My Investing Strategy for NIO Stock (NIO Stock Prediction)
In today's video we are looking at NIO stock. I hope you enjoy the video any questions let me know! Follow me on IG: https://www.instagram.com/investingwithcarter/
Why NIO stock is Rising?
NIO delivered 4,708 vehicles in September 2020, increasing by 133.2% year-over-year
NIO delivered 12,206 vehicles in the three months ended September 2020, increasing by 154.3% year-over-year
NIO delivered 26,375 vehicles in 2020 in total, increasing by 113.7% year-over-year
NIO began the deliveries of the EC6 in September 2020 and cumulative deliveries of ES8, ES6 and EC6 as of September 30, 2020 reached 58,288
Nio is scheduled to report its third-quarter results Tuesday before the market opens. Analysts, on average, expect the company to report a narrower loss of 17 cents per share and revenue growth of around 150% to $654.34 million.
I do think NIO has a ton of long-term potential but I do think we will get some short-term sell-off to around $35 per share. Now if you don't want to wait to invest use the strategy of dollar-cost averaging to get a good average price on your shares.
My buy zone: $45
0:55 What is NIO?
1:24 Why is NIO Rising?
2:56 Best Investing Strategy for NIO Stock
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