Market Analysts see NIO Limited [NIO] gaining to $30. Time to buy?

NIO Limited [NYSE: NIO] price surged by 12.45 percent to reach at $6.13. The company report on November 18, 2020 that NIO Inc. Reports Unaudited Third Quarter 2020 Financial Results.

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Quarterly Total Revenues reached RMB4,526.0 million (US$666.6 million) iQuarterly Deliveries of the ES8, ES6 and EC6 were 12,206 vehiclesQuarterly Vehicle Margin reached 14.5%Quarterly Gross Margin reached 12.9%.

NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium smart electric vehicle market, announced its unaudited financial results for the quarter ended September 30, 2020.

A sum of 266856141 shares traded at recent session while its average daily volume was at 158.04M shares. NIO Limited shares reached a high of $55.70 and dropped to a low of $50.48 until finishing in the latest session at $55.38.

The one-year NIO stock forecast points to a potential downside of -74.7. The average equity rating for NIO stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on NIO Limited [NIO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NIO shares is $31.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NIO stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for NIO Limited shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 30, 2020. The new note on the price target was released on October 14, 2020, representing the official price target for NIO Limited stock. Previously, the target price had yet another raise to $24, while Deutsche Bank analysts kept a Buy rating on NIO stock.

The Average True Range (ATR) for NIO Limited is set at 4.26, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 39.17. The Price to Book ratio for the last quarter was 54.83, with the Price to Cash per share for the same quarter was set at 2.50.

NIO Stock Performance Analysis:

NIO Limited [NIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.50. With this latest performance, NIO shares gained by 103.90% in over the last four-week period, additionally plugging by 1228.06% over the last 6 months – not to mention a rise of 2754.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NIO stock in for the last two-week period is set at 78.43, with the RSI for the last a single of trading hit 79.82, and the three-weeks RSI is set at 76.99 for NIO Limited [NIO]. The present Moving Average for the last 50 days of trading for this stock 29.82, while it was recorded at 48.95 for the last single week of trading, and 13.22 for the last 200 days.

Insight into NIO Limited Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and NIO Limited [NIO] shares currently have an operating margin of -141.59 and a Gross Margin at -21.98. NIO Limited’s Net Margin is presently recorded at -145.86.

Return on Total Capital for NIO is now -128.15, given the latest momentum, and Return on Invested Capital for the company is -215.78. Return on Equity for this stock declined to -3,612.71, with Return on Assets sitting at -68.28. Additionally, NIO Total Debt to Total Capital is recorded at 243.19, with Total Debt to Total Assets ending up at 73.37.

Receivables Turnover for the company is 3.25 with a Total Asset Turnover recorded at a value of 0.47.NIO Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.40.

NIO Stock EPS

With the latest financial reports released by the company, NIO Limited posted -0.39/share EPS, while the average EPS was predicted by analysts to be reported at -0.26/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NIO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NIO Limited go to -0.15%.

NIO Limited [NIO] Insider Position Details

There are presently around $22,335 million, or 43.10% of NIO stock, in the hands of institutional investors. The top three institutional holders of NIO stocks are: BAILLIE GIFFORD & CO with ownership of 108,936,586, which is approximately 11.413% of the company’s market cap and around 0.67% of the total institutional ownership; BLACKROCK INC., holding 53,333,635 shares of the stock with an approximate value of $2.63 billion in NIO stocks shares; and VANGUARD GROUP INC, currently with $1.68 billion in NIO stock with ownership of nearly 19.083% of the company’s market capitalization.

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Positions in NIO Limited stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 291 institutional holders increased their position in NIO Limited [NYSE:NIO] by around 120,158,743 shares. Additionally, 116 investors decreased positions by around 71,063,362 shares, while 19 investors held positions by with 262,288,307 shares. The mentioned changes placed institutional holdings at 453,510,412 shares, according to the latest SEC report filing. NIO stock had 159 new institutional investments in for a total of 43,286,323 shares, while 47 institutional investors sold positions of 21,849,927 shares during the same period.

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