Baillie Gifford is best known for its high-conviction plays on growth stocks. Yesterday, the Scottish asset management firm filed an amended Schedule 13G to document its stake in Nio (NYSE:NIO).The filing revealed that Baillie owned 114.63 million shares of NIO stock as of Dec. 31, which is equivalent to a 5.97% ownership stake. Baillie owned 114.90 million shares as of the end of the third quarter, meaning that it sold off 268,515 shares, or 0.23% of its position. Following the sale, Nio clocks in as Baill ...

In the latest trading session, NIO Inc. (NIO) closed at $6.04, marking a -0.49% move from the previous day. This move lagged the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.The company's stock has dropped by 33.3% in the past month, falling short of the Auto-Tires-Trucks sector's loss of 7.52% and the S&P 500's gain of 2.48%.Market participants will be closely following the financial results of NIO Inc. in its upcoming release. It is anticipated th ...

Following an impressive period of growth for electrification-related stocks in the transportation sector, a pause prompted by surging inflation and increasing borrowing costs presents a potentially opportune moment to consider purchasing EV stocks. While electric vehicles remain a prospective future, the sector faced setbacks due to challenging economic conditions. For Chinese EV producers such as Nio (NASDAQ:NIO), these headwinds have been exacerbated by geopolitical tensions and other China-related concer ...

It isn’t easy investing in Chinese stocks. So far this year, Nio (NYSE:NIO) is down by about 25%, driven by a tough Chinese economy reeling from harsh regulatory policies, deflation and a property crisis. On top of that, the Chinese electric vehicle (EV) company remains unprofitable, reporting a GAAP earnings per share (EPS) loss of 37 cents while burning through cash. NIO stock isn’t alone. The Hang Seng Index is trading near a yearly low with a five-year loss of more than 40%.While President Xi Jinping ha ...

Nio (NIO 4.60%) stock was making big gains in Tuesday morning trading, up 8.2% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence.According to a report from Reuters, China's large government-owned banks are making moves to support the country's currency. The news helped power broad-based gains for Chinese stocks, and the electric vehicle (EV) company is benefiting from the bullish momentum. Selling dollars, buying yuanChina's economy has performed unevenly as that country has emerged ...

Shares of Nio (NIO 5.53%) shot more than 15% higher to start the trading day today. There wasn't any specific announcement from the Chinese electric vehicle (EV) company, but there was good reason for the excitement nonetheless.Nio's American depositary shares didn't hold all of that gain, but were still higher by 5.9% at noon ET on Tuesday.A brighter market environmentNio stock has had a rough start to 2023. Today's jump is one of the only positive market days for it this year; the stock is still lower by ...

NIO Inc. (NIO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -29%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Automotive - Foreign industry, which NIO Inc. falls in, has gained 3.1%. The key question now is: What could be the stock's future direction?Although medi ...

Nio (NIO -1.32%) has taken investors on a wild ride since its public debut. The Chinese electric vehicle (EV) maker went public at $6.28 per American depositary share (ADS) on Sept. 12, 2018, and its shares rallied to an all-time high of $62.84 on Feb. 9, 2021. At its peak, Nio's enterprise value reached $91.4 billion, or 16 times the sales it would generate in 2021.But as of this writing, Nio trades at about $6 per share with an enterprise value of $12.1 billion -- which is just over 1 times the sales it's ...

The electric vehicle (EV) sector has faced a challenging beginning in 2024, with stocks experiencing a notable sell-off partly influenced by the broader market trend. As the performance of stocks throughout 2024 remains uncertain, investors are searching for the next promising EV equities poised for growth.In this regard, Finbold utilized OpenAI’s generative artificial intelligence (AI) tool, ChatGPT, to provide insights into two EV stocks likely to skyrocket in 2024. The tool identified the following two s ...

In dynamic stock investments, pursuing the next big opportunity often leads investors to seek promising ventures with the potential for substantial growth. Among the plethora of options, three stocks under $15 are emerging as strong contenders, projected to triple in value by 2026.The first one, the electric vehicle (EV) giant, suggests strategic dominance in China. The company solidifies its market presence and surpasses competitors. With its unique value proposition, the second one reports robust financia ...