NIO Delivers: Remains A Strong Buy Long-Term

Jul. 13, 2023 10:58 AM ETNIO Inc. (NIO) StockNIO21 Comments
Victor Dergunov
Investing Group Leader

Summary

  • NIO's stock may have finally found a bottom, surging by about 60% off the $7 ultra-low achieved six weeks ago.
  • However, despite NIO's considerable run-up, its stock remains dirt cheap.
  • NIO's stock trades at about two times this year's revenue estimates and just 1.2 times 2024's projected sales.
  • NIO should become increasingly profitable as its revenues continue increasing, enabling its multiple to expand in the coming years.
  • NIO's stock should go much higher long term, making NIO a top buy-and-hold candidate for the next 5-10 years.
  • This idea was discussed in more depth with members of my private investing community, The Financial Prophet. Learn More »

NIO logo and the Nio"s user center, NIO House

Andy Feng

NIO Inc.'s (NYSE:NIO) stock has skyrocketed by about 60% in six weeks. The company's stock price rebounded strongly off the extreme low around $7 as its sales in China's pure EV market bounced back last month. NIO's

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This article was written by

Victor Dergunov
51.91K Followers

Hi, I’m Victor Dergunov, MBA, and I’ve been an active investor for over 20 years. My passion for investing started early, and I’ve spent two decades honing strategies that consistently deliver results. Whether it's tech giants like Apple and Tesla or opportunities in commodities and crypto, I provide diversified insights to help you succeed. Join me, and let’s take your investing to the next level.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NIO, TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long a diversified portfolio with hedges.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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