Thunder Power (NASDAQ:AIEV) Trading 10.5% Higher – Should You Buy?

Thunder Power Holdings, Inc. (NASDAQ:AIEV)’s stock price was up 10.5% during trading on Monday . The company traded as high as $0.2175 and last traded at $0.21. Approximately 8,802 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 9,934 shares. The stock had previously closed at $0.19.

Thunder Power Stock Up 10.5%

The company has a market capitalization of $10.65 million, a P/E ratio of -4.20 and a beta of 0.55. The business has a 50 day moving average of $0.14 and a 200 day moving average of $0.15.

Thunder Power Company Profile

Thunder Power New Energy Vehicle Development Co, Ltd. is a developer and manufacturer of premium electric vehicles, focused on integrating advanced design, engineering and sustainable energy technologies. Established in 2011 and headquartered in Taipei with regional offices in Hong Kong, the company aims to deliver zero-emission mobility solutions that compete in the global luxury EV segment.

The company’s research and development operations span multiple locations, including a design and prototyping studio in Turin, Italy, where exterior and interior concepts are crafted in collaboration with international engineering partners.