|Bid||12.13 x 800|
|Ask||16.00 x 800|
|Day's Range||13.24 - 13.30|
|52 Week Range||11.34 - 15.09|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.68%|
Nio (NYSE:NIO), the electric automaker dubbed the "Tesla of China" slumped almost 4% on Friday, extending a dismal run, during which Nio stock price has plunged 39% this month and nearly 60% this year.Source: Shutterstock Following Friday's close of $2.42, one share of Nio stock barely costs more than a single Powerball ticket and there is plenty of debate regarding which might be the better investment. There could be more pain ahead for Nio stock because, although Nio stock price has been plummeting, sell-side analysts have been slow to trim their price targets on the stock. * 5 Stocks to Buy for $20 or Less The average analyst price target on Nio stock is $7.64, or about triple where the shares trade now. Last month, Bank of America Merrill Lynch analysts cut their price target on Nio stock to $3, which looked like a good idea at the time. One of the reasons for that reduction was increased competition in the China market from Tesla (NASDAQ:TSLA).InvestorPlace - Stock Market News, Stock Advice & Trading Tips Ominous Signs for Nio StockTSLA is not "perfect." TSLA stock is down more than 32% this year and there is seemingly always plenty of controversy surrounding the company. That said, Tesla is far better-positioned in the global electric-vehicle market than Nio, and TSLA is probably in better shape even in China.It is not a good look for Nio stock price to be tumbling to levels that make cups of regular coffee at some establishments more expensive than Nio stock. Certainly not when the electric-vehicle market is growing."Battery-powered electric vehicles represent just 2.1 percent of global new auto sales, the equivalent of 2 million vehicles. Sales of EVs are forecast to jump to 2.7 million this year," according to Nasdaq.Nio stock serves as a reminder that when it comes to thematic investing, picking individual stocks is hard and potentially risky. Investors who have opted for broader approaches to electric-vehicle investments are being rewarded this year. For example, the Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is up 10% year-to-date, making Nio stock look dreadful by comparison.The epic problem with NIO is that the company's sales are sliding while overall electric-automotive sales are expected to rise. Adding to that, NIO CEO William Li appears blase about the company's faltering sales."At NIO Inc., the Tesla Inc. wannabe from China, electric vehicle sales are plummeting, losses mounting and the stock price cratering," according to the Detroit News. "But founder and Chief Executive Officer William Li can't see what all the fuss is about."Li added that NIO will be profitable "in a few years." The Nio CEO is nothing if not ambitious; even though there are several thousand electric vehicle makers in China, Li is evaluating ways for his company to enter the U.S. market. Ambition is nice, but not at the expense of profitability and share price, two issues NIO is struggling with. The Bottom Line on Nio Stock: Not Now For NioIt is easy to be seduced by stocks with low price tags, but a name that appears to have value because of a cheap price can often be a value trap. There are quality stocks out there with single-digit prices. Nio stock is not yet a member of that group.Remember, stocks have low prices for different reasons, but few, if any of those reasons are positive, as Nio stock highlights. Just because something is cheap does not mean it is a good deal.As was noted earlier, analysts have been slow to downgrade Nio stock and lower their price targets on Nio, partly because some have been busy denigrating TSLA. They are likely to get around to slamming Nio stock, too. The stock appears to be bereft of catalysts and will likely head lower until it can deliver positive sales and profitability surprisesTodd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Nio Stock Is Basically a Lottery Ticket at This Point appeared first on InvestorPlace.
NEW YORK , June 6, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of twenty ETFs to the TD Ameritrade ETF Market Center ...
The electric vehicle theme remains compelling to some investors, but it has not been immune from the recent shift away from riskier. Exchange-traded funds dedicated to this investment niche are usually chock full of growth and technology stocks, making the products vulnerable when market sentiment shifts to less risky fare. As is the case with many thematic ETFs, investors considering DRIV or any of the other electric vehicle funds will have to exercise some patience.
Currently, electric vehicles represent a small percentage of new automobiles sold around the world and cars on the road, but that percentage is expected to increase in a big way over the next several years. To access this quickly developing market, investors have a number of electric vehicle-specific ETF options to choose from, including the KraneShares Electric Vehicles and Future Mobility ETF (KARS) , Global X Autonomous & Electric Vehicles ETF (DRIV) and Innovation Shares NextGen Vehicles & Technology ETF (EKAR) . “The International Energy Agency's (IEA) new Global Electric Vehicles Outlook projects global EV sales to hit 22 million by 2030, under its new policies scenario, which assumes no policy changes.
This exchange-traded fund uses a proprietary algorithm to identify companies with exposure to electronic vehicles, electric vehicle components and autonomous vehicle technology, explain ETF expert Jim Woods, editor of The Deep Woods.
With the automotive industry evolving, investors are hearing more and more about autonomous and electric vehicles. Several exchange traded funds are dedicated to those themes, including the Global X Autonomous & Electric Vehicles ETF (DRIV) . DRIV debuted just over a year ago and tracks the Solactive Autonomous & Electric Vehicles Index.