NIO Inc. [NIO] is -14.56% lower this YTD. Is it still time to buy?

NIO Inc. [NYSE: NIO] stock went on an upward path that rose over 0.60% on Friday, amounting to a one-week price decrease of less than -10.14%. The company report on April 1, 2023 at 5:00 AM that NIO Inc. Provides March and First Quarter 2023 Delivery Update.

NIO Power Swap station 3.0.

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Over the last 12 months, NIO stock dropped by -54.10%. The one-year NIO Inc. stock forecast points to a potential upside of 45.09.

The market cap for the stock reached $13.83 billion, with 1.64 billion shares outstanding and 1.52 billion shares in the current float. Compared to the average trading volume of 44.23M shares, NIO stock reached a trading volume of 34188216 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on NIO Inc. [NIO]:

JP Morgan have made an estimate for NIO Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 02, 2023. While these analysts kept the previous recommendation, Barclays dropped their target price from $18 to $10. The new note on the price target was released on March 02, 2023, representing the official price target for NIO Inc. stock. Previously, the target price had yet another raise to $11.27, while Jefferies analysts kept a Hold rating on NIO stock. On November 17, 2022, analysts decreased their price target for NIO shares from 32 to 13.

The Average True Range (ATR) for NIO Inc. is set at 0.53, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 3.42.

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 -10.14. With this latest performance, NIO shares dropped by -8.36% in over the last four-week period, additionally sinking by -23.72% over the last 6 months – not to mention a drop of -54.10% 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 40.01, with the RSI for the last a single of trading hit 36.38, and the three-weeks RSI is set at 41.72 for NIO Inc. [NIO]. The present Moving Average for the last 50 days of trading for this stock 9.33, while it was recorded at 8.94 for the last single week of trading, and 13.45 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 -32.94 and a Gross Margin at +10.44. NIO Inc.’s Net Margin is presently recorded at -29.55.

Return on Total Capital for NIO is now -29.29, given the latest momentum, and Return on Invested Capital for the company is -32.69. Return on Equity for this stock declined to -48.89, with Return on Assets sitting at -16.17. When it comes to the capital structure of this company, NIO Inc. [NIO] has a Total Debt to Total Equity ratio set at 99.32. Additionally, NIO Total Debt to Total Capital is recorded at 49.83, with Total Debt to Total Assets ending up at 24.63. Long-Term Debt to Equity for the company is recorded at 72.91, with the Long-Term Debt to Total Capital now at 36.58.

Receivables Turnover for the company is 7.93 with a Total Asset Turnover recorded at a value of 0.55.NIO Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.30.

NIO Inc. [NIO] Insider Position Details

227 institutional holders increased their position in NIO Inc. [NYSE:NIO] by around 77,650,918 shares. Additionally, 238 investors decreased positions by around 79,020,983 shares, while 111 investors held positions by with 361,162,010 shares. The mentioned changes placed institutional holdings at 517,833,911 shares, according to the latest SEC report filing. NIO stock had 78 new institutional investments in for a total of 17,053,450 shares, while 74 institutional investors sold positions of 12,259,343 shares during the same period.

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