Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 15.6%

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) dropped 15.6% during trading on Friday . The stock traded as low as $0.46 and last traded at $0.51. Approximately 79,645,203 shares changed hands during trading, a decline of 29% from the average daily volume of 112,882,891 shares. The stock had previously closed at $0.60.

Faraday Future Intelligent Electric Stock Performance

The company has a market capitalization of $222.87 million, a PE ratio of 0.00 and a beta of 5.82. The stock’s 50-day simple moving average is $0.50 and its 200 day simple moving average is $0.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.22 and a current ratio of 0.35.

Institutional Trading of Faraday Future Intelligent Electric

An institutional investor recently raised its position in Faraday Future Intelligent Electric stock. MCF Advisors LLC grew its holdings in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 13,329.8% during the fourth quarter, according to the company in its most recent filing with the SEC. 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 about 0.40% of Faraday Future Intelligent Electric worth $116,000 at the end of the most recent reporting period. 71.74% of the stock is 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.