Quick Update for NIO (NIO) Investors

By Blake Campbell • Monday, November 14 09:54 • Permanent Link

Shares of electric auto manufacturer NIO moved -2.4% today, and are now trading at a price of $11.28. The large-cap stock's daily volume was 17,303,529 compared to its average volume of 54,905,531. The S&P 500 index returned a -0.4% performance.

NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company is based in Shanghai and has 15,204 full time employees. Its market capitalization is $18,842,077,184.

Over the last year, NIO shares have gone down by -71.5%, which represents a difference of -56.8% when compared to the S&P 500. The stock's 52 week high is $43.12 per share and its 52 week low is $8.38. NIO has averaged free cash flows of $-5,568,348,750.0 over the last four years, with a mean growth rate of -82.5%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.