Will This Beaten-Down Stock Bounce Back? 3 Things to Know
Every investor wants to get into a stock at a more attractive entry price. The recent downturn in higher-growth tech stocks has brought share price levels down in several sectors, including electric vehicles (EVs).
One popular name whose stock has moved down is Chinese EV maker Nio (NYSE: NIO). Shares are sitting around its 52-week low after having fallen more 30% in the last six months, and 50% over the last year. And there are three things investors may not know about Nio that could make it a great time to buy.
Nio's EP9 electric supercar may not be for the masses, but the company has plans for a mass-market brand. Image source: Nio.
Source Fool.com
