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Forward Guidance Sets Ambitious but Realistic Tone for NIO

Published 05/03/2021, 10:55 AM
Updated 05/03/2021, 11:30 AM
© Reuters. Forward Guidance Sets Ambitious but Realistic Tone for NIO
NIO
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After a powerful rally in 2020, NIO stock needed to cool down for a while. But now, a setup for another leg up could be in the works.Just about anyone who held shares of Chinese electric vehicle start-up NIO (NYSE:NIO) in 2020 did well. That year, despite the global Covid-19 pandemic, NIO stock gained more than 1,100%.

That stunning rally persisted into early 2021, but no bull run is meant to last forever. February was a challenging month for Nio (NYSE:NIO)'s shareholders, while March and April were marked by frustratingly choppy price action.

So, what are traders supposed to do with NIO stock now? The share price is all over the map, making analysis difficult.

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