NIO Inc. (NYSE:NIO) currently has a daily average trading volume of 45.93M but it saw 27573246 shares traded on Thursday. With a market cap of 14.67B USD, stock’s current market price of $8.50 came rising about 3.03 while comparing to the previous closing price of $8.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.43 and as low as $8.03. In the recent trading on the day, stock has struck highest price mark of $8.54 while lowest mark touched by it was $8.10.
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Taking a look at 20-day trading activity of NIO Inc. (NIO) gives us an average price of $9.22, while its current price level is -65.21% below from 52-week high level whereas it is 5.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.43 while that of 200 days or SMA-200 reads an average of $14.84. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.01% during that period while stretching the period over a month that increases to 5.15%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.15 which implies that the stock is in neutral territory.
NIO Inc. (NIO)’s stock is currently under the radar of 33 analysts who are in consensus at a 12-month price target range of between $55.20 and $172.15 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $55.20 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $172.15. Average price target assigned by them is $93.37 which highlights an upside potential of 90.9% for the stock over that period. And to attain the median price target of $86.07 assigned by those analysts, stock has to add about 90.12% of value to its current levels.
Data by FactSet Research shows that 33 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 3 are advising it as an Overweight. 20 analysts suggested the investors to Buy the stock while 9 advised them to Hold.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which downgraded the stock as “Neutral” in its note to investors issued on March 02, 2023, recommending a price target of between $14 and $10 for it. Barclays downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on March 02, 2023 while assigning a price target range of $18-$10. Jefferies issued its recommendations for the stock as it resumed the price target for the stock is $11.27.
Over the week, NIO’s stock price is moving -3.30% down while it is -17.56% when we observe its performance for the past one month. Year-to-date it is -12.82% down and over the past year, the stock is showing a downside performance of -43.07%.
The company is expected to be releasing its next quarterly report in 05/31/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, NIO Inc.’s total number of outstanding shares is 1.64B with 0.00% of that held by the insiders while 36.92% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -38.90% and return on equity (ROE) at -48.90%. Stock’s beta reads 1.93. Stock has a price to book (P/B) ratio of 4.07 while price to sale or P/S ratio amounts to 2.07. Its return on asset (ROA) is -15.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard International Growth Fun came shrinking its share ownership by 26.35% in the NIO Inc. (NIO) increasing its stake to 2.50% with control over 8.05 million shares in the company. In the most recent quarter, Government Pension Fund – Global came rising its stake by 14.27% in the company and now holds 17.01 million or 1.10% of the company’s stake having worth of about 159.75 million.
