(VIANEWS) – NIO shares crashed on Tuesday after investors scrambled to get out of many Chinese-listed stocks. Investors still reeling from DIDI, which occurred not too long after the IPO of ANT Group, are now in a predicament where too little too late.
NIO was not involved in this incident, as China was primarily targeting the education sector. It is forbidden to allow for-profit tutoring of core subjects.
FXStreet reported that all of this happened because the US and China talked tough during diplomatic meetings this week, with China claiming the relationship is at an impasse. Chinese stock shares fell across the board, and the Invesco Gold Dragon Index dropped another 5% Tuesday. It had fallen 7% on Monday and 8% Friday.
Shares of Nio (NIO) jumped 5.75% to $45.07 at 10:46 EST on Friday, following the last session’s upward trend. NYSE Composite is dropping 0.01% to $16,695.55, after two sequential sessions in a row of gains. This seems, so far, a somewhat bearish trend exchanging session today.
Nio’s last close was $41.84, 37.54% under its 52-week high of $66.99.
Today’s last reported volume for Nio is 28674383 which is 56.57% below its average volume of 66028703.
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 negative 3.32%, a negative 0.88%, 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 3.32% (last week), 2.88% (last month), and 2.88% (last quarter), respectively.
Nio’s Stock Yearly Top and Bottom Value
Nio’s stock is valued at $45.07 at 10:46 EST, way under its 52-week high of $66.99 and way higher than its 52-week low of $11.73.
Nio’s Moving Average
Nio’s value is below its 50-day moving average of $45.80 and under its 200-day moving average of $45.07.
News about Nio (NIO) today
According to today’s article on FXStreet, “On Thursday, Nio added 1.86% to close the day at $42.62, above the key level of $42.00. “, “Shares of AliBaba (NYSE:BABA) gained 0.78%, JD.com (NASDAQ:JD) added 2.35%, and Nio rival XPeng (NYSE:XPEV) climbed 1.82%.”
Previous days news about Nio (NIO)
NIO stock news and forecast: nio extends declines amidst further China selloff. According to FXStreet on Wednesday, 28 July, “It is the perfect storm for Nio that saw shares tumble by 8.83% to close the tumultuous trading session at $39.36. “, “Shares of Nio rivals XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI) both tumbled by 14.85% and 13.94% respectively.”
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