NIO Inc. (NIO) designs, manufactures, and sells electric vehicles (EVs). With a current line of four models, the ES6, EC6, ET7 (a luxury sedan), and the ES8 (an electric SUV), this Chinese EV maker has a worldwide presence. Despite this, NIO stock has underperformed in 2021 with losses of 16%. Is it safe to be a contrarian now and consider that the stock price is attractive? I argue that no it is not. I am bearish on NIO stock. (See Analysts’ Top Stocks on TipRanks). I like several features of NIO, but the valuation and fundamentals show that the road to profitability is bumpy and a highly uncertain one.
https://www.tipranks.com/news/article/nio-recent-earnings-continue-to-show-structural-weaknesses?utm_source=advfn.com&utm_medium=referral
NIO (NYSE:NIO)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more NIO Charts.
NIO (NYSE:NIO)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more NIO Charts.