Nio (NIO -10.12%) stock has surged over 75% this year as of Oct. 6, recently topping $7 per share for the first time in nearly 12 months. While that's a far cry from its all-time high of $66.99 in January 2021, it's a clear sign that investors are starting to take notice of the company's recent turnaround.
Nio Inc (NYSE: NIO) has lost more than 10% this month as investors continue to take profit after an explosive rally in the EV stock that pushed its price from a low of about $3.0 to a high of $9. In September, the electric vehicle firm reported a 9.0% year-on-year increase in revenue to $2.
NIO has rebounded sharply, with Q3 deliveries hitting all-time highs and growth accelerating to 40.8% YoY, signaling renewed adoption momentum. Q2 financials were mixed, but NIO narrowed losses and improved gross margin, with efficiency gains offsetting slower revenue growth and a large revenue miss. Q3 revenue guidance is robust, and consensus estimates suggest NIO could approach breakeven by ...
After driving more than 30% higher in August, Chinese electric vehicle (EV) maker Nio (NIO -2.47%) continued powering higher last month. Investors found good news bookmarking September, with the company reporting strong quarterly earnings early in the month, through the end of the month, when Nio posted encouraging September sales.
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