Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 5.1% – What’s Next?

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)’s stock price traded down 5.1% during trading on Thursday . The company traded as low as $0.5110 and last traded at $0.5161. 21,538,745 shares changed hands during trading, an increase of 77% from the average session volume of 12,161,802 shares. The stock had previously closed at $0.5441.

Faraday Future Intelligent Electric Stock Down 5.1%

The company’s fifty day simple moving average is $1.00 and its 200-day simple moving average is $1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.32 and a quick ratio of 0.21. The firm has a market capitalization of $37.65 million, a PE ratio of -0.01 and a beta of 4.80.

Institutional Trading of Faraday Future Intelligent Electric

A number of institutional investors have recently bought and sold shares of FFIE. Vanguard Personalized Indexing Management LLC acquired a new position in Faraday Future Intelligent Electric during the 2nd quarter valued at approximately $25,000. ProShare Advisors LLC purchased a new stake in shares of Faraday Future Intelligent Electric during the second quarter valued at $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at $29,000. Bank of America Corp DE raised its stake in Faraday Future Intelligent Electric by 4,848.6% in the 2nd quarter. Bank of America Corp DE now owns 28,603 shares of the company’s stock worth $41,000 after acquiring an additional 28,025 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Faraday Future Intelligent Electric in the 2nd quarter worth $45,000. 71.74% of the stock is currently owned by institutional investors and hedge funds.

About Faraday Future Intelligent Electric

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) is an American mobility technology company specializing in the design, development and manufacture of premium electric vehicles. Founded in 2014 and based in Los Angeles, California, Faraday Future focuses on next‐generation automotive solutions that integrate high‐performance powertrains with advanced connectivity and energy-management systems.

The company’s flagship vehicle, the FF 91, is a luxury all‐electric SUV built on its proprietary Variable Platform Architecture (VPA).