Robo.ai (NASDAQ:AIIO) Cut to Sell at Wall Street Zen

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

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

Robo.ai Price Performance

Robo.ai stock opened at $1.95 on Friday. Robo.ai has a 1-year low of $0.54 and a 1-year high of $56.30. The company’s 50-day moving average is $3.05 and its 200 day moving average is $2.56.

Institutional Investors Weigh In On Robo.ai

A hedge fund recently raised its stake in Robo.ai stock. Geode Capital Management LLC boosted its holdings in shares of Robo.ai Inc. (NASDAQ:AIIO) by 16.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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. Hedge funds and other institutional investors own 0.20% of the company’s stock.

About Robo.ai

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.