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Nio’s price analysis should worry investors

Nio (NIO) currently trades at $3.02 and has grown by 1.68% today. NIO went up $0.05 from the previous closing price of $2.97. The high forecast for Nio is $89.34 and the low is $7.03. The company’s market cap is $3.18 billion with a 52 week high of $5.65 and a 52 week low of $1.19. NIO has changed in price by -1.72 per share in the last 12 months. NIO stock has fallen 34% year-to-date. Tesla (TSLA) has outperformed the markets this year. The stock has risen by 37% in 2020. Tesla’s China Gigafactory is ramping up production fast.

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Nio has a weak EPS of -44.1. This means the company lost $-44.1 per share after paying dividends, this can indicate that the stock is a risky investment. EPS is calculated as a company’s profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company’s profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution. Based on this information, investorsQ rates this stock 3 out of 10. We give it this rating based on current information written in this article.

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About Nio:
Nio is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric autonomous vehicles. The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series.

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