NWTN (NASDAQ:NWTN) Shares Up 8.9% - Here's Why

Key Points

• NWTN Inc. (NASDAQ:NWTN) shares increased by 8.9% during mid-day trading, reaching a high of $1.40 before closing at $1.35.
• The stock's trading volume was lower than average, with 276,664 shares changing hands, a decline of 33% compared to the usual volume.
• Wall Street analysts have upgraded NWTN to a "hold" rating, reflecting a cautious outlook on the company's stock performance.

NWTN Inc. (NASDAQ:NWTN - Get Free Report)'s share price traded up 8.9% during mid-day trading on Tuesday . The company traded as high as $1.40 and last traded at $1.35. 276,664 shares changed hands during trading, a decline of 33% from the average session volume of 412,462 shares. The stock had previously closed at $1.24.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of NWTN to a "hold" rating in a research note on Friday, June 27th.

NWTN Stock Performance

The stock's 50 day simple moving average is $1.68 and its 200-day simple moving average is $1.01.

NWTN 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.

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