Added to YB: 2024-01-31
Pitch date: 2024-01-29
NIO [bullish]
NIO Inc.
-16.31%
current return
Author Info
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Company Info
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally.
Market Cap
$95.6B
Pitch Price
$6.01
Price Target
7.50 (+49%)
Dividend
N/A
EV/EBITDA
-9.55
P/E
-3.73
EV/Sales
1.48
Sector
Automobiles
Category
growth
Show full summary:
NIO: EV Slump Won't Last
NIO ends 2023 strong: 18K Dec deliveries, 400%+ growth since 2020. Expanding with affordable Alps brand in 2024. Vehicle margins at 11%, targeting 15-18% in 2024 despite $541M Q3 loss. $2.2B CYVN investment boosts cash. Cost cuts & $10B+ sales may improve appeal in weak market.
Read full article (4 min)