Even though NIO has been somewhat immune to the crisis, shares dropping by a staggering 11.24% to $40.26 at 09:44 EST on Wednesday, following yesterday’s downward trend. The New York Stock Exchange is rising 1% to $14,146.60, following yesterday’s upward trend, on what up to now seems, a somewhat positive trend trading session today.
NIO’s last close was $50.53, 42.08% below its 52-week high of $57.20.
News about NIO today
According to today’s article on Bloomberg Quint, “Salesforce’s Benioff Escalates Microsoft Rivalry With Slack Deal.”
NIO’s sales growth is 137% for the ongoing quarter and 262.7% for the next. The company’s growth estimates for the present 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 $40.26 at 09:44 EST, 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 value is above its 50-day moving average of $37.80 and way above its 200-day moving average of $19.11.
Previous days news about NIO
NIO says deliveries more than doubled in November. According to yesterday’s article on MarketWatch, “NIO , the Chinese electric car maker, said it delivered 5,291 vehicles in November, for 109% year-over-year growth.”