Robo.ai (NASDAQ:AIIO) Shares Up 10.7% – What’s Next?

Robo.ai Inc. (NASDAQ:AIIO)’s stock price shot up 10.7% during trading on Monday . The stock traded as high as $2.89 and last traded at $2.89. 709,158 shares traded hands during trading, a decline of 89% from the average daily volume of 6,190,837 shares. The stock had previously closed at $2.61.

Wall Street Analyst Weigh In

AIIO has been the subject of a number of research reports. Wall Street Zen cut shares of Robo.ai from a “hold” rating to a “sell” rating in a research report on Thursday, May 14th. Weiss Ratings raised Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Robo.ai Trading Up 11.1%

The company has a 50 day moving average price of $3.42 and a 200 day moving average price of $3.01.

Institutional Trading of Robo.ai

A hedge fund recently raised its stake in Robo.ai stock. Geode Capital Management LLC grew its stake in shares of Robo.ai Inc. (NASDAQ:AIIO) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,348 shares of the company’s stock after purchasing an additional 31,004 shares during the period. Geode Capital Management LLC owned approximately 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.

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.