NIO Limited designs, manufactures, and sells electric vehicles in the People’s Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. NIO Limited has a strategic collaboration with Mobileye N.V. For the development of automated and autonomous vehicles; and collaboration agreements Nio Incorporated stock with various manufacturers for the manufacture of ES8, a six or seven-seater high-performance electric SUV. The company was formerly known as NextEV Inc. and changed its name to NIO Limited in July 2017. NIO Limited was founded in 2014 and is headquartered in Shanghai, China. NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China.
Shards of glass encircled the vehicle, as did a crowd of stunned onlookers that had just witnessed the Nio car plunge three stories from the parking structure above to the pavement below. The crash killed one passenger and a driver, and so far NIO stock little is known about how and why the car punched through the third-floor wall to its deadly descent. NIO 2019 shares outstanding were 1.03B, a 210.08% increase from 2018. NIO 2020 shares outstanding were 1.183B, a 14.83% increase from 2019.
This is based on 12 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The combined effect of widening losses and a disappointing outlook are a perfect recipe to send shares Forex down. However, while that was the initial reaction, the stock recovered the losses later on and Morgan Stanleys Tim Hsiao explains that this is down to the upbeat tone on the Q4 sales outlook.
Earlier this month, Vijay Rakesh, an analyst for Japanese bank Mizuho, projected Nio’s stock price to nearly triple this year to $55 per share in New York. You should also analyse the health of the economy and its sectors, review news reports, study the competition, and gather all other relevant information before making a trading decision. Provide specific products and services to you, such as portfolio management or data dotbig aggregation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Yet another way that Nio sets itself apart from the average EV manufacturer is that it is focused on high-performance and smart vehicles.
These once high-flying electric vehicle stocks corrected dramatically in 2022. Shares of Tesla Inc. dropped 3.8% in afternoon trading, adding to the 3.6% drop in the previous session, and to put them in danger of the https://dotbig.com/markets/stocks/NIO/ first sub-$200 close in 17 months. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
- It provides users with home charging, power express valet services, and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping.
- Also for Q4, Nio anticipates YOY revenue improvement of roughly 75.4% to 94.2%, to a dollar-translated range of between $2.442 billion and $2.703 billion.
- The company claimed that the accident was “not caused by an issue with the vehicle.” Social media users called the response callous and defensive, but investors seemed convinced.
- Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
- This is referencing a brighter tomorrow brought about by revolutionary technology in EV and battery technology.
The company announced the opening of its 1,000th swapping station in China in the summer of 2022 and was on track at the time to begin expanding outside of China. This score is calculated as an average of sentiment of articles about the company over the last seven https://dotbig.com/markets/stocks/NIO/ days and ranges from 2 to -2 . This is a lower news sentiment than the 0.59 average news sentiment score of Auto/Tires/Trucks companies. NIO has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
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But Nio received a lifeline from the municipal government of Hefei in China’s central Anhui Province, where the company is headquartered. The automaker got a $787 million bailout in exchange for ceding Heifei’s government a 17% stake. IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives dotbig services from other members of the IG Group including IG Markets Limited. The information in this site does not contain investment advice or an investment recommendation, or an offer of or solicitation for transaction in any financial instrument. In the last month, NIO has been trading in the $9.03 – $12.38 range, which is currently trading near the lows of this range.
During the third quarter of 2022, Nio’s vehicle sales jumped 38.2% YOY to the equivalent of around $1.678 billion. Moreover, the company delivered 10,059 vehicles in October 2022, indicating a jaw-dropping 174.3% YOY increase. See how to make money instead of spending it on Black Friday with this offerPh.D. Economist and Investor Nomi Prins is releasing details on her next stunning prediction… It involves “liquid energy” that is https://www.dukascopy.com/swiss/english/forex/trading/ promising to trigger an energy revolution 117x bigger than all of the hottest tech trends combined. Even the world’s richest billionaires are investing in the tiny company behind it. And today, you can get in on this cutting-edge financial research at an incredible price tailor-made for Black Friday. According to analysts’ consensus price target of $24.39, NIO has a forecasted upside of 139.8% from its current price of $10.17.
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Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Realtime quote and/or trades are not sourced from all markets. Sign up for a Robinhood brokerage account to buy or sell and options commission-free. Robinhood gives you the tools you need to put your money in motion. You can buy or sell NIO and other ETFs, options, and stocks. Earnings per share is the portion of a company’s profit allocated to each outstanding share of common stock, serving as a profitability indicator.