Porter Stansberry Warns: Nvidia Shares Could Drop By 50%
It happened in 2000... it happened in 2008... it happened in 2021... and now... the great NVIDIA collapse of 2024 is coming. In this new exposé, Porter Stansberry reveals why the tech giant is poised to topple...
| Open | 4.6 | Prev Close | 4.84 |
| High | 4.92 | Low | 4.59 |
| Volume | 54,962,295 | Volume (Avg) | 63,664,595 |
| 52 Week High | 66.99 | 52 Week Low | 2.15 |
| Market Cap | 66.5B | PE Ratio | -2.10 |
General
| Name | NIO Limited |
| Ticker | NIO |
| Exchange | NYSE |
| Sector | Consumer Cyclical |
| Industry | Auto Manufacturers |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
About NIO Limited
NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. Further, it provides value-added services, such as statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance services; courtesy car services during lengthy repairs and maintenance; and roadside assistance, as well as data packages. NIO Limited has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles; and collaboration agreements with various manufacturers for the manufacture of ES8, a six or seven-seater high-performance electric SUV. The company was formerly known as NextEV Inc. and changed its name to NIO Limited in July 2017. NIO Limited was founded in 2014 and is headquartered in Shanghai, China.
Highlights
| Analyst Target | 57.57 |
| Market Cap | 66,503,098,368 |
| PE Ratio | -2.10 |
Valuation
| Price/Sales (Trailing 12 Mt.) | 21.17 |
| Price/Book (Most Recent Quarter) | 16.70 |
Technicals
| Beta | 2.73 |
| 52 Week High | 66.99 |
| 52 Week Low | 2.15 |
| 50 Day Average | 51.02 |
| 200 Day Average | 40.94 |
Earnings
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