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NIO Limited Stock Impressive Slide on Friday, Underperforms Market

Via News Editorial Team

November 13, 2020

NIO Limited Stock Impressive Slide on Friday, Underperforms Market

Shares of NIO Limited just slid 6.31% to $45.25 at 17:04 UTC on Friday,
on what augurs to be an all-around positive exchanging session for the stock exchange securities market.

The New York Stock Exchange raised 0.15 % to $13218.7. This was the stock's 2 successive sessions of gains.
NIO Limited closed at $48.3, above its 52-week high of $43.3.

NIO Limited's sales growth is 149.7% for the ongoing quarter and 98% for the next. The company's growth estimates for the ongoing quarter and the next are 92.9% and 61.5%, respectively.

As stated by NIO Limited's income statement, the quarterly revenue (YoY) is 146.5%.

NIO Limited's stock is worthed at $45.25, way above its 52 week low of $1.66.

NIO Limited's worth is way above its 50 day moving average of $25.6.

NIO Limited's worth is way above its 200 day moving average of $14.