NIO Inc. [NYSE: NIO] price surged by 0.71 percent to reach at $0.26. The company report on May 1, 2021 that NIO Inc. Provides April 2021 Delivery Update.
NIO delivered 7,102 vehicles in April 2021, increasing by 125.1% year-over-year.
Cumulative deliveries of the ES8, ES6 and EC6 as of April 30, 2021 reached 102,803.
A sum of 55376503 shares traded at recent session while its average daily volume was at 95.04M shares. NIO Inc. shares reached a high of $38.04 and dropped to a low of $36.62 until finishing in the latest session at $36.94.
The one-year NIO stock forecast points to a potential upside of 32.44. The average equity rating for NIO stock is currently 2.30, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on NIO Inc. [NIO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NIO shares is $54.68 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 2.30. 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.
CLSA have made an estimate for NIO Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 23, 2021. While these analysts kept the previous recommendation, Mizuho raised their target price to Buy. The new note on the price target was released on March 11, 2021, representing the official price target for NIO Inc. stock. Previously, the target price had yet another raise from $33 to $80, while Morgan Stanley kept a Overweight rating on NIO stock.
The Average True Range (ATR) for NIO Inc. is set at 2.20, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 23.58. The Price to Book ratio for the last quarter was 11.84, with the Price to Cash per share for the same quarter was set at 4.08.
NIO Stock Performance Analysis:
NIO Inc. [NIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.28. With this latest performance, NIO shares dropped by -4.55% in over the last four-week period, additionally sinking by -2.04% over the last 6 months – not to mention a rise of 917.63% 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 41.99, with the RSI for the last a single of trading hit 38.77, and the three-weeks RSI is set at 43.08 for NIO Inc. [NIO]. The present Moving Average for the last 50 days of trading for this stock 39.92, while it was recorded at 37.76 for the last single week of trading, and 36.93 for the last 200 days.
Insight into NIO Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and NIO Inc. [NIO] shares currently have an operating margin of -27.97 and a Gross Margin at +7.95. NIO Inc.’s Net Margin is presently recorded at -34.51.
Return on Total Capital for NIO is now -18.37, given the latest momentum, and Return on Invested Capital for the company is -29.08. Return on Equity for this stock declined to -50.02, with Return on Assets sitting at -15.56. When it comes to the capital structure of this company, NIO Inc. [NIO] has a Total Debt to Total Equity ratio set at 35.04. Additionally, NIO Total Debt to Total Capital is recorded at 25.95, with Total Debt to Total Assets ending up at 17.42. Long-Term Debt to Equity for the company is recorded at 25.80, with the Long-Term Debt to Total Capital now at 19.10.
Receivables Turnover for the company is 5.94 with a Total Asset Turnover recorded at a value of 0.45.NIO Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.30.
NIO Stock EPS
With the latest financial reports released by the company, NIO Inc. posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.28/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 35.70%. 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 Inc. go to -0.15%.
NIO Inc. [NIO] Insider Position Details
There are presently around $17,092 million, or 36.60% of NIO stock, in the hands of institutional investors. The top three institutional holders of NIO stocks are: BAILLIE GIFFORD & CO with ownership of 92,019,761, which is approximately -14.724% of the company’s market cap and around 0.53% of the total institutional ownership; BLACKROCK INC., holding 62,612,159 shares of the stock with an approximate value of $2.3 billion in NIO stocks shares; and VANGUARD GROUP INC, currently with $1.46 billion in NIO stock with ownership of nearly 16.592% of the company’s market capitalization.
Positions in NIO Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 411 institutional holders increased their position in NIO Inc. [NYSE:NIO] by around 92,631,878 shares. Additionally, 191 investors decreased positions by around 92,582,487 shares, while 46 investors held positions by with 280,768,128 shares. The mentioned changes placed institutional holdings at 465,982,493 shares, according to the latest SEC report filing. NIO stock had 196 new institutional investments in for a total of 18,152,355 shares, while 81 institutional investors sold positions of 24,629,410 shares during the same period.