NIO inventory has been seeing a pleasant optimistic development each yesterday and right this moment, however does this make NIO inventory a purchase at their present share worth of round $62, or must you maintain off for a greater worth? On this video, I am going over a inventory replace for NIO and run by way of an up to date NIO evaluation, in addition to some details about what my ideas are on what prompted this sudden upwards development in NIO’s share worth. I additionally give my ideas on whether or not this makes NIO a very good inventory to purchase proper now.
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For many who have not been maintaining with NIO not too long ago, here’s a little background. NIO not too long ago obtained a worth forecast improve from a JP Morgan analyst amongst different analysts who gave NIO a brand new worth goal which is nice information and a really bullish signal for NIO.
Another information concerning NIO, if you happen to missed a few of my older movies, NIO ended up promoting 88.5 million shares in August and so they initially solely deliberate to promote 75 million shares, and so they offered these shares at a worth of $17 per share, whereas the value was at $18.50 at market shut on that earlier Friday. NIO inventory additionally has lots of potential, and they’re presently competing with Tesla over in China, which is fairly large as a result of not many corporations can compete with Tesla. NIO additionally not too long ago launched their battery-as-a-service which has been a bullish catalyst for NIO.
This battery service will enable NIO clients to lease the battery fairly than having to purchase a complete ES6, EC6, or ES8, drastically lowering the value to personal an electrical automobile. This might additionally trigger individuals to query “Is NIO the subsequent Tesla?” NIO additionally has a possible take care of Intel to create robotaxis by the yr 2022 and this might be large for NIO and NIO’s share worth. Stick round since you do not need to miss this one. Additionally, if you happen to’re studying this, depart a remark about what your favourite EV inventory is, I might love to listen to it!
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I’m not a monetary advisor nor do I declare to be. The concepts and opinions introduced on this video are private opinions and for leisure functions solely.
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