| Previous Close | 11.81 |
| Open | 11.44 |
| Bid | 11.73 x 3100 |
| Ask | 11.75 x 4000 |
| Day's Range | 11.23 - 11.81 |
| 52 Week Range | 8.38 - 30.91 |
| Volume | |
| Avg. Volume | 60,672,751 |
| Market Cap | 19.712B |
| Beta (5Y Monthly) | 1.85 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.70 |
| Earnings Date | Mar 22, 2023 - Mar 27, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
The Chinese electric vehicle maker Nio (NYSE: NIO) was a favorite among investors at the height of the pandemic. This huge drop has caused many investors to ask whether or not Nio is a good stock to buy right now. To answer that question, let's take a closer look at what is going right for Nio right now, and what hurdles the company is facing.
The global electric vehicle (EV) industry can generate $1.1 trillion in sales by 2030, but not every EV stock will end up a winner.
Nio stock has solid chances of a recovery in 2023 thanks to new launches and a focus on market share.