|Bid||0.00 x 900|
|Ask||0.00 x 1400|
|Day's range||11.81 - 12.37|
|52-week range||8.38 - 26.41|
|Beta (5Y monthly)||1.85|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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 at $12.07 in the latest trading session, marking a +0.42% move from the prior day.
While 2022 was a year for stock price corrections across the electric vehicle (EV) sector, 2023 looks to be a transition year for the businesses themselves. Europe and China are leading the way, with fully electric vehicles accounting for 11% and 19% of all new vehicles sold, respectively. With stock prices down and sales continuing to pick up, investors should look at investing in a diverse mix of EV makers in 2023.