Robo.ai Shares Scheduled to Reverse Split on Friday, November 6th (NASDAQ:AIIO)

Robo.ai Inc. (NASDAQ:AIIO – Free Report) shares are set to reverse split on Friday, November 6th. The 1-25 reverse split was announced on Friday, October 16th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 6th.

Robo.ai Price Performance

NASDAQ:AIIO opened at $0.56 on Friday. Robo.ai has a 1-year low of $0.54 and a 1-year high of $22.00. The business’s fifty day moving average price is $1.62 and its 200 day moving average price is $2.29.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AIIO shares. Weiss Ratings upgraded shares of Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Wall Street Zen raised shares of Robo.ai from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

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