buy nio stock

China is the largest market in the world for new vehicles. One talked about Tesla and the other guy mentioned Ford. VAT registration number: 324242143. They have been bashing this company and saying it's way overvalued but that Tesla is undervalued. Tesla is the one EV stock that analysts don’t seem to like. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. We've detected you are on Internet Explorer. Press question mark to learn the rest of the keyboard shortcuts. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. Almost any post related to stocks is welcome on /r/stocks. EV stocks, overall, are on fire in 2020. The shares are up about 438% year to date, far better than comparable returns of the They may not be suitable for everyone, so please ensure that you fully understand the risks involved. NIO has a moat. Stocks to Buy 10 Canadian Stocks to Buy for the Recovery in 2021 and Beyond ADVERTISEMENT . NKLA is also more expensive than NIO in terms of EV/Sales ratio (19663.84x versus 22.02x). https://www.barrons.com/articles/buy-nio-stock-because-price-can-double-electric-vehicles-51602681155. Let’s find out. NIO, despite near-term sales headwinds and fierce competition from Tesla (monthly Tesla registrations in China now exceed 10,000), still carries a lot of weight in the burgeoning Chinese market, thanks to the huge amount of publicity it generates. S&P 500 The stock run has been something to behold. NKLA is also building a production unit in Arizona, which is expected to deliver 30,000 trucks by the fourth quarter of 2021. Fang was being disciplined about price targets and valuation. Valuation appears to be the main reason. Lai and Fang aren't alone in their increasing bullishness. NIO stock has been upgraded to Buy four times since June. Nio stock popped on October 14 — up 26% — due to a bullish report from JP Morgan. She has a keen interest in the stock market and has a fundamental approach when analyzing equities. For the best Barrons.com experience, please update to a modern browser. That is good news for all EV players. We use cookies to ensure that we give you the best experience on our website. There isn’t much you can’t buy through them. (TSLA). Xpeng stock is up more than 35% from its $15 IPO price, but shares are down about 12% from the $23.10 level where they opened for trading after the IPO. Xpeng shares have three analysts and three Buy ratings. NIO stock has fallen roughly 10% during this period. Shares rose almost 90% while he rated them Buy. Also, in September, NKLA’s founder and CEO Trevor Milton announced he was stepping down, amid allegations of misleading investors by overstating the company’s progress. The reason he turned bearish was stock-price appreciation. According to Barron’s, analyst Nick Lai upgraded Nio stock from Hold to Buy with a price target of $40 … Experienced investors are buying puts expecting a correction later. Incidentally, the optimism about growth in electric vehicle sales fueled a rally in Tesla stock. Min trade size is 24 pence per point. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. How to prepare for a large currency transfer, Freetrade launches Freetrade Plus subscription, CMC Markets leverages the opportunities seen in H1 2021, Hargreaves Lansdown’s trading update disappoints the market, The FCA closes the door on Crypto derivatives for retail clients, Capital Group Funds now available through Fineco Bank. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument. It is currently ranked #20 out of 29 stocks in the Auto & Vehicle Manufacturers industry. Li and Xpeng don’t have full-year trading histories. The information contained in this website is for informational purposes only and does not constitute financial advice. Analysts are having a hard time keeping up with EV stocks such as NIO. Chinese EV makes aren’t profitable yet and trade for roughly 4 time estimates 2022 sales. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. As you would imagine the IPO increased interest in the company hugely and from a listing price of $6.26 just a couple of days ago, at one point, in frenzied trading, the shares had risen with over a 110% gain, now having settled down to trade just below $9.”. His price target is $40 a share. If you continue to use this site we will assume that you are happy with it. NIO stock (ticker: NIO) jumped in Wednesday morning, finishing up 26% at $26.60. NIO stock (ticker: NIO) jumped in Wednesday morning, finishing up 26% at $26.60. The NIO Inc. stock holds buy signals from both short and long-term moving averages. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Still, NIO stock kept rising after the … By using our Services or clicking I agree, you agree to our use of cookies.

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