Thunder Power (NASDAQ:AIEV) Stock Price Up 69.2% – Here’s What Happened

Thunder Power Holdings, Inc. (NASDAQ:AIEVGet Free Report) shot up 69.2% during mid-day trading on Monday . The stock traded as high as $0.25 and last traded at $0.22. Approximately 73,850 shares traded hands during trading, an increase of 495% from the average session volume of 12,408 shares. The stock had previously closed at $0.13.

Thunder Power Price Performance

The stock’s 50-day moving average is $0.16 and its 200 day moving average is $0.17. The stock has a market cap of $11.16 million, a price-to-earnings ratio of -4.40 and a beta of 0.55.

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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