NIO Inc. [NIO] stock Upgrade by BofA Securities analyst, price target now $26

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NIO Inc. [NYSE: NIO] loss -3.61% or -0.68 points to close at $18.14 with a heavy trading volume of 61084506 shares. The company report on June 9, 2022 that UPDATE — NIO Inc. Reports Unaudited First Quarter 2022 Financial Results.


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Quarterly Total Revenues reached RMB9,910.6 million (US$1,563.4 million)iQuarterly Deliveries of the ES8, the ES6, the EC6 and the ET7 were 25,768 vehicles.

NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its unaudited financial results for the first quarter ended March 31, 2022.

It opened the trading session at $18.86, the shares rose to $19.1799 and dropped to $17.81, the range by which the price of stock traded the whole day. The daily chart for NIO points out that the company has recorded -46.73% loss over the past six months. However, it is still -55.44% lower than its most recent low trading price.

If we look at the average trading volume of 75.88M shares, NIO reached to a volume of 61084506 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $40.61 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 1.70. 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.

BofA Securities have made an estimate for NIO Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $42 to $32. The new note on the price target was released on April 04, 2022, representing the official price target for NIO Inc. stock. Previously, the target price had yet another raise to $32.40, while China Renaissance analysts kept a Buy rating on NIO stock.

The Average True Range (ATR) for NIO Inc. is set at 1.47, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 5.11. The Price to Book ratio for the last quarter was 5.81, with the Price to Cash per share for the same quarter was set at 4.61.

Trading performance analysis for NIO stock

NIO Inc. [NIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.33. With this latest performance, NIO shares gained by 42.72% in over the last four-week period, additionally sinking by -46.73% over the last 6 months – not to mention a drop of -60.29% 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 53.10, with the RSI for the last a single of trading hit 52.92, and the three-weeks RSI is set at 51.60 for NIO Inc. [NIO]. The present Moving Average for the last 50 days of trading for this stock 17.66, while it was recorded at 19.23 for the last single week of trading, and 28.05 for the last 200 days.

NIO Inc. [NIO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and NIO Inc. [NIO] shares currently have an operating margin of -12.86 and a Gross Margin at +17.35. NIO Inc.’s Net Margin is presently recorded at -29.26.

Return on Total Capital for NIO is now -9.32, given the latest momentum, and Return on Invested Capital for the company is -26.07. Return on Equity for this stock declined to -34.13, with Return on Assets sitting at -15.34. When it comes to the capital structure of this company, NIO Inc. [NIO] has a Total Debt to Total Equity ratio set at 58.08. Additionally, NIO Total Debt to Total Capital is recorded at 36.74, with Total Debt to Total Assets ending up at 24.32. Long-Term Debt to Equity for the company is recorded at 34.83, with the Long-Term Debt to Total Capital now at 22.03.

Receivables Turnover for the company is 8.57 with a Total Asset Turnover recorded at a value of 0.52.NIO Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.00.

NIO Inc. [NIO]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at NIO Inc. [NIO]

There are presently around $9,795 million, or 36.80% of NIO stock, in the hands of institutional investors. The top three institutional holders of NIO stocks are: BAILLIE GIFFORD & CO with ownership of 88,750,621, which is approximately -0.121% of the company’s market cap and around 0.46% of the total institutional ownership; BLACKROCK INC., holding 64,586,965 shares of the stock with an approximate value of $1.17 billion in NIO stocks shares; and VANGUARD GROUP INC, currently with $889.97 million in NIO stock with ownership of nearly 4.855% of the company’s market capitalization.

Positions in NIO Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 260 institutional holders increased their position in NIO Inc. [NYSE:NIO] by around 57,624,187 shares. Additionally, 294 investors decreased positions by around 60,053,022 shares, while 108 investors held positions by with 422,287,516 shares. The mentioned changes placed institutional holdings at 539,964,725 shares, according to the latest SEC report filing. NIO stock had 66 new institutional investments in for a total of 13,336,930 shares, while 136 institutional investors sold positions of 13,390,953 shares during the same period.

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