Robo.ai Inc. (NASDAQ:AIIO – Get Free Report) shares were down 1.4% during mid-day trading on Tuesday. The company traded as low as $1.33 and last traded at $1.37. Approximately 261,342 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 584,223 shares. The stock had previously closed at $1.39.
Analysts Set New Price Targets
A number of analysts have recently commented on AIIO shares. Weiss Ratings raised Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 22nd. Wall Street Zen downgraded Robo.ai from a “hold” rating to a “sell” rating in a research note on Sunday, September 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Robo.ai presently has an average rating of “Sell”.
Read Our Latest Report on Robo.ai
Robo.ai Stock Down 6.1%
About Robo.ai
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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