"They are now up 70.9% year to date, despite a 22.7% rally in the past week after the company raised more than $1 billion in funds and on anticipation for the official launch of its new ES8 SUV. Nio also reported a solid increase in deliveries in the first and second quarters, following the launch of its new mass-market brands Onvo and Firefly."
"From a stock performance standpoint, Nio has been a tale of two stories. When shares debuted on the New York Stock Exchange on Sept. 12, 2018, at $9.90, they struggled to build momentum. Not until the summer of 2020 did the stock begin to surge, gaining over 810% from June 26, 2020, to Feb. 9, 2021, when the stock hit its all-time high of $62.84. Shares have fallen considerably since then, but the long-term outlook remains stron"
Tariff-driven market volatility pushed Nio shares to a multiyear low of $3.02 in April, followed by a rebound. Shares are up 70.9% year to date and rose 22.7% in the past week after the company raised more than $1 billion and ahead of the ES8 SUV launch. Deliveries increased in the first and second quarters after launching mass-market brands Onvo and Firefly. The stock is 48.1% higher than six months ago and 37.7% above a year ago, near a 52-week high. Half of 26 analysts recommend Buy, with a mean price target of $6.36. High-performance +600-mile models and battery-swap technology support domestic leadership and international expansion. Shares debuted at $9.90 in Sept. 2018, surged over 810% during 2020–2021 to $62.84, and have fallen considerably since.
Read at 24/7 Wall St.
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