NWTN (NASDAQ:NWTN) Trading 8.1% Higher – What’s Next?

NWTN Inc. (NASDAQ:NWTN)’s share price traded up 8.1% during mid-day trading on Monday . The company traded as high as $1.46 and last traded at $1.46. 3,349,851 shares were traded during trading, an increase of 733% from the average session volume of 402,367 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of NWTN to a “hold” rating in a report on Friday, June 27th.

NWTN Price Performance

The stock’s 50-day moving average is $1.57 and its 200 day moving average is $1.39.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in NWTN stock. Geode Capital Management LLC lifted its stake in NWTN Inc. (NASDAQ:NWTN) by 16.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,348 shares of the company’s stock after buying an additional 31,004 shares during the period. Geode Capital Management LLC owned approximately 0.09% of NWTN worth $353,000 at the end of the most recent quarter. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

About NWTN

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.