r/nio
$NIO best penny stock right now
The title jokingly calls $NIO the best penny stock right now, with no body text or substantive analysis provided.
Nio's market cap is too high to be considered a penny stock. It just has way too many shares.
Most people consider anything under $5 or $1 a share as penny stocks depending on definition. Nothing to do with market cap, etc..
It is performing worse than a penny stock though
https://preview.redd.it/80io0v2bvu1h1.jpeg?width=1242&format=pjpg&auto=webp&s=f515252317c27b6614e6bbd9d7552032d7cc3ea1
This is why I’m bullish on NIO - I got Gemini to model it’s EPS (earning per share) against BYD and Tesla, with a minimal (comparatively speaking) amount of shares issued and growing profits, the EPS could blast pass BYD and even Tesla and we know how much those stocks are worth.
Q1 26 projections are currently modelled in this graph - wait until their next earnings announcement later this month.
You should go back to your sandbox.
Why? EPS is solid indicator of performance and this metric alone is promising - we shall see tomorrow morning won’t we
They have 2.5 billion shares. All these Chinese companies do is undercut each other.
its not a penny stock since its over $6
Buy in this dip.
😂
This stock has been ass for years
Where’s the news? Was there supposed to be an article link here?