#7 - NIO (NYSE:NIO)
NIO (NYSE: NIO) - The Chinese electric car manufacturer NIO made its debut on the NYSE in September of 2018 and immediately the stock price more than doubled from $6.25 per share to $13.80. But then the stock went on a roller coaster ride where it fell over 15%, rose over 30% before falling another 17%. So far in 2019, the stock is up nearly 20%, which is quite a bit more than other Chinese stocks such as Alibaba and Baidu. Investors seem to be trading on the news with this stock and recently the news has been good. In February, the company announced that it had made Fast Company list as one of the most innovative companies in China. Investors drove the stock price up 5% as a result. And a recent favorable story on the broadcast 60 Minutes saw the stock climb again. Currently NIO stock is rated as a buy by 40% of analysts and 50% see it as a hold. The company is scheduled to post fourth-quarter earnings in early March. If they meet or exceed analysts' expectations, this stock could be ready to take off.
About NIO
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.
Read More - Current Price
- $4.85
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 8 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $5.91 (22.0% Upside)
