The trading price of NWTN Inc (NASDAQ:NWTN) closed higher on Tuesday, May 27, and closing at $2.14, 26.63% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.05 and a 52-week low of $0.30. Over the past month, the stock has gained 507.95% in value.
NWTN Inc, whose market valuation is $625.31 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest NWTN has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that NWTN’s price is currently 89.81% off the SMA20 and 211.64% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.87, and weekly volatility stands at 20.51%. When measured over the past 30 days, the indicator reaches 21.15%. NWTN Inc (NASDAQ:NWTN)’s beta value is currently sitting at 1.04, while the Average True Range indicator is currently displaying 0.38.
To see how NWTN Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NWTN stock’s performance was 26.63% in the latest trading, and -46.77% in the past year.
An evaluation of the daily trading volume of NWTN Inc (NASDAQ:NWTN) indicates that the 3-month average is 1.48 million.
Currently, records show that 252.92 million of the company’s shares remain outstanding. The insiders hold 14.87% of outstanding shares, whereas institutions hold 0.16%. However, since the stock’s price has seen 204.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
