NIO Inc ADR (NYSE:NIO) finished Thursday with an addition of $0.45 to close at $8.91, an upside of 5.32 percent. An average of 42,847,340 shares of common stock have been traded in the last five days. There was a gain of $0.46 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 53,313,059 shares traded, while the 50-day average volume stands at 63,705,820.
NIO stock has decreased by -18.18% in the last month. The company shares reached their 1-month lowest point of $7.93 on 09/26/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $7.00 and a high of $17.46 in 52 weeks. It has reached a new high 14 times so far this year and lost -8.62% or -$0.84 in price. In spite of this, the price is down -48.97% from the 52-week high.
Valuation Metrics
NIO Inc ADR (NIO) stock’s beta is 2.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.95, the price-to-book (PB) ratio at 7.48.
Financial Health
The quick ratio of NIO Inc ADR for the recent quarter was 0.82, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.04 and a total debt to equity ratio of 1.96 for the recent quarter. NIO Inc ADR’s EBITDA margin is -24.78%, while its operating margin for the same period stands at -45.86%. Its gross profit as reported stood at $745.81 million compared to revenue of $7.14 billion.
Earnings Surprise
For the recent quarter, NIO Inc ADR had $1.58 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 -$2.11 billion in the quarter, while revenues were grew 21.41%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NIO Inc ADR (NIO) price momentum. RSI 9-day as of the close on 28 September was 40.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 102.88%.
As of today, NIO’s price is $8.53 +5.44% or $0.46 from its 5-day moving average. NIO is currently trading -16.49% lower than its 20-day SMA and +9.33% higher than its 100-day SMA. However, the stock’s current price level is -16.26% below the SMA50 and -29.45% below the SMA200.
The stochastic %K and %D were 22.62% and 17.04%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 33.33% and the average true range at 0.61, the RSI (14) stands at 38.96%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.73.
Analyst Ratings
Nomura downgraded NIO Inc ADR (NYSE: NIO) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for NIO Inc ADR (NIO) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell NIO, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 20 others rate it as a “buy”.
What is NIO’s price target for the next 12 months?
Analysts predict a range of price targets between $52.04 and $158.96, with a median target of $93.36. Taking a look at these predictions, the average price target given by analysts for NIO Inc ADR (NIO) stock is $96.03.
