The NIO share price extends over the negative side, and the coming profits are unlikely to reflect
The share price of the share in NIO extended on Friday, with a period of five weeks from $ 3.54 before recovering some land for trading at $ 3.58 at the time of writing this report. However, there was more playing, as the morale of fear was injected into the market in the wake of a ruling on the US Court of Appeal belonging to the United States Appeals Court, which was suspended by the International Trade Court earlier in the week.
FUD’s commercial tariff did not stop there. On Wednesday, US Secretary of Commerce Scott Beesen added pressure after it was said that trade negotiations between the United States and China had stopped. These comments resulted in the revival of fears of resuming harsh commercial tariffs and counter -renovations that were seen in early May.
According to BESSENT, commercial conversations may need direct conversations between Trump and his Chinese counterpart, Xi Jinping. The Benchmark Hang Seng index closed the week by -1.20 %, while the SSE index ended the -0.47 % reaction to the news.
Meanwhile, the Nio’s share price has an additional risk of increasing the fluctuations in interest to issue its profits on Tuesday, June 3. The expected estimate of analysts is that the EV maker will reach revenues on an annual basis to 12.528 billion June from 9.91 billion CNY. However, the arrow profit is expected to have a loss of 2.56 CNY. While the company varied and expanded from its preliminary business model, which focuses on luxury, it continues to conflict with operational inefficiency.
The revenue leap will be a direct result of the rise in delivery operations, by pushing it primarily through cheaper models such as ONVO and Firefly. However, tightening competition in the EV market, commercial barriers and supply chain restrictions have staff in the company’s bullish direction, and it is likely to continue to subjugate the NIO (NYSE: NIO) share in the medium term.
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NIO price prediction
NIO stock prices at $ 3.68, controlling momentum signals by sellers. The support is likely to be the first of $ 3.53, but a controlled console will be by sellers to send the procedure to less for a test of $ 3.38.
On the contrary, going to $ 3.68 will invite buyers to control. In this case, the upward movement is likely to meet the initial resistance at $ 3.80. A fracture above this level will nullify the narration of the downside. More control by buyers can extend the gains for a $ 3.90 test.
