NIO rose 1.7% during the afternoon session to $10.35 per share. As reported by Barrons: "Chinese Stocks Like Alibaba Aren't Reacting Much to the Covid Unrest. Not Yet. ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, NIO has a trailing 12 month P/E ratio of -14.7 and a P/B ratio of 0.6.
NIO has moved -74.9% over the last year compared to -13.5% for the S&P 500 -- a difference of -61.3%. NIO has a 52 week high of $41.42 and a 52 week low of $8.38.