Wall Street Zen Upgrades Robo.ai (NASDAQ:AIIO) to Hold

Robo.ai (NASDAQ:AIIO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

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

Robo.ai Price Performance

Shares of Robo.ai stock opened at $2.27 on Friday. The business has a 50-day simple moving average of $3.34 and a 200 day simple moving average of $2.61. Robo.ai has a one year low of $0.54 and a one year high of $56.30.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Robo.ai stock. Geode Capital Management LLC boosted its stake in Robo.ai Inc. (NASDAQ:AIIO) by 16.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,348 shares of the company’s stock after buying an additional 31,004 shares during the quarter. Geode Capital Management LLC owned approximately 0.09% of Robo.ai worth $353,000 as of its most recent SEC filing. 0.20% of the stock is currently owned by institutional investors and hedge funds.

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.