Thunder Power (NASDAQ:AIEV) Shares Up 58.1% – Time to Buy?

Shares of Thunder Power Holdings, Inc. (NASDAQ:AIEVGet Free Report) rose 58.1% during mid-day trading on Wednesday . The company traded as high as $0.37 and last traded at $0.2610. Approximately 315,252 shares were traded during trading, an increase of 273% from the average daily volume of 84,567 shares. The stock had previously closed at $0.1651.

Thunder Power Price Performance

The company has a market capitalization of $13.24 million, a price-to-earnings ratio of -5.22 and a beta of 0.55. The firm has a 50-day moving average price of $0.16 and a two-hundred day moving average price of $0.14.

Thunder Power Company Profile

(Get Free Report)

Thunder Power New Energy Vehicle Development Co, Ltd. is a developer and manufacturer of premium electric vehicles, focused on integrating advanced design, engineering and sustainable energy technologies. Established in 2011 and headquartered in Taipei with regional offices in Hong Kong, the company aims to deliver zero-emission mobility solutions that compete in the global luxury EV segment.

The company’s research and development operations span multiple locations, including a design and prototyping studio in Turin, Italy, where exterior and interior concepts are crafted in collaboration with international engineering partners.

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