NIO Inc. [NIO] moved down -2.40: Why It’s Important

NIO Inc. [NYSE: NIO] plunged by -$0.24 during the normal trading session on Friday and reaching a high of $9.98 during the day while it closed the day at $9.75. The company report on January 1, 2023 that NIO Inc. Provides December, Fourth Quarter and Full Year 2022 Delivery Update.

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Company Achieved New Record-High Monthly and Quarterly Deliveries.

NIO delivered 15,815 vehicles in December 2022, increasing by 50.8% year-over-year.

NIO Inc. stock has also loss -13.64% of its value over the past 7 days. However, NIO stock has declined by -38.17% in the 3 months of the year. Over the past six months meanwhile, it has lost -54.35% and lost -69.22% year-on date.

The market cap for NIO stock reached $16.69 billion, with 1.64 billion shares outstanding and 1.51 billion shares in the current float. Compared to the average trading volume of 60.81M shares, NIO reached a trading volume of 40581682 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $19.51 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 1.80. 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.

Jefferies have made an estimate for NIO Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 28, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $32 to $13. The new note on the price target was released on November 17, 2022, representing the official price target for NIO Inc. stock. Previously, the target price had yet another drop from $24.30 to $12.30, while China Renaissance kept a Hold rating on NIO stock.

The Average True Range (ATR) for NIO Inc. is set at 0.83, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 2.70. The Price to Book ratio for the last quarter was 3.82, with the Price to Cash per share for the same quarter was set at 3.76.

NIO stock trade performance evaluation

NIO Inc. [NIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.64. With this latest performance, NIO shares dropped by -23.71% in over the last four-week period, additionally sinking by -54.35% over the last 6 months – not to mention a drop of -69.93% 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 37.16, with the RSI for the last a single of trading hit 30.61, and the three-weeks RSI is set at 40.17 for NIO Inc. [NIO]. The present Moving Average for the last 50 days of trading for this stock 11.01, while it was recorded at 10.11 for the last single week of trading, and 16.81 for the last 200 days.

NIO Inc. [NIO]: An insightful look at the core 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 1.40 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for NIO Inc. [NIO] stock

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 Ownership positions

There are presently around $4,938 million, or 35.70% of NIO stock, in the hands of institutional investors. The top three institutional holders of NIO stocks are: BAILLIE GIFFORD & CO with ownership of 96,781,178, which is approximately 0.052% of the company’s market cap and around 0.47% of the total institutional ownership; BLACKROCK INC., holding 62,063,468 shares of the stock with an approximate value of $605.12 million in NIO stocks shares; and VANGUARD GROUP INC, currently with $500.86 million in NIO stock with ownership of nearly 2.215% of the company’s market capitalization.

Positions in NIO Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 202 institutional holders increased their position in NIO Inc. [NYSE:NIO] by around 31,316,322 shares. Additionally, 219 investors decreased positions by around 65,297,919 shares, while 140 investors held positions by with 409,802,938 shares. The mentioned changes placed institutional holdings at 506,417,179 shares, according to the latest SEC report filing. NIO stock had 36 new institutional investments in for a total of 5,815,692 shares, while 62 institutional investors sold positions of 7,210,616 shares during the same period.

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