Is Nio Stock a Buy?
Investors loved the prospects for Chinese electric-vehicle (EV) maker (NYSE: NIO) two years ago when they drove its market cap to nearly $100 billion. But that speculative bubble has since burst, and the price of Nio's American depositary shares has plummeted since their peak in early 2021.
Yet Nio has continued to increase its rate of production and steadily increased annual revenue over the last five years. It operates in the two fastest-growing EV markets in China and Europe, which gives it an opportunity to succeed. But it has also stumbled along the way.
With the company's stock price at its lowest level in three years, many investors wanting exposure to the EV sector may be wondering if Nio is a stock to buy now.
Source Fool.com
NIO Inc. Stock
€4.11
4.930%
Our community is currently high on NIO Inc. with 3 Buy predictions and 0 Sell predictions.
With a target price of 5 € there is a positive potential of 21.77% for NIO Inc. compared to the current price of 4.11 €.
