NWTN (NASDAQ:NWTN) Shares Down 3.9%

NWTN Inc. (NASDAQ:NWTNGet Free Report)’s share price was down 3.9% on Tuesday . The company traded as low as $6.40 and last traded at $6.40. Approximately 18,171 shares changed hands during trading, an increase of 4% from the average daily volume of 17,487 shares. The stock had previously closed at $6.66.

NWTN Stock Performance

The company has a quick ratio of 1.91, a current ratio of 2.62 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $7.35 and its 200-day simple moving average is $8.47.

Institutional Investors Weigh In On NWTN

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC bought a new position in shares of NWTN during the 4th quarter valued at approximately $1,894,000. Barclays PLC bought a new position in NWTN during the fourth quarter valued at $459,000. Susquehanna International Group LLP purchased a new position in shares of NWTN in the 4th quarter worth $1,002,000. Millennium Management LLC bought a new stake in shares of NWTN in the 4th quarter worth about $200,000. Finally, Jane Street Group LLC purchased a new stake in shares of NWTN during the 4th quarter valued at about $626,000. 0.20% of the stock is owned by 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.

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