Why Nio Inc - ADR’s (NIO) Stock Is Down 6.83% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nio Inc - ADR before investing.

In this article, we go over a few key elements for understanding Nio Inc - ADR’s stock price such as:

Before we jump into Nio Inc - ADR’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The Company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles. The Company's products mainly include ES8, ES6, EC6 and ET7. The Company develops battery swapping technologies and autonomous driving technologies. Its electric vehicles apply NAD (NIO Autonomous Driving) technology, including super computing platform NIO Adam and super sensing system NIO Aquila. The Company is also engaged in the provision of charging piles, vehicle internet connection services and extended lifetime warranties. The Company mainly conducts its businesses in the domestic market.

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As of June 06, 2024, 4:01 PM, CST, Nio Inc - ADR’s stock price was $4.91.

Nio Inc - ADR is down 6.83% from its previous closing price of $5.27.

During the last market session, Nio Inc - ADR’s stock traded between $5.15 and $5.35. Currently, there are 1,720.65 million shares of Nio Inc - ADR stock available for purchase.

Unfortunately, Nio Inc - ADR’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Nio Inc - ADR’s (NIO) price is currently down 8.91% so far this month.

During the month of June, Nio Inc - ADR’s stock price has reached a high of $5.63 and a low of $4.74.

Over the last year, Nio Inc - ADR has hit prices as high as $16.18 and as low as $3.61. Year to date, Nio Inc - ADR’s stock is down 49.64%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 05, 2024, there was 1 analyst who downgraded Nio Inc - ADR’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Nio Inc - ADR’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nio Inc - ADR’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nio Inc - ADR’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nio Inc - ADR (NIO) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 05, 2024, Nio Inc - ADR has a weighted four-quarter relative price strength of -11.58%, which translates to a Momentum Score of 29 and is considered to be Weak.

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As of June 6, 2024, Nio Inc - ADR’s stock price is $4.91, which is down 6.83% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nio Inc - ADR stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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