Geode Capital Management LLC raised its stake in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Free Report) by 248.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 439,595 shares of the company's stock after acquiring an additional 313,494 shares during the quarter. Geode Capital Management LLC owned approximately 0.97% of Faraday Future Intelligent Electric worth $1,068,000 as of its most recent filing with the SEC.
Separately, Diametric Capital LP acquired a new position in Faraday Future Intelligent Electric in the fourth quarter valued at about $78,000. Institutional investors and hedge funds own 71.74% of the company's stock.
Faraday Future Intelligent Electric Trading Down 1.7 %
Shares of NASDAQ FFIE traded down $0.02 during mid-day trading on Friday, hitting $1.17. 9,292,751 shares of the stock were exchanged, compared to its average volume of 10,576,609. Faraday Future Intelligent Electric Inc. has a twelve month low of $0.99 and a twelve month high of $156.00. The stock's fifty day simple moving average is $1.18 and its two-hundred day simple moving average is $1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32.
Faraday Future Intelligent Electric Company Profile
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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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