Anyone in NIO?
I have been in and out many times in the previous months. Yes, it is a Chinese company. Let's call it the Chinese Tesla. You run some risk buying shares of any company in China, but holy shit has this company paid off for me lately.
High analyst price targets for the next 12 months have it at @$269.54 and low 12 months estimates are at $127.38-
It is currently sitting at $27.24
It's the ground floor.
I recommend you guys and gals do your own DD, but this one is a serious player in the electric market even if it stays in China alone with their 1.3 Billion citizens.
$10,000.00 would get you 367 shares today and if analysts are correct, in 12 months you'd have $98,921.18 on the high side and $46,748.46 on the low side. IN 12 months!!
It is overbought right now on all charts but this may be the takeoff stage. If you can get this stock under 25.00 in the near future, I recommend it.