Why Nio Stock Is Down Today
Shares of Chinese electric vehicle maker Nio (NYSE: NIO) were trading lower on Wednesday morning after the company cut its guidance for first-quarter deliveries.
As of 10:30 a.m. ET, Nio's American depositary shares were down about 6.2% from Tuesday's closing price.
After a rough start to 2024, Nio cut its guidance for first-quarter deliveries on Wednesday. Image source: Nio.
Source Fool.com
NIO Inc. Stock
€3.58
1.390%
With 0 Sell predictions and 2 Buy predictions the community sentiment towards the NIO Inc. stock is not clear.
As a result the target price of 5 € shows a positive potential of 39.63% compared to the current price of 3.58 € for NIO Inc..
