Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report)'s stock price traded up 5.3% on Monday . The stock traded as high as $1.22 and last traded at $1.19. 5,944,147 shares changed hands during trading, a decline of 43% from the average session volume of 10,460,093 shares. The stock had previously closed at $1.13.
Faraday Future Intelligent Electric Stock Performance
The stock has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $1.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32.
Hedge Funds Weigh In On Faraday Future Intelligent Electric
Several hedge funds and other institutional investors have recently bought and sold shares of FFIE. Two Sigma Investments LP acquired a new position in shares of Faraday Future Intelligent Electric during the fourth quarter worth $34,000. Wealthspire Advisors LLC lifted its holdings 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 worth $50,000 after buying an additional 15,000 shares in the last quarter. Diametric Capital LP purchased a new position in Faraday Future Intelligent Electric in the 4th quarter valued at about $78,000. XTX Topco Ltd purchased a new position in Faraday Future Intelligent Electric in the 1st quarter valued at about $71,000. Finally, Boothbay Fund Management LLC purchased a new position in Faraday Future Intelligent Electric in the 4th quarter valued at about $146,000. 71.74% of the stock is owned by institutional investors and hedge funds.
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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