One of the losers of today's trading session was NIO. Shares of the Auto manufacturers company plunged -6.0%, and some investors may be wondering if its price of $8.2 would make a good entry point. Here's what you should know if you are considering this investment:
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NIO has moved -38.0% over the last year, and the S&P 500 logged a change of 20.0%
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Its trailing earnings per share (EPS) is $-1.78
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NIO has a trailing 12 month Price to Earnings (P/E) ratio of -4.6 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $-0.72 and its forward P/E ratio is -11.4
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The company has a Price to Book (P/B) ratio of 0.95 in contrast to the S&P 500's average ratio of 2.95
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NIO is part of the Consumer Discretionary sector, which has an average P/E ratio of 22.33 and an average P/B of 3.12
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The company has a free cash flow of $-11968748544, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service. In addition, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance; courtesy vehicle services; roadside assistance; data packages; and auto financing and financial leasing services. Further, the company involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. Additionally, it offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.