Nio Inc (NIO)

[JohnSamuel]

Where will the bottom be ?
Look at the real financial numbers from CNBC's as they stand after today's close : https://www.cnbc.com/quotes/nio?qsearchterm=nio

KEY STATS
Open 40.49
Day High 42.43
Day Low 37.59
Prev Close 41.53
52 Week High 66.99
52 Week High Date 01/11/21
52 Week Low 2.11
52 Week Low Date 03/18/20
Market Cap 61.781B
Shares Out 1.573B
10 Day Average Volume 95.87M
Dividend -
Dividend Yield -
Beta 2.74
1 Year % Change 914.99
RATIOS/PROFITABILITY
EPS (TTM) -0.74
P/E (TTM) -52.99
Fwd P/E (NTM) -2.55
EBITDA (MRQ) -1.006B
ROE (MRQ) -314.06%
Revenue (MRQ) 1.928B
Gross Margin (MRQ) 3.83%
Net Margin (MRQ) -54.39%
Debt To Equity (MRQ) 101.74%

So, the real question should be: Based on real financial numbers, what should a reasonable buy price be ? $12 ? $15 or $18 ? One of the 3 would be more realistic, but we will probably never see it this low again, but it does not mean that the true value of the shares should be more than this. JMHO
My opinion does not matter because I originally sold at around $10 and made about $12,000.00 so I was happy back then, but I lost out on the big climb, but I still follow the stock and I am amazed how P/E's means nothing nor does ROE. Crazy'er is a Gross Margin of 3.83%
Good luck with finding the real value and the real bottom ... I am still looking for it ... BUT ... as always, only time will tell.
JMHO,
John