Robo.ai (NASDAQ:AIIO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Robo.ai (NASDAQ:AIIO) from a sell rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

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

Robo.ai Trading Down 2.6%

Shares of NASDAQ:AIIO opened at $2.21 on Friday. The business’s 50-day simple moving average is $3.32 and its 200 day simple moving average is $2.60. Robo.ai has a one year low of $0.54 and a one year high of $56.30.

Hedge Funds Weigh In On Robo.ai

A hedge fund recently raised its position in Robo.ai stock. Geode Capital Management LLC grew its holdings in shares of Robo.ai Inc. (NASDAQ:AIIO) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,348 shares of the company’s stock after acquiring 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 SEC filing. 0.20% of the stock is owned by hedge funds and other 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.