Wall Street Zen Downgrades Robo.ai (NASDAQ:AIIO) to Sell

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”.

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Robo.ai Trading Up 116.1%

AIIO traded up $3.03 on Thursday, hitting $5.64. 164,679,858 shares of the stock traded hands, compared to its average volume of 6,591,974. The business has a fifty day moving average price of $0.43 and a two-hundred day moving average price of $0.42. Robo.ai has a 52 week low of $0.54 and a 52 week high of $69.60.

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

(Get Free Report)

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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