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NWTN (NASDAQ:NWTN) Stock Price Up 13.1% - Time to Buy?

NWTN logo with Business Services background

NWTN Inc. (NASDAQ:NWTN - Get Free Report)'s stock price was up 13.1% on Tuesday . The company traded as high as $0.75 and last traded at $0.68. Approximately 111,842 shares were traded during trading, a decline of 61% from the average daily volume of 283,612 shares. The stock had previously closed at $0.60.

NWTN Stock Up 13.1%

The stock's fifty day simple moving average is $0.43 and its two-hundred day simple moving average is $0.73.

Institutional Investors Weigh In On NWTN

A hedge fund recently bought a new stake in NWTN stock. Y Intercept Hong Kong Ltd acquired a new position in shares of NWTN Inc. (NASDAQ:NWTN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 179,300 shares of the company's stock, valued at approximately $126,000. 0.20% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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