EV Watch: Nio Inc - ADR (NIO) Is Bearish And Rising Monday

Nio Inc - ADR (NIO) is gaining momentum Monday, increasing 2.33%. The market has been down on Nio Inc - ADR (NIO) stock recently. NIO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Nio Inc - ADR has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NIO!

See Full NIO Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NIO Stock Today?

Nio Inc - ADR (NIO) stock is higher by 2.33% while the S&P 500 has fallen -0.23% as of 11:02 AM on Monday, Apr 1. NIO is up $0.11 from the previous closing price of $4.50 on volume of 20,549,596 shares. Over the past year the S&P 500 is higher by 27.10% while NIO has fallen -52.96%. NIO lost -$1.72 per share in the over the last 12 months.

More About Nio Inc - ADR

NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Its model includes EP9 supercar, ES8, ES6, and EC6 followed by ET7 and ET6 The company sells vehicles through its own sales network, including NIO Houses, NIO Spaces, and their mobile application. The majority of the revenue is earned from selling vehicles. Click Here to get the full Stock Report for Nio Inc - ADR stock.