Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) traded up 3.6% during trading on Thursday . The stock traded as high as $0.93 and last traded at $0.90. 6,168,432 shares traded hands during trading, a decline of 40% from the average session volume of 10,335,719 shares. The stock had previously closed at $0.87.
Faraday Future Intelligent Electric Price Performance
The firm's 50-day moving average price is $1.19 and its 200 day moving average price is $1.48. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20.
Institutional Investors Weigh In On Faraday Future Intelligent Electric
Large investors have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new position in Faraday Future Intelligent Electric in the fourth quarter worth approximately $34,000. Diametric Capital LP bought a new position in shares of Faraday Future Intelligent Electric in the 4th quarter worth $78,000. Boothbay Fund Management LLC acquired a new stake in Faraday Future Intelligent Electric in the 4th quarter valued at $146,000. Millennium Management LLC bought a new stake in Faraday Future Intelligent Electric during the 4th quarter valued at $162,000. Finally, Northern Trust Corp raised its holdings in Faraday Future Intelligent Electric by 775.3% during the fourth 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 last quarter. 71.74% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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