Robo.ai (NASDAQ:AIIO) Downgraded to Sell Rating by 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 released on Sunday 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 note on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Robo.ai Price Performance

NASDAQ:AIIO opened at $1.84 on Friday. Robo.ai has a twelve month low of $0.54 and a twelve month high of $56.30. The stock’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $2.57.

Hedge Funds Weigh In On Robo.ai

A hedge fund recently raised its stake in Robo.ai stock. Geode Capital Management LLC raised its holdings in Robo.ai Inc. (NASDAQ:AIIO) by 16.4% during the 2nd quarter, according to its most recent disclosure 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 period. Geode Capital Management LLC owned about 0.09% of Robo.ai worth $353,000 at the end of the most recent quarter. 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.