Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) rose 5.3% during mid-day trading on Monday . The stock traded as high as $1.22 and last traded at $1.19. Approximately 5,944,147 shares changed hands during trading, a decline of 43% from the average daily volume of 10,460,093 shares. The stock had previously closed at $1.13.
Faraday Future Intelligent Electric Stock Performance
The firm has a fifty day simple moving average of $1.12 and a 200-day simple moving average of $1.35. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20.
Hedge Funds Weigh In On Faraday Future Intelligent Electric
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of Faraday Future Intelligent Electric by 248.6% during the fourth 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 last quarter. Diametric Capital LP purchased a new position in shares of Faraday Future Intelligent Electric during the fourth quarter worth about $78,000. Boothbay Fund Management LLC purchased a new position in shares of Faraday Future Intelligent Electric during the fourth quarter worth about $146,000. XTX Topco Ltd purchased a new position in shares of Faraday Future Intelligent Electric during the first quarter worth about $71,000. Finally, Wealthspire Advisors LLC grew its holdings in shares of Faraday Future Intelligent Electric by 77.9% during the first quarter. Wealthspire Advisors LLC now owns 34,250 shares of the company's stock worth $50,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors 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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