NIO Fair Price
$7.61
Undervalued by 5.3%
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My Notes
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I never follow analytics. Of these pieces I know most NIO, there now fell an interesting low. I've trusted the company in the past, I still do. Expansion, numbers, units shipped - everything is running at 110%, so hopefully they will become profitable soon.
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Great news for $NIO investors!
As of April 2023, $NIO has delivered 6,658 vehicles, a year-over-year increase of 31.2%.
NIO delivered 37,699 new vehicles in the first four months of 2023, a year-over-year increase of 22.2%. NIO's cumulative vehicle deliveries reached 327,255 units. Everything is on track, but the share price is falling again.
Are you buying?
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$NIO despite being a Chinese company so I have, for me it definitely has potential. The stock is going through a pretty rough patch.
It went down nicely, but I keep thinking it could still go down more :)