Published on 24 May 2024 on Simply Wall St. via Yahoo Finance
NIO Inc. (NYSE:NIO) shareholders will doubtless be very grateful to see the share price up 31% in the last month. But only the myopic could ignore the astounding decline over three years. To wit, the share price sky-dived 86% in that time. So it's about time shareholders saw some gains. The thing to think about is whether the business has really turned around. We really feel for shareholders in this scenario. It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.