Robo.ai (NASDAQ:AIIO – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Separately, Weiss Ratings assumed coverage on shares of Robo.ai in a research report on Wednesday. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Robo.ai
Robo.ai Trading Up 116.1%
Institutional Investors Weigh In On Robo.ai
An institutional investor recently raised its position in Robo.ai stock. Geode Capital Management LLC grew its position in shares of Robo.ai Inc. (NASDAQ:AIIO – Free Report) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,348 shares of the company’s stock after acquiring an additional 31,004 shares during the quarter. Geode Capital Management LLC owned 0.09% of Robo.ai worth $353,000 at the end of the most recent reporting period. 0.20% of the stock is currently owned by institutional investors and hedge funds.
Robo.ai Company Profile
NWTN Inc operates as a smart passenger vehicle company, provides passenger-centric mobility and green energy solutions in the United States, the United Arab Emirates, and Mainland China. The company develops electric vehicles, including Supersport coupe; and smart passenger vehicles, such as MUSE and ADA. It integrates design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems for future mobility solutions. The company also involved in the wholesale and retail of vehicles; and provision of business management, operations, commercialization, as well as design and technology development services.
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