NWTN (NASDAQ:NWTN) Shares Gap Up to $7.79

Shares of NWTN Inc. (NASDAQ:NWTN) gapped up before the market opened on Thursday . The stock had previously closed at $7.79, but opened at $8.26. NWTN shares last traded at $6.87, with a volume of 14,856 shares trading hands.

NWTN Trading Down 11.2 %

The business has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $7.33. The company has a current ratio of 2.62, a quick ratio of 1.91 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in NWTN by 3.2% in the first quarter. Geode Capital Management LLC now owns 182,194 shares of the company’s stock valued at $2,248,000 after purchasing an additional 5,623 shares in the last quarter. State Street Corp acquired a new stake in shares of NWTN in the first quarter worth about $1,166,000. Susquehanna International Group LLP acquired a new stake in shares of NWTN in the fourth quarter worth about $1,002,000. Mint Tower Capital Management B.V. acquired a new stake in shares of NWTN in the fourth quarter worth about $817,000. Finally, Jane Street Group LLC acquired a new stake in shares of NWTN in the fourth quarter worth about $626,000. Hedge funds and other institutional investors own 0.20% of the company’s stock.

About NWTN

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.