I saw a trend reversal today in NIO, along with everyone else. But let's not get it twisted, NIO hasn't had the greatest track record here. Considering they've still got a long way to go, do you guys think NIO stock is valued correctly based on its current share price. Or do you feel that it's "Overvalued/Undervalued"? And I don't mean that based on technical indicators like RSI or anything. Straight fundamental valuation.
"NIO stock has completely collapsed over the past two weeks. That’s in addition to the steady decline from earlier in the quarter. Much of the decline is due to NIO’s second-quarter results. During that period, NIO stock has nosedived by as much as 55%. Earlier this week, a research note suggested that the pain might not be over for the company."*
About NIO
NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its model includes EP9 supercar, ES8, and ES6. Majority of the revenue is earned from selling of vehicles.
Quote Source: 3 Robinhood Penny Stocks To Watch In October
Stock:
NIO
"NIO stock has completely collapsed over the past two weeks. That’s in addition to the steady decline from earlier in the quarter. Much of the decline is due to NIO’s second-quarter results. During that period, NIO stock has nosedived by as much as 55%. Earlier this week, a research note suggested that the pain might not be over for the company."*
About NIO
NIO Inc operates in China's premium electric vehicle market. The company designs and jointly manufactures, and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its model includes EP9 supercar, ES8, and ES6. Majority of the revenue is earned from selling of vehicles.
Quote Source: 3 Robinhood Penny Stocks To Watch In October
Stock:
NIO