(VIANEWS) – Although NIO was able to recover some losses and climb back, the Chinese maker of electric vehicles still lost over 12% in July. The stock has climbed above its 50-day moving mean, which indicates that it is in an uptrend. Despite this, there are still high chances that the situation will not be resolved soon, due to increasing geopolitical tensions with China and the U.S.
FXStreet confirmed Friday’s announcement by the SEC that they will crack down on Chinese ADRs trading on U.S. market. This agency has imposed tighter disclosure requirements. It will undoubtedly be supported by greater in-depth auditing procedures. This is the latest development in the continuing back-and forth between these superpowers. This recent crackdown on Chinese tech companies trading on U.S. exchanges sparked a huge sell-off, wiping out billions of dollars in market capitalization.
Shares of Nio (NIO) rose by a staggering 16.49% in 7 days from $39.36 to $45.85 at 17:45 EST on Monday, after three consecutive sessions in a row of gains. NYSE Composite is falling 0.16% to $16,576.21, following the last session’s downward trend.
Nio’s last close was $44.68, 33.3% below its 52-week high of $66.99.
Today’s last reported volume for Nio is 68116899 which is 4.92% above its average volume of 64923093.
Nio’s sales growth is 133.8% for the present quarter and 99.1% for the next. The company’s growth estimates for the present 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.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Nio’s stock is considered to be oversold (<=20).
Nio’s Stock Yearly Top and Bottom Value
Nio’s stock is valued at $45.85 at 17:45 EST, way below its 52-week high of $66.99 and way above its 52-week low of $12.46.
Nio’s Moving Average
Nio’s worth is higher than its 50-day moving average of $45.77 and higher than its 200-day moving average of $44.80.
News about Nio (NIO) today
NIO stock news and forecast: shares of nio rise as SEC imposes stricter audits for Chinese stocks. According to today’s article on FXStreet, “After Tesla’s record-setting quarter the pressure will be on Nio and the other Chinese EV makers, particularly as their stocks are mired in fragility following the ongoing tensions. “, “In the midst of the busiest weeks of second quarter earnings calls, Nio has also announced it will hold its call on August 11th. ”
Previous days news about Nio (NIO)
According to FXStreet on Friday, 30 July, “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%.”
According to Pulse2 on Friday, 30 July, “The stock price of Nio Inc (NYSE: NIO) increased by 4.83%, going from a previous close of $42.62 to $44.68. ”
Can nio and Xpeng emulate domestic peer Li Auto’s record July performance?. According to Benzinga on Sunday, 1 August, “With Nio poised to begin deliveries of its imported ES8 model in Norway in September, things look bright for the EV maker for the remainder of the year, provided the chip crunch does not have a detrimental impact.”, “Li Auto’s numbers for July should augur well for Nio and XPeng, especially amid fears that the negative impact of semiconductor shortage may have seeped into the third quarter.”
More news about Nio (NIO).