How Are NIO Shares Moving After Today's News?

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.

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.