NIO Inc. (NYSE:NIO) saw an upside of 2.62% to close Monday at $10.95 after adding $0.28 on the day. The 5-day average trading volume is 65,365,922 shares of the company’s common stock. It has gained $12.40 in the past week and touched a new high 2 times within the past 5 days. An average of 79,853,250 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 68,952,156.
NIO’s 1-month performance is 3.50% or $0.37 on its low of $10.53 reached on 08/21/23. 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 12.31% or $1.20 and has reached a new high 14 times. However, the current price is down -51.85% from the 52-week high price.
Valuation Metrics
NIO stock has a beta of 2.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.90 while the price-to-book (PB) in the most recent quarter is 6.72.
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 trailing 12-month EBITDA margin is -24.78%. The firm’s gross profit as reported stood at $745.81 million against revenue of $7.14 billion.
Earnings Surprise
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 21 August was 31.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.74%.
The stock’s 5-day moving average is $11.27, reflecting a -12.54% or -$1.57 change from its current price. NIO is currently trading -6.65% above its 20-day SMA, +19.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +40.56% and SMA200 by+12.77%.
Stochastic %K and %D was 5.07% and 5.11% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 39.91%, while the 14-day stochastic is at 7.35% with the period’s ATR at 0.86. The stock’s 9-day MACD Oscillator is pointing at -1.01 and -1.97 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. Analysts offering their rating for NIO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NIO as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 22 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 $45.84 and a high of $151.16, with their median price target at $84.78. Looking at these predictions, the average price target given by analysts is for NIO Inc. (NIO) stock is $92.77.
