NIO Stock Over 5% Down On Friday, Will It Recover Next Week?

Shares of NIO dropped 5.09% to $43.04 on Friday, following Thursday's downward trend. Tech stocks seem to be going through a bearish momentum at the moment. NIO's current negative momentum seem to reinforce that idea. The question remains if this is a great buying opportunity or us there a deeper bottom to NIO's current downturn. NIO's last close was $45.35, 32.90% below its 52-week high of $57.20.

NIO's Sales

NIO's sales growth is 137.4% for the ongoing quarter and 263.5% 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 Top and Bottom Yearly Value

NIO's stock is valued at $43.04 on Friday, way under its 52-week high of $57.20 and way higher than its 52-week low of $2.11.

NIO's Moving Average

NIO's worth is above its 50-day moving average of $39.77 and way above its 200-day moving average of $19.81.