As per TipRanks’ analyst rating consensus, Nio is a Strong Buy. Out of 10 analyst ratings, there are 10 Buy recommendations. This stock has an average NIO price target of $60.86, implying an upside of 153.5%. Analyst price targets range from a high of $87 per share to a low of $34 per share.
Similarly, Is it good to invest in NIO?
Investing in Nio today is best suited for investors willing to face extreme volatility and very high risk. However, the old saying that the greater the risk, the greater the reward holds true here. An investment in Nio is risky due to external factors beyond the company’s control.
Is NIO in danger of being delisted? Your Takeaway on NIO Stock
Nio’s delisting risk is modest at this time. Investors should care more about the company’s path to profitability. When it gets there this year at the earliest, shareholders may hold the stock as it lists on an Asian exchange.
Thereof, Will NIO stock go up 2021?
We think it is. Although Nio stock trades at a relatively high 12x consensus 2021 revenues, it should grow into this valuation fairly quickly. Sales are projected to more than double this year and growth is likely to come in at over 65% in 2022 as well, per consensus estimates.
Is NIO a good stock to buy 2021?
Even after its 2021 pullback, Nio has still been a top-performing stock overall in recent years. Investors buying the dip in Nio stock are still paying a more than 300% premium to the stock’s price two years ago. Nio is one of many stocks that have rallied on investor enthusiasm for EV investments.
Is NIO popular in China?
Shanghai-based Nio was founded in 2014 by William Li, a billionaire entrepreneur who got rich selling services to the auto industry. Nio currently sells three models and has a fourth on the way for early 2022. It’s delivered some 140,000 cars to customers in China and is expanding to Europe.
Is NIO listed in China?
showroom in Beijing, China. Stock in Chinese electric-vehicle maker NIO is now listed on two stock exchanges: The New York Stock Exchange and the Hong Kong stock exchange. Shares made their debut in Hong Kong Thursday.
What happens to stock if delisted?
Although some brokerages restrict such OTC transactions, you generally can sell a delisted stock just as you would a stock that trades on an exchange. A delisted stock can continue to trade over the counter for years, even if the company files for bankruptcy.
Can U.S. delist Chinese stock?
For the delisting timeline, under the current provisions of HFCAA, forced delisting of Chinese ADRs can start in 2024, according to Su. “That said, the timeline can potentially move up by one year if the Accelerate Delisting Bill is signed into law.
Will NIO be as big as Tesla?
Nio may not be nearly as big as Tesla yet, but it has delivered more than 155,000 vehicles to date. It makes sense that Tesla would be valued higher than Nio, but Lucid has barely begun delivering cars, yet has a higher market cap than Nio.
When NIO will be profitable?
NIO is just beginning its ascend into the Chinese market, which arguably has high demand for higher-end EVs. The company is expected to triple sales by the end of 2024, and become profitable by 2023.
Is NIO a Buy Sell or Hold?
NIO has received a consensus rating of Buy. The company’s average rating score is 2.93, and is based on 14 buy ratings, 1 hold rating, and no sell ratings.
Why is NIO down so much?
Why Nio Shares Dropped Tuesday
Nio (NYSE: NIO) investors are trying to balance new catalysts for the Chinese electric-vehicle (EV) maker with a short-term issue that has Nio’s production on hold.
Will NIO bounce back?
By mid-2022, Nio is expected to double its assembling capacity to 240,000 units. Further, according to Deutsche Bank analyst Edison Yu, the annual production capacity is likely to increase to 600,000 units by the end of 2022. With a strong balance sheet, the company is unlikely to face any financial headwinds.
What happens if a Chinese stock is delisted?
If any delisting actually happens, the fund won’t be able to switch to the Hong Kong shares like other funds. But again, that would be at least two years away. Invesco says it will “fully comply” with the sanctions when the day comes.
Which car is better NIO or Tesla?
Tesla Is The Safer Bet
Overall, while Nio’s faster recent growth and unique innovations such as Battery as a Service (BaaS) – which allows customers to subscribe for car batteries, rather than paying for them upfront – are no doubt interesting, we think it remains a riskier investment compared to Tesla.
Which is the best Chinese EV company?
BYD. BYD ( BYDDY 0.12% ) controls the highest share, 18%, of China’s EV market. The company derives more than half of its revenue from auto and related products. In November, BYD delivered 97,242 vehicles.
How many cars has NIO sold?
NIO delivered 91,429 vehicles in 2021 in total, representing a strong increase of 109.1% year-over-year. As of December 31, 2021, cumulative deliveries of the ES8, ES6 and EC6 reached 167,070 vehicles.
How much is a NIO car?
The electric car is set to begin deliveries in September 2022, with pre-subsidy prices starting at 328,000 yuan ($51,250) for models that come with a battery.
How do you sell a worthless stock?
Sell Worthless Stock if Your Broker Holds the Shares
And you sure don’t want to pay a brokerage commission to get rid of your worthless shares. Many brokers have a plan to let their good customers sell them worthless stock for $1 or 1c for the lot. If you are a good customer, and stock is with the broker, ask.
What happens when a stock goes below $1?
After the initial listing, if a stock’s average closing price over any 30 consecutive trading days falls below $1, the stock is subject to delisting from the NYSE. This average closing price equals the sum of 30 consecutive closing prices, divided by 30. A closing price is the last trading price of a trading day.
Can I sell a delisted stock?
If a company is delisted, you are still a shareholder, to the extent of a number of shares held. And yet, you cannot sell those shares on any exchange. However, you can sell it on the over-the-counter market. This means you can look for a buyer outside the stock exchange.
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