Faraday Future Intelligent Electric (NASDAQ:FFIE) Shares Gap Down to $3.70

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares gapped down prior to trading on Friday . The stock had previously closed at $3.70, but opened at $3.50. Faraday Future Intelligent Electric shares last traded at $3.38, with a volume of 3,690,998 shares trading hands.

Faraday Future Intelligent Electric Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.26 and a quick ratio of 0.15. The stock’s 50 day simple moving average is $9.15 and its two-hundred day simple moving average is $12.13. The company has a market capitalization of $1.47 billion, a P/E ratio of -0.03 and a beta of 5.65.

Faraday Future Intelligent Electric (NASDAQ:FFIE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($5.20) EPS for the quarter. The firm had revenue of $0.29 million during the quarter. Faraday Future Intelligent Electric had a negative net margin of 29,540.78% and a negative return on equity of 117.46%.

Institutional Trading of Faraday Future Intelligent Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at $420,000. Busey Bank acquired a new stake in shares of Faraday Future Intelligent Electric during the second quarter worth about $252,000. Marathon Trading Investment Management LLC acquired a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at approximately $102,000. Victory Capital Management Inc. acquired a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at approximately $29,000. Finally, Wealthspire Advisors LLC bought a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth approximately $25,000. 71.74% of the stock is owned by institutional investors.

Faraday Future Intelligent Electric Company Profile

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.