Why Nio Stock Jumped More Than 10% Today
(NYSE: NIO) stock had one of its best days in recent weeks today, flying 12% higher as of 12:40 p.m. ET Thursday.
After losing more than 50% value in the first half of 2024, Nio stock looked primed to rebound on its next earnings report in anticipation of higher revenue and better margins. The company didn't disappoint, giving investors a chance to grab the electric vehicle (EV) stock today.
Nio released its second-quarter earnings report Thursday morning. Here are some important numbers you must know (all changes are year over year unless otherwise mentioned):
Source Fool.com
NIO Inc. Stock
€4.45
0.790%
Currently there is a rather positive sentiment for NIO Inc. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 5 € shows a slightly positive potential of 12.33% compared to the current price of 4.45 € for NIO Inc..
