Is Nio Stock a Buy Now?

Nio (NIO -3.11%) stock has seen some incredible swings since going public. After its initial public offering (IPO) in 2018, the company's stock rocketed to a price of nearly $63 per share. But a combination of macroeconomic and industry-specific factors spurred a dramatic pullback.The company's share price is now down roughly 88% from its high. Despite the electric vehicle (EV) specialist's stock being down massively, the company has been serving up some impressive growth. Is Nio stock a smart buy for 2024 ...