stock had previously closed at $1.63.
Faraday Future Intelligent Electric Price Performance
The company has a debt-to-equity ratio of 0.20, a current ratio of 0.32 and a quick ratio of 0.21. The company's 50-day simple moving average is $1.36 and its 200-day simple moving average is $1.40.
Institutional Investors Weigh In On Faraday Future Intelligent Electric
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Faraday Future Intelligent Electric by 248.6% during the 4th quarter. Geode Capital Management LLC now owns 439,595 shares of the company's stock worth $1,068,000 after buying an additional 313,494 shares during the period. Northern Trust Corp increased its stake in Faraday Future Intelligent Electric by 775.3% during the 4th quarter. Northern Trust Corp now owns 108,318 shares of the company's stock worth $263,000 after buying an additional 95,943 shares during the period. Millennium Management LLC purchased a new stake in Faraday Future Intelligent Electric during the 4th quarter worth $162,000. Boothbay Fund Management LLC purchased a new stake in Faraday Future Intelligent Electric during the 4th quarter worth $146,000. Finally, XTX Topco Ltd purchased a new stake in Faraday Future Intelligent Electric during the 1st quarter worth $71,000. Hedge funds and other institutional investors own 71.74% of the company's stock.
Faraday Future Intelligent Electric Company Profile
(
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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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