NIO Inc. (NIO) has seen significant gains in its stock price, following the release of its latest SUV model, the ES8. The company has been able to grow at such an impressive rate since its founding in 2014, but will it be able to keep up with the trend? If you’re thinking about investing in NIO stock and want to know whether it’s worth it, read on as we take a look at all of the details surrounding NIO Inc. (NIO) stock price!
What Should Investors Do With NIO Stock Today?
Based on what we know about NIO stock, and its direction in recent years, we have compiled four different investment approaches for NIO stock. These are: hold NIO stock; sell NIO stock; buy more NIO stock and short sell on NIO. The rationale for each is outlined below. However, keep in mind that there are no guarantees of any kind when it comes to investing.
So before you follow any advice here regarding your finances, do plenty of your own research first! Please do not make any investment decisions based on anything you read here… always be sure to consult with an experienced advisor who can help guide you as to what may be best for your specific needs.
If You Decide to Buy, Where Should You Open your Position?
Just like your brokerage account, you can choose to open an account with several exchanges. And just like choosing where to open your brokerage account; there are benefits and downsides to using each exchange. So let’s take a look at NIO stock price at Binance vs Bittrex vs GDAX (Coinbase).
We’ll start by going over what is best about each exchange and then highlight their downfalls so you can make an informed decision. You’ll also see that I have included screenshots of all 3 exchanges (when possible) so you can quickly compare them side-by-side.
If You Decide to Add to Your Position, What’s the Next Move?
If you decide to add to your position, then you should probably think about where else you could put your money. Maybe now is not a good time to put it all in NIO Inc. (NIO). The company doesn’t seem like one that will be going away anytime soon—but it also doesn’t look like one that’s growing very fast either. For example, its net income growth per share over 5 years is just 12%. That’s not bad, but it’s also not remarkable.
If You Decide to Dump Your Stocks, Should You Sell Now or Wait for a Dip in Price?
One of two scenarios will likely play out for NIO stock price: Either you decide to sell and take your profits off the table now, or you’ll hold on in hopes that there’s an opportunity to buy more shares at a discount. There are certainly valid reasons to do either of these things—maybe you’re eager to move on to something else and don’t have time to wait around; maybe you have other high-potential investments you’d like to divert capital into.
On the other hand, there could be benefits in waiting: If enough people decide they’re ready for some profits and start selling their own NIO holdings—particularly if they do so at above-average prices—you could find yourself with better buying opportunities than what might have existed right after your original investment.
There are a lot of different factors to consider when trying to determine if NIO Inc. (NIO) is a buy, sell, or hold. (Read: What Every Investor Should Know About ‘Sell Ratings’.) For example, those that follow electric car manufacturers will know that NIO Inc. (NIO) is currently testing its electric supercar on track in California.
That’s exciting and it could be enough to give some investors confidence that NIO stock price will continue climbing higher over time. However, it’s important not to get too caught up in one bit of news like that as there are many other factors at play when trying to determine whether or not you should buy shares of Nio Inc.