|Bid||7.53 x N/A|
|Ask||7.54 x N/A|
|Day's range||7.50 - 7.73|
|52-week range||7.42 - 25.35|
|Beta (5Y monthly)||1.91|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Investors loved the prospects for Chinese electric-vehicle (EV) maker Nio (NYSE: NIO) two years ago when they drove its market cap to nearly $100 billion. With the company's stock price at its lowest level in three years, many investors wanting exposure to the EV sector may be wondering if Nio is a stock to buy now.
NIO Inc. (NIO) closed at $7.53 in the latest trading session, marking a +1.62% move from the prior day.
Yahoo Finance markets contributor Remy Blaire examines the performance of EV stocks, including XPeng, Tesla, Nio, and Li Auto.
The stock market headed lower on Wednesday, as investors lost patience with Congress and the White House in their thus-far failed negotiations about the debt ceiling. Stock market benchmarks were down as much as 1% in early-afternoon trading. Declines were almost as large for Nio (NYSE: NIO), while outside of China, Tesla (NASDAQ: TSLA) suffered a less significant percentage drop in its stock price.
Chinese pure-play electric vehicle maker XPeng reported a steep drop in sales in the first quarter, likely due to increased competition in the tight Chinese EV market and an uneven recovery in the China following its lifting of COVID-19 protocols.
Nio (NYSE: NIO) held a launch event today for the latest SUV addition to its EV lineup, but that wasn't what pushed the stock down by as much as 12% in early trading. As of 11:07 a.m. ET, Nio's American depositary shares were still lower by 11%. Nio reported April 2023 deliveries of just 6,658 units.
In the latest trading session, NIO Inc. (NIO) closed at $8.75, marking a -0.46% move from the previous day.
Nio (NYSE: NIO) shares shot higher by as much as 10% Monday morning, and it has to do with the highly competitive Chinese electric vehicle (EV) market. As of 11:35 a.m. ET, Nio stock had pared some of that gain but was still trading up by 7.7%. The move comes from what should be considered welcome news for Nio and other relatively small Chinese EV makers.
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: a Stellantis stalemate; Musk signals openness to advertising; NIO goes nuclear; a new EV tax in Texas.
Based on the average brokerage recommendation (ABR), NIO Inc. (NIO) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
NIO Inc. (NIO) closed the most recent trading day at $7.91, moving -0.5% from the previous trading session.
The electric vehicle (EV) stock trended even lower in the following days to hit a 52-week low on May 2, but it appears to have bottomed already, as investors now find it attractively priced. Nio delivered a record number of EVs in December, but hasn't been able to sustain its momentum so far this year. In early April, Nio said its deliveries in the first quarter rose about 21% year over year.
In the latest trading session, NIO Inc. (NIO) closed at $8.15, marking a +1.12% move from the previous day.
The prospect of finding a stock that can compound severalfold over time is one of the most alluring aspects of investing in the stock market. Investing in hidden gems requires a great deal of patience and risk tolerance. For those bold enough to venture into the unknown, LanzaTech Global (NASDAQ: LNZA), Nio (NYSE: NIO), and Joby Aviation (NYSE: JOBY) are three stocks that could have massive upside potential in addition to a great deal of risk.
NIO Inc. (NIO) closed at $7.87 in the latest trading session, marking a -1.25% move from the prior day.
Nio (NYSE: NIO) is one of China's fastest-growing electric vehicle makers. Between 2018 and 2022, its annual deliveries surged from 11,348 to 122,486 vehicles, representing a jaw-dropping compound annual growth rate (CAGR) of 81%.
According to the average brokerage recommendation (ABR), one should invest in NIO Inc. (NIO). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
NIO Inc. (NIO) closed the most recent trading day at $8.33, moving +0.6% from the previous trading session.
Tesla (TSLA) stock took a nosedive after the electric vehicle giant posted a first quarter revenue and profit miss, and gross margins that dipped below 20% to 19.3%, as the cost of recent price cuts hit profitability. The company's thinning margins has prompted some of Wall Street to go bearish on the stock, with a number of analysts slashing their price targets. Craig Irwin, ROTH Capital Partners Senior Research Analyst, says Tesla is "egregiously overvalued," but the miss was "not unexpected." Tesla's stock has risen over 160% year-to-date. "Wall Street got a little too bullish," says Irwin. "It's a growth stock, they know they have to keep that growth rate up." CEO Elon Musk stressed that the company will put sales growth ahead of profit in its road ahead, but despite this, Irwin says things will only get worse for the company. Irwin remains optimistic on the auto sector as a whole, saying he's "quite bearish for the equity, but I think the sector is going to do very well for the long run." Craig Irwin spoke with Yahoo Finance's Brad Smith and Julie Hyman. Watch the entire interview here. Key Video Moments 00:00:20: Wall Street "too bullish" 00:00:45: Things will get worse 00:00:58: "Egregious" valuation
There's lots to watch, from how the margins have been pinched by price cuts to whether Elon Musk will even be on the call.
With various automakers like F, XPEV, NIO, BYDDY and others joining the Tesla-fueled EV price war in China, it's the potential EV buyers who are making the most out of the cut-throat competition.
Even if a recession materializes later this year, these innovative growth stocks should continue to thrive.
Tesla has been cutting vehicle prices in China and elsewhere, so cost-saving opportunities are critical for competitors.
Chinese electric vehicle stocks rose on Monday as XPeng (XPEV) announced a new production process that will lower costs.
Just when it looked like Nio (NYSE: NIO) shares were on an upswing from multiyear lows, the stock of the Chinese electric-vehicle (EV) manufacturer took another plunge this week. Nio's American depositary shares sank by 14.3% in the shortened trading week, according to data provided by S&P Global Market Intelligence. Nio faced some of its own headwinds, though, which helps explain its outsize move lower.