Will Nio stock go up?

There are several factors that could drag the Nio stock price lower in the coming months. First, competition in the EV industry is growing rapidly recently. Nio is now competing with more than 400 EV companies in China. Some of the top competitors are BYD, Li Auto, and XPeng. This means that ultimately, the companyâs growth will slip in the coming months.

Is Nio a good buy and hold stock?

While Nio is a good company, it is also highly risky. Being a Chinese company, there are concerns about the accuracy of its financial results. In the past, we have seen Chinese companies publish inaccurate numbers.

How many cars has Nio sold?

Nio is a relatively young company that is in the process of ramping up its production. Nio has sold over 238k cars, which is a remarkable number for a company of its age. Analysts expect that it will sell over 500k cars per year in the next five years.

Is the Nio stock overvalued?

Like most EV stocks, Nio is currently overvalued. Besides, this is a loss-making company that makes less than $4 billion in annual revenue that is being valued at almost $35 billion. The company has a price-to-sales ratio of 5.89, making it overvalued. However, this overvaluation can be justified if the company maintains its growth.