Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) shot up 16% during trading on Monday . The company traded as high as $1.90 and last traded at $1.89. 12,169,678 shares were traded during 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 Stock Performance
The firm's 50 day moving average price is $1.38 and its 200-day moving average price is $1.41. 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 Trading of Faraday Future Intelligent Electric
A number of institutional investors and hedge funds have recently modified their holdings of FFIE. Two Sigma Investments LP acquired a new stake in Faraday Future Intelligent Electric in the 4th quarter valued at $34,000. Wealthspire Advisors LLC boosted its stake in Faraday Future Intelligent Electric by 77.9% in the 1st quarter. Wealthspire Advisors LLC now owns 34,250 shares of the company's stock valued at $50,000 after buying an additional 15,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in Faraday Future Intelligent Electric in the 1st quarter valued at $71,000. Diametric Capital LP acquired a new stake in Faraday Future Intelligent Electric in the 4th quarter valued at $78,000. Finally, Boothbay Fund Management LLC acquired a new stake in Faraday Future Intelligent Electric in the 4th quarter valued at $146,000. 71.74% of the stock is currently owned by institutional investors.
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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