Robo.ai (NASDAQ:AIIO) Upgraded by Wall Street Zen to Hold Rating

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

Separately, Weiss Ratings upgraded shares of Robo.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Robo.ai Trading Down 3.8%

Shares of AIIO stock opened at $2.27 on Friday. The business’s 50 day simple moving average is $3.34 and its 200 day simple moving average is $2.61. 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 lifted its stake in shares of Robo.ai Inc. (NASDAQ:AIIO) by 16.4% in the 2nd quarter, according to the company in its most recent 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 about 0.09% of Robo.ai worth $353,000 as of its most recent filing with the Securities & Exchange Commission. 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.