These 3 Stocks May Be Reaching a Bottom; Analysts Say ‘Buy’

Benzinga

Is Nio’s Stock Overvalued Or Undervalued?

Nio Inc – ADR (NYSE: NIO) shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 27.1%. Nio’s stock has run out of steam in 2021, but value investors may be wondering whether it’s time to buy the dip. Earnings: A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value. For comparison, the S&P 500’s PE is currently at about 34, more than double its long-term average of 15.9. Nio d