NIO stock has been witnessing a heavy selling pressure since early March due to lingering uncertainty. Let’s analyze the key drivers for NIO Inc (NYSE:NIO).
Analysts are Still BearishLast year, Chinese electric vehicle manufacturer NIO had its initial public offering with much fanfare, but NIO stock has had a terrible time in 2019 so far. The stock reached its 52-week high back in March, but since then, it has lost as much as 85% to hit a low of $1.50, and analysts believe that investing in NIO is nothing but a foolish choice at this ...
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