NIO Limited Stock Over 4% Down at the Beginning of the Session

Even though NIO Limited has been somewhat immune to the crises, it seems to be correcting from the bullish momentum yesterday. Shares are dropping 4.35% to $44.56 at 10:05 EST on Wednesday. The New York Stock Exchange dropped 0.24% to $13949.1. NIO Limited last close was $45.58, under its 52-week high of $54.2. NIO Limited's sales growth is 149.7% for the current quarter and 98% for the next. The company's growth estimates for the current quarter and the next are 92.9% and 61.5%, respectively. NIO Limited's stock is worthed at $44.56 at 15:05 EST, way under its 52 Week High of $54.2 and way above its 52 Week Low of $1.77. NIO Limited's value is way higher than its 50 day moving average of $29.92. NIO Limited's value is way higher than its 200 day moving average of $15.94.