According to Bloomberg Quint on Tue Nov 17, “Nio Loss Narrows After Electric-Car Demand in China Picks Up.”

NIO has been somewhat immune to the crisis with the shares jumping 5.79% to $47.67 at 13:05 EST on Thursday. The New York Stock Exchange is dropping 0.19% to $13782.5, on what seems, up until now, an all-around negative trading session on The New York Stock Exchange.

According to yesterday’s article on Bloomberg Quint, “Electric-SUV Maker Nio to Add Sedans as Tesla Rivalry Heats Up.”

Chinese EV maker NIO is accelerating too fast. According to yesterday’s article on The Wall Street Journal, “Just a year ago, Nio was struggling for survival.”

NIO’s last close was $45.06, under its 52-week high of $54.2.

NIO’s sales growth is 113.1% for the ongoing quarter and 263.3% for the next. The company’s growth estimates for the ongoing quarter and the next are 64.1% and 47.8%, respectively.

NIO’s stock is valued at $47.67 at 13:05 EST, way under its 52-week high of $54.2 and way above its 52-week low of $1.82.

NIO’s worth is way above its 50 day moving average of $31.37 and way above its 200 day moving average of $16.46.

LEAVE A REPLY

Please enter your comment!
Please enter your name here