Name of opportunity: 👀
Nio Inc
Report due Wednesday: 📅
NIO, an electric vehicle manufacturer based in China, is set to release its quarterly earnings report on Wednesday - so any investors who are interested in this company but who are not yet ready to commit to purchasing shares might be keen to read the results when they come out.
The stock is currently priced very low, at $4.70 - a significant drop from its all-time high in February 2021, when it reached $62.84. Part of the reason for the stock’s decline was the fact that the company struggled to maintain its rate of growth, with annual deliveries only growing by 34% in 2022 and 31% in 2023. However, back in September of this year, NIO showed positive development, with its $2.4 billion revenue beating analyst estimates.
How hot is this investment opportunity? 🔥🔥🔥
You can find up to date info about the price of NIO as well as historical data on our trading app Nemo Money. Analysts predict the price of NIO Inc. will increase from $4.70 to $8.41 in the next 12 months. If you invested $1000, you might profit $819.83.
Reasons why the stock is predicted to grow in value could be because analysts, having seen NIO’s growth this year so far, expect to see further growth.
In the Q2 earnings report, NIO shared that the company had delivered 57,373 vehicles, its highest number per quarter to date. This is a year-on-year increase of 143.93%.
NIO has a unique feature that differentiates its electric cars - you can easily take out and swap the battery at a swap station, allowing drivers to move on with their journey quicker than if they had to wait to charge up their car. In Europe, this is also a revenue opportunity for the company, as only customers who pay for the ‘Battery as a Service’ (BaaS) system are allowed to use the sites.
Charge it up: 🔋
NIO Inc is a China-based holding company principally engaged in the research, development and manufacturing of premium smart electric vehicles. The company is mainly engaged in the design, development, manufacture and sales of high-end smart electric vehicles.
Which neme?: 🔍
‘Made in China’, ‘Electric Vehicles’
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