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Nio stock surged over 8% today from news that could lower the company's cash burn. Is it time to load up?
Nio (NIO 8.72%) rallied over 8% today, but the stock is still down 47% over the past year. Is Nio stock a buy now, or is more pain ahead? The video below shares Nio stock analysis, earnings, news, commentary, valuation metrics, technical analysis, and NIO stock price targets.
*Stock prices used were the afternoon prices of June 12, 2023. The video was published on June 12, 2023.
Eric Cuka has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nio. The Motley Fool has a disclosure policy. Eric Cuka is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel.
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