NIO Inc. [NIO] Revenue clocked in at $5.63 billion, down -38.98% YTD: What’s Next?

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NIO Inc. [NYSE: NIO] jumped around 0.09 points on Monday, while shares priced at $19.33 at the close of the session, up 0.47%. The company report on July 11, 2022 that NIO Inc. Provides Update on Response to Short Seller Report.


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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 that following its previous statement in response to the allegations made in a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the “Short Seller Report”), the Company’s board of directors (the “Board”), including the audit committee of the Board, after having reviewed the allegations, at the recommendation of the management of the Company and in order to protect the interests of all shareholders, has decided to form an independent committee (the “Independent Committee”), consisting of independent directors Mr. Denny Ting Bun Lee, Mr. Hai Wu, and Ms. Yu Long, to oversee an independent investigation regarding the allegations made in the Short Seller Report (the “Independent Investigation”). The Independent Committee has retained independent professional advisors to assist with the Independent Investigation, including an international law firm and a well-regarded forensic accounting firm.

The Company will provide updates on the Independent Investigation in due course consistent with the requirements of applicable rules and regulations of the Securities and Exchange Commission, the New York Stock Exchange, The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”).

NIO Inc. stock is now -38.98% down from its year-to-date (YTD) trading value. NIO Stock saw the intraday high of $19.50 and lowest of $18.77 per share. The company’s 52-week high price is 46.78, which means current price is +65.64% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 65.54M shares, NIO reached a trading volume of 30119847 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $36.35 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 1.44, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 6.17. The Price to Book ratio for the last quarter was 6.26, with the Price to Cash per share for the same quarter was set at 4.07.

How has NIO stock performed recently?

NIO Inc. [NIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.25. With this latest performance, NIO shares dropped by -16.14% in over the last four-week period, additionally sinking by -29.32% over the last 6 months – not to mention a drop of -56.06% 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 43.52, with the RSI for the last a single of trading hit 36.90, and the three-weeks RSI is set at 46.88 for NIO Inc. [NIO]. The present Moving Average for the last 50 days of trading for this stock 19.28, while it was recorded at 19.96 for the last single week of trading, and 25.74 for the last 200 days.

NIO Inc. [NIO]: Deeper insight into the fundamentals

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.

Earnings analysis for NIO Inc. [NIO]

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%.

Insider trade positions for NIO Inc. [NIO]

There are presently around $10,428 million, or 37.50% 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 $1.25 billion in NIO stocks shares; and VANGUARD GROUP INC, currently with $948.35 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 September and at the time of the September reporting period, where 241 institutional holders increased their position in NIO Inc. [NYSE:NIO] by around 57,671,891 shares. Additionally, 281 investors decreased positions by around 58,833,980 shares, while 118 investors held positions by with 422,957,142 shares. The mentioned changes placed institutional holdings at 539,463,013 shares, according to the latest SEC report filing. NIO stock had 60 new institutional investments in for a total of 13,982,042 shares, while 119 institutional investors sold positions of 12,931,423 shares during the same period.

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