As of Thursday close, NIO Inc.’s (NYSE:NIO) stock was down -$0.4, moving down -3.75 percent to $10.27. The average number of shares traded per day over the past five days has been 59,060,258 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.37 fall in that time frame. In the last twenty days, the average volume was 58,043,879, while in the previous 50 days, it was 63,254,281.
Since last month, NIO stock retreated -29.51%. Shares of the company fell to $9.46 on 08/29/23, the lowest level in the past month. A 52-week high of $22.74 was reached on 08/04/23 after having rallying from a 52-week low of $7.00. Since the beginning of this year, NIO’s stock price has risen by 5.33% or $0.52, and marked a new high 14 times. However, the stock has declined by -54.84% since its 52-week high.
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Valuation Metrics
The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 2.48, the price-to-book (PB) ratio of 6.30.
Financial Health
In the recent quarter, NIO Inc.’s quick ratio stood at 1.10, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.58, and the total debt-to-equity ratio was 0.97. On the profitability front, the trailing twelve-month gross margin is 7.70% percent. In the recent year, EBITDA margin amounted to -24.78%, whereas operating margins totaled -36.80%. Based on annual data, NIO earned $745.81 million in gross profit and brought in $7.14 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -38.80%. Return on equity (ROE) for the past 12 months was -66.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NIO’s revenue rose 20.62% during the quarter, while net income inched up to $7.14 billion. During the quarter, the company generated -$837.66 million in EBITDA. The liabilities of NIO Inc. were 10.03 billion at the end of its most recent quarter, and its total debt was $28.39 billion.
Technical Picture
This quick technical analysis looks at NIO Inc.’s (NIO) price momentum. With a historical volatility rate of 32.12%, the RSI 9-day stood at 28.57% on 31 August.
With respect to its five-day moving average, the current NIO Inc. price is down by -3.48% percent or -$0.37. At present, NIO shares trade -33.57% below its 20-day simple moving average and +13.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.23% above its SMA50 and -11.16% below its SMA200.
Stochastic coefficient K was 30.65% and Stochastic coefficient D was 25.40%, while ATR was 0.75. Given the Stochastic reading of 26.17% for the 14-day period, the RSI (14) reading has been calculated as 36.13%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.45.
Analyst Ratings
NIO Inc. downgraded its rating on NIO Inc. (NYSE: NIO) to a Neutral in a note to investors on June 12, 2023. The analysts firm previously had a Buy rating on the stock.NIO Inc. (NIO) has been rated Overweight by analysts. According to 2 brokerage firms, NIO is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate NIO Inc. stock as buy, with 22 recommending it as overweight.
With a median target price of $93.03, the current consensus forecast for the stock is $52.04 – $158.96. Based on these forecasts, analysts predict NIO Inc. (NIO) will achieve an average price target of $96.35.
