The stock of NWTN Inc (NWTN) has seen a -42.74% decrease in the past week, with a -50.83% drop in the past month, and a -46.13% decrease in the past quarter. The volatility ratio for the week is 21.62%, and the volatility levels for the past 30 days are at 11.67% for NWTN.. The simple moving average for the past 20 days is -46.86% for NWTN’s stock, with a -53.94% simple moving average for the past 200 days.
Is It Worth Investing in NWTN Inc (NASDAQ: NWTN) Right Now?
NWTN has 36-month beta value of -0.11.
The public float for NWTN is 246.44M, and currently, short sellers hold a 0.01% ratio of that float. The average trading volume of NWTN on May 09, 2024 was 55.61K shares.
NWTN) stock’s latest price update
NWTN Inc (NASDAQ: NWTN) has experienced a decline in its stock price by -18.76 compared to its previous closing price of 4.37. However, the company has seen a fall of -42.74% in its stock price over the last five trading days. InvestorPlace reported 2024-04-04 that In navigating the tumultuous electric vehicle (EV) market, consider EV stocks to sell in April. 2023 was a challenging year for the EV sector, plagued by waning demand, reduced government incentives and a complicated macro-environment.
NWTN Trading at -39.79% from the 50-Day Moving Average
After a stumble in the market that brought NWTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.70% of loss for the given period.
Volatility was left at 11.67%, however, over the last 30 days, the volatility rate increased by 21.62%, as shares sank -50.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.03% lower at present.
During the last 5 trading sessions, NWTN fell by -42.74%, which changed the moving average for the period of 200-days by -65.26% in comparison to the 20-day moving average, which settled at $6.50. In addition, NWTN Inc saw -54.37% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NWTN
Current profitability levels for the company are sitting at:
- -110.6 for the present operating margin
- 0.11 for the gross margin
The net margin for NWTN Inc stands at -144.82.
When we switch over and look at the enterprise to sales, we see a ratio of 1742.64.
Conclusion
To put it simply, NWTN Inc (NWTN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
