The rise and fall—and rise again—of chinese EV startup NIO. According to today’s article on The Wall Street Journal, “A year ago, Chinese electric-vehicle startup NIO was near ruin.”
How NIO, a chinese EV startup, rose, fell and rose again. According to today’s article on The Wall Street Journal, “A year ago, Chinese electric-vehicle startup NIO was near ruin.”
Even though NIO has been somewhat immune to the crisis, shares falling 6.28% to $50.61 at 11:11 EST on Monday, after two successive sessions in a row of gains. The New York Stock Exchange is falling 0.8% to $14,085.40, following yesterday’s upward trend, on what so far seems, a somewhat negative trend trading session today.
NIO’s last close was $54.00, 13.02% under its 52-week high of $57.20.
NIO’s sales growth is 136.8% for the present quarter and 262.3% for the next. The company’s growth estimates for the ongoing quarter and the next is 74.4% and 47.8%, respectively.
NIO’s stock is valued at $50.61 at 11:11 EST, way below its 52-week high of $57.20 and way above its 52-week low of $2.11.
NIO’s worth is way above its 50-day moving average of $37.43 and way higher than its 200-day moving average of $18.77.
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