Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) fell 4.1% on Wednesday . The company traded as low as $1.37 and last traded at $1.40. 5,547,611 shares were traded during trading, a decline of 54% from the average session volume of 12,161,802 shares. The stock had previously closed at $1.46.
Faraday Future Intelligent Electric Price Performance
The firm's 50-day moving average is $1.84 and its two-hundred day moving average is $1.65. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 0.20.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Faraday Future Intelligent Electric in the 2nd quarter worth $124,000. Bank of America Corp DE boosted its stake in Faraday Future Intelligent Electric by 4,848.6% in the 2nd quarter. Bank of America Corp DE now owns 28,603 shares of the company's stock worth $41,000 after purchasing an additional 28,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Faraday Future Intelligent Electric in the 2nd quarter worth $71,000. The Manufacturers Life Insurance Company acquired a new position in Faraday Future Intelligent Electric in the 2nd quarter worth $45,000. Finally, Invesco Ltd. acquired a new position in Faraday Future Intelligent Electric in the 2nd quarter worth $65,000. 71.74% of the stock is currently owned by institutional investors.
Faraday Future Intelligent Electric Company Profile
(
Get Free Report)
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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