(VIANEWS) – NIO Inc (NYSE : NIO), a Chinese electric car maker, had its shares close at $45.97 Thursday morning, then plummeted to $42.80 the next day. The stock price of the firm has dropped 19.5 percent in the last 30 days, indicating that the downward trend is continuing.
This week, the Chinese government’s investment in local ride-hailing business DiDi Global was the primary cause of the stock market collapse. DiDi Global, which was recently listed on the NYSE, was subjected to a cybersecurity audit by the Chinese government.
The Chinese government was also starting a broader campaign to investigate a wide range of firms trading on the US market. This is in response to concerns that audits might jeopardize customer information.
Shares of Nio (NIO) rose 6.34% to $46.97 at 11:50 EST on Wednesday, after two successive sessions in a row of gains. NYSE Composite (NIO) is jumping 0.86% to $16,462.20, following the last session’s upward trend. This seems, up to now, a somewhat bullish trend trading session today.
Nio’s last close was $44.17, 34.06% under its 52-week high of $66.99.
Today’s last reported volume for Nio is 33101775 which is 51.4% below its average volume of 68111438.
Nio’s sales growth is 133.8% for the present quarter and 99.1% for the next. The company’s growth estimates for the current quarter and the next is 38.9% and 33.3%, respectively.
Year-on-year quarterly revenue growth grew by 481.8%, now sitting on 22.87B for the twelve trailing months.
Nio’s last week, last month’s, and last quarter’s current volatility was a positive 0.23%, a negative 0.38%, and a positive 2.88%, respectively.
Nio’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.60% (last week), 2.99% (last month), and 2.88% (last quarter), respectively.
Nio’s Stock Yearly Top and Bottom Value
Nio’s stock is valued at $46.97 at 11:50 EST, way under its 52-week high of $66.99 and way higher than its 52-week low of $10.91.
Nio’s Moving Average
Nio’s value is higher than its 50-day moving average of $45.50 and higher than its 200-day moving average of $45.47.
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