Nio’s price is perfect for longterm investors
Nio Inc(NIO) currently trades at $2.76 and has fallen by 2.83% in the past 24 hours. Nio has secured several rounds of external funding in the past two months, as well as a collaboration agreement with the Hefei municipal government. Together with the consistent cost efficiency improvement, we are optimistic about NIO’s long-term development.
Based on this information, investorsQ rates this stock a 6 out of 10. We give it this rating because the Q4 results show consistent cost efficiency improvement. Plus, the recent sell-off presents a good entry point for long-term investors. The high forecast for Nio Inc is $89.46 and the low is $6.29. Notably, the company’s market cap is $2.89 billion with a 52 week high of $5.65 and a 52 week low of $1.19.