Robo.ai (NASDAQ:AIIO) Rating Lowered to “Sell” at Wall Street Zen

Robo.ai (NASDAQ:AIIO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Robo.ai Stock Performance

NASDAQ AIIO opened at $1.84 on Friday. Robo.ai has a 1 year low of $0.54 and a 1 year high of $56.30. The company has a fifty day moving average of $3.10 and a 200 day moving average of $2.56.

Hedge Funds Weigh In On Robo.ai

A hedge fund recently raised its position in Robo.ai stock. Geode Capital Management LLC lifted its position in Robo.ai Inc. (NASDAQ:AIIO) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,348 shares of the company’s stock after purchasing an additional 31,004 shares during the period. Geode Capital Management LLC owned about 0.09% of Robo.ai worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.20% of the company’s stock.

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.