|Bid||34.00 x 900|
|Ask||34.01 x 800|
|Day's range||31.91 - 39.87|
|52-week range||2.11 - 66.99|
|Beta (5Y monthly)||2.73|
|PE ratio (TTM)||N/A|
|Earnings date||28 May 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||55.76|
A wave of electric vehicle related companies are flooding the public markets this year. This follows a slew of companies which went public last year.
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading lower on Thursday amid a broad market sell-off driven by growing concerns about the potential effects of rising interest rates in the United States. As of 2:00 p.m. EST, NIO's American depositary receipts were down by about 8.5% from Wednesday's closing price, while the S&P 500 index was trading about 2.5% lower. The company's fourth-quarter loss of $0.16 per share, reported on Monday afternoon, was worse than Wall Street had expected given NIO's strong sales numbers.
Shares of NIO (NYSE: NIO) slumped 19.7% in February, according to data from S&P Global Market Intelligence. The Chinese electric vehicle (EV) company got caught up in a broader sell-off of growth-dependent technology stocks, and more near-term volatility could be in the cards. NIO has been on a huge winning streak, and its stock trades up more than 1,020% across the last 12 months even after the recent pullback.