(VIANEWS) – NIO shares fell again Monday morning due to the sad news about a driver fatality. The Securities Times in China reports that Lin Wenqin (a Chinese entrepreneur) died while driving an NIO vehicle. Benzinga also reported on the story and stated that the news has prompted more people to call for safety regulations regarding self-driving vehicles.
FXStreet reports that NIO stock was hit hard due to investors’ concerns over the new technology. NIO isn’t the only one with concerns about autopilot, other manufacturers have also had issues with this technology. Autopilot is not yet fully automated.
Shares of Nio (NIO) dropped 7.14% to $38.10 at 18:02 EST on Tuesday, after four sequential sessions in a row of losses. NYSE Composite is sliding 0.03% to $16,871.12, after three sequential sessions in a row of losses. This seems, up until now, a somewhat down trend exchanging session today.
Nio’s last close was $41.03, 38.75% below its 52-week high of $66.99.
Today’s last reported volume for Nio is 60734199 which is 4.03% above its average volume of 58379125.
Nio’s sales growth is 133.8% for the ongoing quarter and 99.1% for the next. The company’s growth estimates for the ongoing 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 overbought (>=80).
Nio’s Stock Yearly Top and Bottom Value
Nio’s stock is valued at $38.10 at 18:02 EST, way below its 52-week high of $66.99 and way higher than its 52-week low of $13.06.
Nio’s Moving Average
Nio’s worth is way below its 50-day moving average of $45.31 and way below its 200-day moving average of $43.71.
Previous days news about Nio (NIO)
Big canadian pension fund hikes its position in nio by 40%: what you need to know. According to Benzinga on Saturday, 14 August, “What Happened: Canada’s Public Sector Pension Investment Board has hiked its Nio holdings from 192,337 shares at the end of the March quarter to 270,274 shares at the end of the June quarter, the filing revealed.”, “Why It’s Important: China-based Nio is a maker of premium EVs and has carved a niche for itself. ”
According to FXStreet on Sunday, 15 August, “US Stocks Analysis: AeroVironment Inc (AVAV), CareDx Inc (CDNA), Elbit Systems Inc (ESLT), Hubspot Inc (HUBS), Nio Inc (NIO) and Teladoc Health Inc (TDOC) Technical Analysis Elliott Wave. ”
Nio es8 accident rekindles concerns over safety with smart EVs in China. According to Benzinga on Monday, 16 August, “The death of a Chinese entrepreneur in a traffic accident while driving a Nio Inc. (NYSE: NIO) ES8 sports utility vehicle has raised concerns about the safety of smart electric vehicles in China.”, “Seen as a Tesla Inc. (NASDAQ: TSLA) rival, Nio has positioned itself as a premium electric vehicle maker since being founded in 2014.”
More news about Nio (NIO).