Should You Buy Nio Stock While It's Still Below Its IPO Price?
's (NYSE: NIO) stock surged 14% on Sept. 5 after the Chinese electric vehicle (EV) maker posted its second-quarter report. Its revenue rose 99% year over year to 17.45 billion yuan ($2.4 billion) but missed analysts' estimates by $40 million. It narrowed its adjusted net loss per American depositary share (ADS) from 3.28 yuan to 2.21 yuan ($0.30), which matched the consensus forecast.
Nio didn't hit a home run, but its soaring deliveries, rising vehicle margins, and rosy guidance suggested it was reaching an inflection point. Should investors buy this oft-overlooked EV stock while it still trades more than 20% below its IPO price?
Image source: Nio.
Source Fool.com
NIO Inc. Aktie
4,54 €
-0,13 %
Leichtes Buy-Interesse bei NIO Inc., mit mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 5 € für NIO Inc. zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 4.54 € an.
