In the past week, NWTN stock has gone up by 39.32%, with a monthly gain of 136.23% and a quarterly surge of 49.54%. The volatility ratio for the week is 22.11%, and the volatility levels for the last 30 days are 25.85% for NWTN Inc The simple moving average for the past 20 days is 82.14% for NWTN’s stock, with a -46.20% simple moving average for the past 200 days.
Is It Worth Investing in NWTN Inc (NASDAQ: NWTN) Right Now?
The stock has a 36-month beta value of -0.19.
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The public float for NWTN is 246.44M, and at present, short sellers hold a 0.22% of that float. On November 13, 2024, the average trading volume of NWTN was 388.66K shares.
NWTN) stock’s latest price update
The stock price of NWTN Inc (NASDAQ: NWTN) has jumped by 38.14 compared to previous close of 1.18. Despite this, the company has seen a gain of 39.32% in its stock price over the last five trading days. globenewswire.com reported 2024-08-06 that DUBAI, United Arab Emirates, Aug. 06, 2024 (GLOBE NEWSWIRE) — NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN”), today announced that the Nasdaq Stock Market LLC (“Nasdaq”) has determined to grant NWTN an exception to Listing Rule 5250(c)(1) (the “Rule”), giving NWTN an extension of the deadline to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the “2023 20-F”).
NWTN Trading at 99.13% 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 -81.35% of loss for the given period.
Volatility was left at 25.85%, however, over the last 30 days, the volatility rate increased by 22.11%, as shares surge +129.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +55.24% upper at present.
During the last 5 trading sessions, NWTN rose by +39.32%, which changed the moving average for the period of 200-days by -76.78% in comparison to the 20-day moving average, which settled at $0.8949. In addition, NWTN Inc saw -79.05% 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:
- -82.85 for the present operating margin
- 0.11 for the gross margin
The net margin for NWTN Inc stands at -117.59.
When we switch over and look at the enterprise to sales, we see a ratio of 1600.28.
Conclusion
To sum up, NWTN Inc (NWTN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
