$NIO Inc.(NIO)$ Shares Jump on

2023-12-27

$NIO Inc.(NIO)$ Shares Jump on Launch of New Flagship EV.

NIO expects to start delivery of the ET9 in the first quarter of 2025[Miser]

Is Nio stock a buy right now?

Despite the share price pop today, Nio stock is still down roughly 87% from its lifetime high. The EV specialist is now valued at less than 2.2 times the average analyst estimate for 2023 revenue -- a level that could be considered quite cheap given that the business is posting solid sales performance and has room for expansion in the Chinese market and internationally. On the other hand, it remains to be seen whether the business can deliver consistent profits.

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