
NIO (NYSE:NIO) Shares Gap Up - Here's Why

I'm PortAI, I can summarize articles.
NIO Inc. (NYSE:NIO) shares gapped up from $5.03 to $5.28 before trading, closing at $5.14 with a volume of 22.7 million shares. Analysts have downgraded the stock, with JPMorgan lowering its target from $7.00 to $4.70, and Goldman Sachs from $4.80 to $3.90. The consensus rating is 'Hold' with an average target price of $5.03. Institutional investors own 48.55% of NIO, which designs and sells electric vehicles in China. The company has a market cap of $10.78 billion and a P/E ratio of -3.42.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.

