Nio completes internal review, finds no substantiation for allegations by Grizzly Research

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Nio Intrinsic Value – Nio($NYSE:NIO), Inc has announced that it has substantially completed an independent internal review and has found no substantiation for allegations raised by short-seller firm Grizzly Research. This news is likely to positively affect Nio’s market and earnings in the long term. Nio’s share price has been volatile in recent months due to the allegations made by Grizzly Research. However, the completion of this internal review is likely to give investors more confidence in the company. Nio is a leading player in the electric vehicle market and is expected to continue to grow at a rapid pace. This positive news is likely to boost Nio’s share price in the long term.

Market Price

On Friday, NIO stock opened at $20.8 and closed at $19.9.

VI Analysis – Nio Intrinsic Value

NIO’s fundamentals reflect its long term potential, and the company’s VI app makes it easy to analyze this potential. The fair value of NIO shares is around $33.5, as calculated by VI Line. However, the current stock price of $19.9 represents a 41% discount to this fair value, making NIO an attractively undervalued investment at present.

Summary

Nio’s review, conducted with the assistance of external legal counsel and accounting advisors, found no evidence to support any of the allegations made by Grizzly Research. Nio remains committed to maintaining the highest standards of corporate governance and will continue to provide timely and accurate disclosures in accordance with applicable laws and regulations.