One-Minute NIO Stock Price Analysis #Shorts

Quick NIO stock price analysis and outlook in today’s #shorts video. Shares of NIO have jumped 15-fold in the last year but are they still a good buy?

Like most tech stocks, NIO stock has boomed over the past year but is facing near-term challenges in the stock price. Shares have fallen 32% in the recent selloff and are still trading at a high PE ratio compared to recent history.

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Analysts have an average target of $57.43 per share though targets range from $13 all the way up to $90 per share. NIO isn’t profitable yet, expected to report a loss of $0.12 per share this year on about $5.3 billion in sales which would still be 16.9-times on a price-to-sales basis at that average target. For comparison, Tesla right now trades for 13.8-times on its price to expected 2021 sales so…hard to believe but Tesla is actually the less expensive choice.

Still, analysts at Mizuho like NIO on its lower cost of ownership and home court advantage in the China market and recommend both EV stocks.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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