Nov 18, 2024
 in 
Hot Stocks 🔥

NIO: EV Penny Stock Might Rise 82% | Nemo

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’ 

Download Nemo Money to check out NIO - and new users can grab our registration bonus up to a maximum of $50. Top up your account and get 50% extra from us. Terms and conditions apply. 

Han Tan

Han Tan is Chief Market Analyst at Nemo.money, bringing over a decade of experience in financial markets as both a seasoned journalist and analyst. Known for his sharp insights into stocks, currencies, and commodities, Han has become a familiar face to national audiences through appearances on Bloomberg TV Malaysia, BFM 89.9, and NTV7 — earning him a trusted reputation in financial media. Before joining Nemo, Han served as Market Analyst at Exinity Group from 2019, where his commentary on macroeconomic trends and market-moving news was regularly featured by global outlets including Reuters, Bloomberg, CNN, BBC, and AFP. Today, Han brings that same clarity and depth to Nemo’s community, delivering content-led ideas that empower first-time investors to confidently navigate global markets.