NIO has been somewhat immune to the crisis with its shares jumping 7.52% to $48.45 at 09:05 EST on Friday. The New York Stock Exchange was up by 0.4% to $13863.2, on what seems, up to now, an all-around positive trading session on The New York Stock Exchange.
NIO’s last close was $45.06, under its 52-week high of $54.2.
NIO’s sales growth is 113.1% for the present quarter and 263.3% for the next. The company’s growth estimates for the present quarter and the next are 64.1% and 47.8%, respectively.
NIO’s stock was valued at $48.45 at 09:05 EST, way under its 52-week high of $54.2 and way higher than its 52-week low of $1.82.
NIO’s worth is way above its 50 day moving average of $31.37 and way higher than its 200 day moving average of $16.46.
According to Bloomberg Quint on Tue Nov 17, “Nio Loss Narrows After Electric-Car Demand in China Picks Up.”
According to Bloomberg Quint on Wed Nov 18, “Electric-SUV Maker Nio to Add Sedans as Tesla Rivalry Heats Up.”
Chinese EV maker NIO is accelerating too fast. According to The Wall Street Journal on Wed Nov 18, “Just a year ago, Nio was struggling for survival.”