Faraday Future Intelligent Electric (NASDAQ:FFIE) Trading Down 3.6% – Time to Sell?

by · The Markets Daily

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE – Get Free Report) were down 3.6% on Monday . The stock traded as low as $1.06 and last traded at $1.07. Approximately 4,649,490 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 12,161,802 shares. The stock had previously closed at $1.11.

Faraday Future Intelligent Electric Stock Up 1.9%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32. The company has a fifty day simple moving average of $1.24 and a two-hundred day simple moving average of $1.68. The firm has a market capitalization of $78.78 million, a PE ratio of -0.03 and a beta of 4.80.

Institutional Inflows and Outflows

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

About Faraday Future Intelligent Electric

(Get 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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