|Bid||32.19 x 900|
|Ask||32.20 x 1100|
|Day's range||31.50 - 35.22|
|52-week range||30.71 - 66.99|
|Beta (5Y monthly)||2.52|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Look closer, however, and it's clear that the prices of many smaller growth stocks, and even some top-tier companies, are hovering around 52-week lows. Investors that follow the electric vehicle (EV) industry are probably wondering if the tech sell-off affects growth companies like Lucid Group (NASDAQ: LCID) and Nio (NYSE: NIO). Daniel Foelber (Lucid): It seems like a distant memory now, but it was only in August and September when share prices of Lucid were struggling to stay above $20 a share as early investors cashed out.
On a day when the Nasdaq index is down more than 2%, it shouldn't be surprising that aggressive growth names in the EV sector are leading the way. In addition to market sentiment going against high-growth, speculative companies such as these, Chinese stocks in general are in the crosshairs today. Despite the recent macro factors impacting the share prices of Nio, XPeng, and Li Auto, each company reported strong growth in its latest delivery update.
Share prices of Lucid Group (NASDAQ: LCID) and Nio (NYSE: NIO) are down over 10% since Monday. Let's dive into Lucid and Nio to see if each company has what it takes to endure today's short-term pain for a potential long-term gain.