Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Up 7.4%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) traded up 7.4% during trading on Thursday . The company traded as high as $0.43 and last traded at $0.43. 17,803,840 shares changed hands during trading, a decline of 84% from the average session volume of 110,697,758 shares. The stock had previously closed at $0.40.

Faraday Future Intelligent Electric Stock Performance

The company has a current ratio of 0.35, a quick ratio of 0.22 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $178.09 million, a PE ratio of 0.00 and a beta of 5.73. The business’s 50 day moving average is $0.56 and its 200 day moving average is $0.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Faraday Future Intelligent Electric stock. MCF Advisors LLC raised its holdings in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 503,750 shares of the company’s stock after acquiring an additional 499,999 shares during the quarter. MCF Advisors LLC owned approximately 0.40% of Faraday Future Intelligent Electric worth $116,000 as of its most recent filing with the Securities & Exchange Commission. 71.74% of the stock is currently owned by institutional investors.

About Faraday Future Intelligent Electric

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.