NIO Stock Gets What I Think It Deserves

Summary

  • NIO Inc. stock has fallen sharply since November 2022, disappointing shareholders. And it can't be attributed to just weakness in Chinese stocks or the high-tech sector.
  • In this article, I examine the reasons for the rise and fall of NIO in recent months. Read on.
  • In my opinion, recent corporate events have made NIO an even riskier stock without adding much upside potential.
  • Based on my research, I confirm my previously given Sell rating.
  • I do much more than just articles at Beyond the Wall Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Портрет Nio/Kongorikishi

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The Background

I have been covering NIO Inc. (NYSE:NIO) since November 2022, when 1 share was worth $11.34, and since then the stock price has fallen over 25%, and the recent rebound brought shareholders nothing but disappointment:

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This article was written by

12.81K Followers
Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract the most critical ideas. He runs the investing group Beyond the Wall Investing in which he provides access to the same information that institutional market participants prioritize in their analysis. Learn more.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

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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