NIO stock is a high-risk bet, but the Market cap of 6.237B makes me optimistic about this asset ( Tesla has 178B Market cap). A presume a strong uptrend after a correction, as we look on the chart.
Revenues have grown from around $720 million in 2018 to about $1.12 billion in 2019. Vehicle deliveries grew from around 11,300 units to about 20,600 units. Sales are expected to grow by 65%.
NIO said second-quarter sales activity has surged with a jump in deliveries in April 3,155, more than double the figure for March.
With a of Long Term Debt of $1.23B, NIO finalized a deal in April with a group of state-owned investment companies that pumped about $1 billion into a subsidiary in China created by Nio called “Nio China.” This was a crucially-timed $1 billion bailout.
On 6/12/2020 Bank of America Reiterated NIO Rating to Buy and a price target of $7.30.
P.M. me to try some precise buy and sell chart indicators for free. The signals appear at the beginning of a candle, not at the end of it.