|Bid||56.73 x 1300|
|Ask||56.96 x 1000|
|Day's Range||50.48 - 55.70|
|52 Week Range||1.96 - 55.70|
|Beta (5Y Monthly)||2.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.80|
The Auto industry plays a critical role in some of the world's largest economies, including China, which has been the world's largest auto manufacturer since 2009. More recently, many countries including China have been moving to...
As of 10:30 a.m. EST, NIO's American depositary shares were up about 4.2% from Friday's closing price. Its loss of $0.14 per share was narrower than Wall Street's consensus estimate, as the company's gross margin expanded to 12.9% thanks to positive trends on both its costs and the pricing of its vehicles. Citi's Jeff Chung said he thinks NIO could deliver 100,000 vehicles next year.
It's been an amazing year for electric-vehicle (EV) stocks, as investors have bid shares of a number of companies higher on expectations that the automotive industry is going electric. Tesla has led the charge higher, up nearly 500% for the year, but investors today have a large and growing number of stocks to choose from when it comes to EVs. As the headline suggests, these stocks are not by any means guaranteed winners.