Nio Inc (NIO):
3 Tiny Stocks Primed to Explode
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NIO, a Chinese EV (electric vehicle) automobile manufacturing company with headquarters in china has shown immense promise in the last year. 52-Week low was recorded $2.11 and high $66.99, this clearly indicates how rapidly the price has gone up in the last year. Currently they have four really good-looking cars in the market with many more in the making. NIO stock is dropped on February 9th. There is no obvious reason for that, it can be speculated it was due to sell-off that affected other hot investments such as Bitcoin and Tesla.
There are good reasons to be optimistic about NIO in long-term. NIO has sold 43,000 vehicles in 2020. NIO market capital is still twofold to that of ford. NIO’s market capital is $77.06 billion while Ford’s market capital is $46.23 billion. Their balance sheet shows a very good current ratio 2.42, which implies they can meet their short terms goals with relative ease. Currently NIO’s stock stands at $51.35 a share.
On scale of 1-5 expert rated NIO 2.4, with 1 being a strong buy and 5 being sell, so it stands somewhere between buy and hold. It’s price to sales ratio is higher than that of Tesla.
In China 1 million EV cars were sold last year, this number is still very small considering where EV industry would be in next decade.
Square Inc (SQ):
Square is an American financial technology company from California that makes point-of-sale software, hardware and also offers market and financial services. Right now, they are trading at $239.00, 52 weeks low of $32.33 and high of $246.00. This massive gap shows the immense growth in the last year. It has a market capital of $106.895 billion with a PE ratio $509.95; which is immensely high. It has a profit margin of 4.05%. Their current ratio is 1.8, which is really good as well.
Experts rate Square also 2.4 on the scale of buy/sell scale. The digital payment market can reach 2 trillion dollars by 2026, and Square seems to have a real upside there.
ARK Innovation ETF (ARKK):
It is a not a single company stock rather an exchange trade fund, that incorporates multiple high innovation companies. It gives a great growth potential and is risk averse as well. Looking at ARKK stock over the past year, looking at the price chart we see that trend is straight upward, with a 52-week low being $33.0 and 52-week high being 159.70. It is currently trading at $137.82, it opened at $138.44. For ETFs you have to see which business segment is leading, and looking at their sectors; healthcare is topping by 31.28%, followed by communication services and technology with 26.94% and 20.56%. Their top holding is Tesla (TSLA) at 9.56%.
