Nio and Workhorse are rallying together at almost similar prices while their market caps have huge differences. As Nio surges today by 11%, its market value hits $20 billion. Older Workhorse (NASDAQ: WKHS) grows 7.74% making the market cap nearing $2 billion. Both stocks appeared publicly at different times.
In September of 2018 NYSE: NIO debuted with $6 per share. Then it had rise and fall to reach the current $16.80 with terribly negative EPS which makes even tech enthusiasts scroll it down.
Workhorse made IPO in June of 2010 with $6 too. However, hard times made it bold to gain slowly till June of 2020. This summer Workhorse has shown a fantastic rise from $2.63 to $17.70. Not so bad EPS makes many investors think the potential of Workhorse future revenue.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life