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Where Will Nio Stock Be in 1 Year?
The Chinese EV maker still has a lot to prove.
Nio (NYSE: NIO), a leading producer of electric vehicles (EVs) in China, posted its first-quarter earnings report on June 3. Its revenue rose 21.5% year over year to 12.03 billion yuan ($1.66 billion), but its net loss widened from 5.18 billion yuan ($720 million) to 6.75 billion yuan ($930 million). It missed analysts' expectations on both its top and bottom lines.
Nio's stock rose slightly after that report, but it's still down about 27% over the past 12 months. Let's see if it will finally stabilize and bounce back over the following year.
Image source: Nio.
