NIO Inc. (NYSE:NIO) finished Wednesday with an addition of $0.73 to close at $36.24, an upside of 2.06 percent. An average of 37,067,320 shares of common stock have been traded in the last five days. There was a gain of $2.58 in the past week. The last 20 days have seen an average of 33,640,035 shares traded, while the 50-day average volume stands at 37,225,320.
NIO stock has decreased by -4.35% in the last month. The company shares reached their 1-month lowest point of $33.17 on 10/06/21. With the stock rallying to its 52-week high on 01/11/21, shares of the company touched a low of $21.17 and a high of $66.99 in 52 weeks. In spite of this, the price is down -45.90% from the 52-week high.
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NIO Inc. (NIO) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 31.09 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.93, the price-to-book (PB) ratio at 13.89.
The quick ratio of NIO Inc. for the three months ended June 29 was 2.40, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.59 for the quarter ending June 29. NIO Inc.’s EBITDA margin for the year ending June 29 is -18.49%, while its operating margin for the same period stands at -10.60%. Its gross profit as reported stood at $287.11 million compared to revenue of $2.49 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NIO Inc.’s return on assets was -15.20%, compared to -113.2% over the last five years. For the broader industry, ROE averaged 10.14 over the past year.
For the three-month period that ended June 29, NIO Inc. had $605.48 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.49 billion in the quarter, while revenues of $0.0 were grew 54.89%. The analyst consensus anticipated NIO Inc.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.07, a 36.40% surprise. For the quarter, EBITDA amounted to -$118.22 million.
From a technical analysis perspective, let’s take a brief look at NIO Inc. (NIO) price momentum. RSI 9-day as of the close on 13 October was 54.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.83%.
As of today, NIO’s price is $35.84 +7.66% or $2.58 from its 5-day moving average. NIO is currently trading -4.71% lower than its 20-day SMA and +6.40% higher than its 100-day SMA. However, the stock’s current price level is -18.69% below the SMA50 and -17.75% below the SMA200.
The stochastic %K and %D were 68.05% and 67.07%, respectively, and the average true range (ATR) was 1.37. With the 14-day stochastic at 79.53% and the average true range at 1.46, the RSI (14) stands at 49.34%. The stock has reached 0.74 on the 9-day MACD Oscillator while the 14-day reading was at 0.55.
Goldman upgraded NIO Inc. (NYSE: NIO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for NIO Inc. (NIO) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NIO, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 18 others rate it as a “buy”.
What is NIO’s price target for the next 12 months?
Analysts predict a range of price targets between $110.11 and $593.61, with a median target of $375.67. Taking a look at these predictions, the average price target given by analysts for NIO Inc. (NIO) stock is $381.03.