Nio Stock: Buy, Sell, or Hold?
(NYSE: NIO), one of the leading electric vehicle (EV) makers in China, posted a messy third-quarter earnings report on Nov. 20. Its revenue dipped 2% year over year to 18.67 billion yuan ($2.66 billion) and missed analysts' estimates by 0.47 billion yuan. Its net loss widened from 3.95 billion yuan to 5.06 billion yuan ($721 million), or 2.14 yuan ($0.31) per American depositary receipt (ADR) -- which also missed the consensus forecast by 0.22 yuan.
Those headline numbers were disappointing, but Nio's stock barely budged after the report. That might be because its stock already sank nearly 50% this year and remains more than 25% below its initial public offering (IPO) price. So should you buy, sell, or hold Nio's stock today?
Image source: Nio.
Source Fool.com
NIO Inc. Aktie
Noch kein Trend erkennbar: NIO Inc. mit nur einigen Buy- und Sell-Einschätzungen.
Eine deutliche Minderung um mehr als 20% ist für NIO Inc. mit einem Kursziel von 3 € gegenüber 5.86 € zu erwarten.
