Is NIO (NIO) Still Attractive After 85% One Year Share Price Rally?
- If you are wondering whether NIO at around US$6.50 is a bargain or a value trap, you are not alone. The answer starts with understanding what the current price is really implying about the business.
- The stock has seen sharp swings, with returns of 3.2% over 7 days, 10.9% over 30 days, 26.5% year to date, 84.7% over 1 year, but with longer term 3 year and 5 year returns of negative 29.9% and negative 82.0%.
- Recent headlines have focused on NIO as one of the more volatile names among US listed electric vehicle makers, as sentiment has shifted quickly between enthusiasm and caution. Coverage has often highlighted the company as a high beta way to gain exposure to the broader electric vehicle theme, which helps explain why the share price…
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