Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is It Too Late to Buy Nio Stock?

TheMotleyFool

0 0

Is It Too Late to Buy Nio Stock?: https://g.foolcdn.com/editorial/images/745952/nio.jpg

Nio (NYSE: Nio) posted its second-quarter report on Aug. 29. The Chinese electric vehicle (EV) maker's revenue declined 15% year over year to 8.77 billion yuan ($1.21 billion) and missed analysts' estimates by $60 million. Its adjusted net loss more than doubled from 2.19 billion yuan to 5.44 billion yuan ($751 million), or $0.45 per American depositary share (ADS), but still beat the consensus forecast by $0.04 per ADS.

Nio cleared Wall Street's low bar, but the stock remains more than 80% below its all-time high. Let's see if it's too late to bet on a long-term turnaround.

Image source: Nio.

Source Fool.com

Like: 0

NIO

Share