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

Robo.ai (NASDAQ:AIIO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Separately, Weiss Ratings started coverage on Robo.ai in a report on Wednesday. They set a “sell (e+)” rating on the stock. 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 28.7%

Shares of NASDAQ:AIIO opened at $4.02 on Thursday. The business’s fifty day moving average price is $1.63 and its two-hundred day moving average price is $5.82. Robo.ai has a one year low of $0.54 and a one year high of $69.60.

Institutional Investors Weigh In On Robo.ai

An institutional investor recently raised its position in Robo.ai stock. Geode Capital Management LLC raised its stake in Robo.ai Inc. (NASDAQ:AIIO) by 16.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,348 shares of the company’s stock after purchasing an additional 31,004 shares during the quarter. Geode Capital Management LLC owned about 0.09% of Robo.ai worth $353,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.20% of the company’s stock.

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.