The stock of NIO Inc. (NYSE:NIO) increased by $0.19 on Monday to finish at $11.02, up 1.75 percent. The last five days have seen an average of 34,967,559 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $1.27. The average number of shares traded over the last 20 days was 59,777,734, while the average volume over the last 50 days totaled 62,831,094.
NIO stock dropped -25.24% since last month. On 08/25/23, the company’s shares reached a one-month low of $10.48. The stock touched a high of $22.74 on 08/04/23, after rallying from a low of $7.00 in 52 weeks. The price of NIO stock has risen by 13.03% or $1.27 this year, reaching a new high 14 times. Still, the stock price is down -51.54% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.09. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.66, the price-to-book (PB) ratio of 6.76.
Financial Health
For the recent quarter, NIO Inc.’s quick ratio was 1.10, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.58, and the total debt to equity ratio is 0.97. As far as profitability goes, gross margin for the trailing twelve months is 7.70% percent. NIO Inc.’s EBITDA margin for the recent year was -24.78%, whereas its operating margin stood at -36.80% for the same period. Based on annual data, it had gross profit of $745.81 million and revenue of $7.14 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NIO’s return on assets (ROA) during the last 12 months has been -18.60%. There was a -38.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -66.90%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $7.14 billion, while revenues rose by 20.62% to $0.0. EBITDA was -$744.34 million for the quarter. At the end of NIO Inc.’s most recent quarter, its liabilities totaled 10.12 billion, while its total debt was $28.4 billion.
Technical Picture
Here’s a quick look at NIO Inc.’s (NIO) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 38.06%, suggesting the stock is Neutral, with a 47.98% historical volatility rate.
The stochastic %K and %D were 9.10% and 6.59% respectively, while the average true range (ATR) was 0.71. Based on the 14-day stochastic reading of 14.84%, the RSI (14) reading is 42.38%. On the 9-day MACD Oscillator, the stock is at -0.13, and the 14-day reading is at -0.78.
Analyst Ratings
NIO Inc. (NYSE: NIO) was downgraded by Nomura to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned NIO Inc. (NIO) an Overweight rating. NIO is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 22 others recommend it as a buy.
What is NIO’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.84 and $151.16, with a median target price of $84.78. In analyzing these forecasts, the average price target given by analysts for NIO Inc. (NIO) is $92.77.
