NYSE:NIOAuto
Is NIO (NIO) A Bargain After Steep Five Year Share Price Decline?
If you are trying to figure out whether NIO at around US$5.20 is a bargain or a value trap, the starting point is understanding what the current price actually reflects.
The stock has been volatile, with the share price up 40.9% over the past year but down 29.8% over three years and down 87.7% over five years. More recently it is up 1.2% year to date, yet down 9.4% over the last week and down 16.3% over the last month.
Recent headlines around NIO have focused on its position in the electric...