NWTN Inc (NASDAQ: NWTN) Shares Might Go Down -87.62% This Year

In the last trading session, 1.36 million shares of the NWTN Inc (NASDAQ:NWTN) were traded, and its beta was -0.29. Most recently the company’s share price was $1.04, and it changed around $0.05 or 4.94% from the last close, which brings the market valuation of the company to $297.64M. NWTN currently trades at a discount to its 52-week high of $9.29, offering almost -793.27% off that amount. The share price’s 52-week low was $0.53, which indicates that the current value has risen by an impressive 49.04% since then. We note from NWTN Inc’s average daily trading volume that its 10-day average is 2.18 million shares, with the 3-month average coming to 357.05K.

NWTN Inc (NASDAQ:NWTN) trade information

Instantly NWTN has showed a green trend with a performance of 4.94% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5600 on recent trading dayincreased the stock’s daily price by 33.33%. The company’s shares are currently down -86.63% year-to-date, but still up 65.08% over the last five days. On the other hand, NWTN Inc (NASDAQ:NWTN) is 44.44% up in the 30-day period. We can see from the shorts that 0.19 million shares have been sold at a short interest cover period of 2.45 day(s).

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NWTN Dividends

NWTN Inc’s next quarterly earnings report is expected to be released in November.

NWTN Inc (NASDAQ:NWTN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.77% of NWTN Inc shares, and 0.17% of them are in the hands of institutional investors. The stock currently has a share float of 0.18%.