Nio's Stock Is About the Cheapest It's Ever Been. 1 Thing to Know Before You Buy.
Nio is a dirt cheap EV stock to buy now.
Nio (NYSE: NIO) stock has lost a staggering 41% of its value in just the past six months and is barely 6% away from its 52-week low, as of the time of this writing.
At its current price, Nio stock is the cheapest it's ever been, trading at an only 0.8 times price-to-sales (P/S) ratio against its five-year average P/S of 2.5. That's a dirt cheap price to pay for an electric vehicle (EV) maker that's steadily growing its revenue in the world's largest EV market, China.
But then the question is, why has Nio stock crashed despite growing its sales? That's something about Nio you must know before you buy the stock.
