A Technical View of the NIO Inc. (NIO)

NIO Inc. (NYSE:NIO) saw a downside of -0.44% to close Friday at $35.83 after subtracting -$0.16 on the day. The 5-day average trading volume is 37,999,480 shares of the company’s common stock. It has gained $36.64 in the past week. An average of 34,181,434 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 39,130,453.

NIO’s 1-month performance is -6.81% or -$2.31 on its low of $33.17 reached on 10/06/21. The company’s shares have touched a 52-week low of $21.17 and high of $66.99, with the stock’s rally to the 52-week high happening on 01/11/21. YTD, NIO has lost -26.49% or -$12.91. However, the current price is down -46.51%% from the 52-week high price.

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Valuation Metrics

NIO Inc. (NIO) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 20.34 for the sector.NIO stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.77 while the price-to-book (PB) in the most recent quarter is 13.73.

NIO Inc.’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.50 meaning that NIO stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.59. In terms of profitability, the gross margin trailing 12 months is 17.60%. The trailing 12-month EBITDA margin is -18.49% while for the period ending June 29; NIO Inc.’s operating margin was -10.60%. The firm’s gross profit as reported stood at $287.11 million against revenue of $2.49 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, NIO Inc.’s cash and short-term investments amounted to $605.48 million against total debt of $17.32 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 54.89% to $2.49 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NIO to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.07, representing a 36.40% surprise. EBITDA for the quarter stood at more than -$118.22 million. NIO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.07 billion, with total debt at $17.32 billion

Technical Picture

Let’s look briefly at NIO Inc. (NIO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 51.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.24%.

The stock’s 5-day moving average is $34.55, reflecting a +1.27% or $0.45 change from its current price. NIO is currently trading -5.66% above its 20-day SMA, +4.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.93% and -24.70% respectively.

Stochastic %K and %D was 51.04% and 30.92% and the average true range (ATR) pointed at 1.51. The RSI (14) points at 46.93%, while the 14-day stochastic is at 68.91% with the period’s ATR at 1.57. The stock’s 9-day MACD Oscillator is pointing at 0.28 and -0.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for NIO Inc. (NYSE: NIO), Goldman upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NIO stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate NIO as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 17 have offered a “buy” rating.

What is NIO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $110.11 and a high of $593.61, with their median price target at $381.53. Looking at these predictions, the average price target given by analysts is for NIO Inc. (NIO) stock is $385.62.


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