NIO (NIO) Dips 2.8% on Massive Trading Volume

By Harris Dyer • Thursday, July 13 12:28 • Permanent Link

Large-cap Consumer Discretionary company NIO has logged a -2.8% change today on a trading volume of 36,292,823. The average volume for the stock is 55,324,172.

NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. Based in Shanghai, China the company has 26,763 full time employees and a market cap of $18,311,811,072.

The stock's 52 week high is $22.74 per share and its 52 week low is $7.0. Based on NIO's average net margin growth of 32.9% over the last 4 years, its core business remains strong and the stock price may recover in the long term.

Date Reported	Total Revenue ($ k)	Net Profit ($ k)	Net Margins (%)	YoY Growth (%)
2022-12-31	49,268,561	-14,559,445	-29.55	-0.99
2021-12-31	36,136,423	-10,572,309	-29.26	10.22
2020-12-31	16,257,933	-5,299,120	-32.59	77.66
2019-12-31	7,824,904	-11,413,101	-145.86	n/a

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.