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NWTN (NASDAQ:NWTN) Shares Gap Up - Should You Buy?

NWTN logo with Business Services background

NWTN Inc. (NASDAQ:NWTN - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $2.01, but opened at $2.10. NWTN shares last traded at $2.16, with a volume of 120,393 shares trading hands.

NWTN Stock Down 2.0%

The business's 50 day moving average is $1.09 and its 200-day moving average is $0.85.

Institutional Investors Weigh In On NWTN

A hedge fund recently bought a new stake in NWTN stock. Y Intercept Hong Kong Ltd purchased a new position in shares of NWTN Inc. (NASDAQ:NWTN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 179,300 shares of the company's stock, valued at approximately $126,000. Institutional investors own 0.20% of the company's stock.

About NWTN

(Get Free Report)

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.

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Should You Invest $1,000 in NWTN Right Now?

Before you consider NWTN, you'll want to hear this.

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While NWTN currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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