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Is Nio Stock a Buy Now After Earnings? Or Is It a Trap?

TheMotleyFool

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Is Nio Stock a Buy Now After Earnings? Or Is It a Trap?: https://g.foolcdn.com/editorial/images/757420/a-driver-charges-an-electric-vehicle.jpg

In this video, I will talk about (NYSE: NIO) and its recent earnings report, which was well received by investors because of the focus on profitability. But I'll explain why investors should exercise caution before celebrating prematurely.

*Stock prices used were from the trading day of Dec. 5, 2023. The video was published on Dec. 6, 2023.

Source Fool.com

NIO Inc. Stock

NIO Inc. gained 0.430% compared to yesterday.
The community is currently still undecided about NIO Inc. with 1 Buy predictions and 0 Sell predictions.
With a current price of 4.96 € NIO Inc. is right around the predicted target price of 5 €.

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