Previous close | 4.4100 |
Open | 4.3600 |
Bid | 4.4100 x N/A |
Ask | 4.4300 x N/A |
Day's range | 4.3300 - 4.4300 |
52-week range | 3.7300 - 15.7800 |
Volume | |
Avg. volume | 133,007 |
Market cap | 8.996B |
Beta (5Y monthly) | 1.86 |
PE ratio (TTM) | N/A |
EPS (TTM) | -1.6700 |
Earnings date | 27 Aug 2024 - 02 Sept 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
NIO Inc. (NIO) closed at $4.27 in the latest trading session, marking a -0.7% move from the prior day.
China is expanding its stimulus program by approximately 300 billion yuan ($41.5 billion) to subsidize purchases of passenger vehicles and consumer electronics, aiming to boost stagnant retail spending. The update boosted Chinese electric vehicle stocks, including NIO Inc. (NYSE:NIO), XPeng Inc. (NYSE:XPEV), and Li Auto Inc. (NASDAQ:LI). The National Development and Reform Commission and the Ministry of Finance made a joint announcement on Thursday. The funding will come from the 1 trillion yuan
As NIO stock hovers around 72% below its 52-week high, the question is should investors consider this a buying opportunity?