Analysts Issue Research Notes On NIO Inc. (NIO)

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RTX Stock
RTX Stock

NIO Inc. (NYSE:NIO) finished Thursday with an addition of $0.05 to close at $18.35, an upside of 0.27 percent. An average of 46,537,758 shares of common stock have been traded in the last five days. There was a fall of -$3.16 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 48,176,363 shares traded, while the 50-day average volume stands at 41,809,926.

NIO stock has increased by 0.33% in the last month. The company shares reached their 1-month lowest point of $16.54 on 09/07/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $11.67 and a high of $44.27 in 52 weeks. It has reached a new high 1 time so far this year and lost -42.08% or -$13.33 in price. In spite of this, the price is down -58.55% from the 52-week high.


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Valuation Metrics

NIO Inc. (NIO) stock’s beta is 1.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.73, the price-to-book (PB) ratio at 6.51.

Financial Health

The quick ratio of NIO Inc. for the three months ended June 29 was 1.80, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.63 for the quarter ending June 29. NIO Inc.’s EBITDA margin for the year ending June 29 is -6.37%, while its operating margin for the same period stands at -21.20%. Its gross profit as reported stood at $1.07 billion compared to revenue of $5.67 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 -11.50%.

Earnings Surprise

For the three-month period that ended June 29, NIO Inc. had $5.82 billion in cash and short-term investments compared to $1.53 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.66 billion in the quarter, while revenues were grew 48.17%. The analyst consensus anticipated NIO Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.19, a -11.80% surprise. For the quarter, EBITDA amounted to -$424.83 million.

Technical Picture

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 22 September was 38.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 98.13%.

As of today, NIO’s price is $19.62 -14.69% or -$3.16 from its 5-day moving average. NIO is currently trading -2.76% lower than its 20-day SMA and +9.88% higher than its 100-day SMA. However, the stock’s current price level is -12.99% below the SMA50 and -43.26% below the SMA200.

The stochastic %K and %D were 40.00% and 52.46%, respectively, and the average true range (ATR) was 1.37. With the 14-day stochastic at 29.19% and the average true range at 1.33, the RSI (14) stands at 42.33%. The stock has reached -1.57 on the 9-day MACD Oscillator while the 14-day reading was at -0.58.

Analyst Ratings

BofA Securities upgraded NIO Inc. (NYSE: NIO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.

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

Analysts predict a range of price targets between $135.07 and $464.39, with a median target of $199.24. Taking a look at these predictions, the average price target given by analysts for NIO Inc. (NIO) stock is $206.32.

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