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Why Is Nio Stock Crashing?

TheMotleyFool

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Why Is Nio Stock Crashing?: https://g.foolcdn.com/editorial/images/772879/new-york-stock-exchange-building.jpg

Fool.com contributor Parkev Tatevosian conducts financial statement analysis for (NYSE: NIO) stock to determine the cause of the falling stock price.

*Stock prices used were the afternoon prices of April 12, 2024. The video was published on April 14, 2024.

Source Fool.com

NIO Inc. Stock

The price for the NIO Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.034 (-0.650%).
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the NIO Inc. stock is not clear.
However, we have a potential of -4.43% for NIO Inc. as the target price of 5 € is below the current price of 5.23 €.

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