NIO Inc. (NYSE:NIO) saw an upside of 0.68% to close Monday at $14.82 after adding $0.1 on the day. The 5-day average trading volume is 79,072,539 shares of the company’s common stock. It has gained $16.18 in the past week and touched a new high 3 times within the past 5 days. An average of 74,754,680 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 68,617,969.
NIO’s 1-month performance is 48.35% or $4.83 on its low of $9.79 reached on 07/10/23. The company’s shares have touched a 52-week low of $7.00 and high of $22.74, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, NIO has achieved 52.00% or $5.07 and has reached a new high 14 times. However, the current price is down -34.83% from the 52-week high price.
Valuation Metrics
NIO stock has a beta of 2.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.76 while the price-to-book (PB) in the most recent quarter is 8.93.
NIO Inc.’s quick ratio for the recent period was 1.10, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 7.70%. The firm’s gross profit as reported stood at $745.81 million against revenue of $7.14 billion.
Earnings Surprise
NIO Inc.’s cash and short-term investments amounted to $2.78 billion against total debt of $28.4 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 21.41% to -$2.11 billion, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than -$744.34 million. NIO stock balance sheet for the recent quarter shows that total liabilities totaled 10.12 billion, with total debt at $28.4 billion.
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 07 August was 69.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.52%.
The stock’s 5-day moving average is $14.84, reflecting a -3.14% or -$0.48 change from its current price. NIO is currently trading +37.48% above its 20-day SMA, +76.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +87.12% and SMA200 by+21.38%.
Stochastic %K and %D was 81.87% and 84.14% and the average true range (ATR) pointed at 0.97. The RSI (14) points at 70.37%, while the 14-day stochastic is at 77.18% with the period’s ATR at 0.88. The stock’s 9-day MACD Oscillator is pointing at 0.48 and 1.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NIO Inc. (NYSE: NIO), Nomura downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
