Faraday Future Intelligent Electric Stock Set to Reverse Split on Monday, August 28th (NASDAQ:FFIE)

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE – Free Report)’s stock is scheduled to reverse split on Monday, August 28th. The 1-80 reverse split was announced on Friday, August 25th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, August 25th.

Faraday Future Intelligent Electric Price Performance

Shares of NASDAQ:FFIE opened at $0.16 on Friday. The stock has a market cap of $177.38 million, a PE ratio of -0.19 and a beta of 1.86. Faraday Future Intelligent Electric has a 1-year low of $0.15 and a 1-year high of $1.76. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $0.25 and its two-hundred day simple moving average is $0.33.

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Faraday Future Intelligent Electric (NASDAQ:FFIE – Get Free Report) last issued its quarterly earnings data on Monday, August 21st. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in Faraday Future Intelligent Electric in the 2nd quarter worth approximately $76,000. Y Intercept Hong Kong Ltd bought a new position in Faraday Future Intelligent Electric during the second quarter valued at $51,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Faraday Future Intelligent Electric by 27.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,790,510 shares of the company’s stock worth $958,000 after acquiring an additional 1,035,630 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Faraday Future Intelligent Electric in the 2nd quarter worth about $132,000. Finally, JPMorgan Chase & Co. increased its stake in Faraday Future Intelligent Electric by 231.7% in the 1st quarter. JPMorgan Chase & Co. now owns 388,302 shares of the company’s stock worth $137,000 after buying an additional 271,224 shares during the period. Institutional investors own 19.89% of the company’s stock.

Faraday Future Intelligent Electric Company Profile

(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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