Meme Stocks: Nio (NIO)
Even among electric vehicle (EV) stocks, Lucid Group (NASDAQ:LCID) was arguably more of a meme play than this China-based maker of EVs.
Similarly, What is a meme stock stand for?
A meme stock refers to the shares of a company that have gained a cult-like following online and through social media platforms.
Is Nio worth investing in? 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.
Thereof, Is investing in Nio risky?
An investment in Nio is risky due to external factors beyond the company’s control. The company’s fundamentals seem to hold good prospects for capitalizing on the emerging EV market based on its technology and especially its Chinese market penetration.
Is Nio a strong buy?
Wall Street analysts, on average, rate NIO as a Buy. Of the 25 analysts tracked by Seeking Alpha, 12 rated the stock a Strong Buy, 9 a Buy, 4 a Hold and none a sell. SA authors, on average, also rate the stock a Buy.
Is Robinhood a meme stock?
The so-called meme stock phenomenon had been born, and some said it would mark a permanent power shift on Wall Street. Robinhood played a major role in the meme stock phenomenon, and it’s still dealing with the fallout.
How do I invest in meme stocks?
Image source: Getty Images.
- Develop an investment thesis. …
- Build an emergency fund first. …
- Limit your meme stock exposure to 5% to 10% of your portfolio. …
- Avoid taking short positions. …
- Don’t forget about the IRS.
Is GameStop a meme stock?
In 2021, GameStop became the emblematic “meme stock,” meaning that it was being pumped up by online stock pickers with a story to tell.
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 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.
Who is buying NIO stock?
Top 10 Owners of NIO Inc
| Stockholder | Stake | Shares bought / sold |
|---|---|---|
| SSgA Funds Management, Inc. | 2.13% | +658,909 |
| Goldman Sachs & Co. LLC (Private … | 1.50% | +5,866,726 |
| Susquehanna Financial Group LLLP | 1.08% | +4,046,869 |
| Norges Bank Investment Management | 0.96% | +1,214,040 |
What will NIO be worth?
That would put Nio’s value at $50 billion for 2022 (i.e., $10 billion times 5x P/S.) This is still 67.2% higher than its $29.9 billion market value as of March 9. That implies NIO stock could be worth as much as $33.72 based on yesterday’s price.
Will NIO come to the US?
The US branch of Chinese automaker NIO continues to make interesting moves in North America, as the company signed a ten year lease on a building in San Jose, CA. The new 200,000+ sq.
What’s wrong with Robinhood?
Robinhood was also called out for misleading customers, with FINRA stating the broker had cost customers around $7 million through its « misstatements. » Another big chunk of money set aside for customers was the result of Robinhood trading outages in March 2020, a time of extreme market volatility.
Did Robinhood lose users?
Monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter. Robinhood is about to face its toughest comps in the first and second quarters of 2022 following its record year in 2021 from events like the GameStop short squeeze.
Is Hood a good buy right now?
Robinhood Markets Cl A (HOOD)
The company boasts solid sales growth in recent quarters, and the company’s potential is encouraging amid the surging popularity of stock trading among young investors. Shares are far from their post-IPO highs and there is no current buy point, so the stock isn’t a buy right now.
Is SoFi a meme stock?
SoFi is one example, but it’s pretty high-profile by meme-stock standards, meaning the “hedgies” might see them coming.
Is AMC a meme stock?
Shares of meme-stock favorite AMC Entertainment Holdings inc. AMC, -2.75% were among the most heavily purchases securities in the last few days, the analysts said, with interest apparently tied to the company’s deal with Hycroft mining.
Is Pltr a meme stock?
Palantir has evolved from a popular meme stock to an innovative, long-term investment idea. Software platform company Palantir Technologies ( PLTR 3.53% ) is a popular name among retail investors, who own most of its shares, compared to just 35% ownership by institutions and hedge funds.
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.
What stocks should I buy for $1000 today?
7 best stocks to buy now with $1,000:
- Boston Scientific Corp. (BSX)
- Helmerich & Payne Inc. (HP)
- Freeport-McMoRan Inc. (FCX)
- Kraft Heinz Co. (KHC)
- Kimco Realty Corp. (KIM)
- Twitter Inc. (TWTR)
- Zeta Global Holdings Corp. (ZETA)
Does NIO have a future?
Amid stiff competition, Nio expects to double and refresh its lineup in 2022 with three new electric vehicles. It began deliveries of the ET7, its first electric sedan, March 28. Nio plans to launch the ET5 in September and the ES7, a five-seater electric SUV, before year end.
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