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Monday, March 4, 2024

2024: NIO’s Big Year (NYSE:NIO)

2024: NIO’s Big Year (NYSE:NIO)

Victor Golmer/iStock Editorial via Getty Images

I have been bullish on NIO Inc. (NYSE:NIO) since before its epic rise in 2020 and subsequent decline. However, I recently took a more cautious approach as losses mounted and NIO continued to dilute its shares. Additionally, I recently re-entered NIO stock as a

Bs of income$13$19$24$30$36$42$49
Increase in income82%36%26%24%20%18%16%
Forward P/S Ratio22.533.
Market capitalization$38 billion60 billion dollars90 billion dollars$115 billion$138 billion$156 billion170 billion dollars
Stock price$20$32$47$60$72$82$90

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