NIO Inc. [NIO] Stock trading around $11.00 per share: What’s Next?

NIO Inc. [NYSE: NIO] surged by $0.73 during the normal trading session on Friday and reaching a high of $11.35 during the day while it closed the day at $11.00. The company report on September 1, 2023 at 5:30 AM that NIO Inc. Provides August 2023 Delivery Update.

NIO delivered 19,329 vehicles in August 2023, increasing by 81.0% year-over-year.

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NIO delivered 94,352 vehicles year-to-date in 2023, increasing by 31.9% year-over-year.

NIO Inc. stock has also gained 1.57% of its value over the past 7 days. However, NIO stock has inclined by 45.50% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.94% and gained 12.82% year-on date.

The market cap for NIO stock reached $17.33 billion, with 1.65 billion shares outstanding and 1.42 billion shares in the current float. Compared to the average trading volume of 65.86M shares, NIO reached a trading volume of 76791418 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]:

Nomura have made an estimate for NIO Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 12, 2023.

The Average True Range (ATR) for NIO Inc. is set at 0.79, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 2.59. The Price to Book ratio for the last quarter was 9.17, with the Price to Cash per share for the same quarter was set at 2.39.

NIO stock trade performance evaluation

NIO Inc. [NIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.57. With this latest performance, NIO shares dropped by -28.85% in over the last four-week period, additionally plugging by 14.94% over the last 6 months – not to mention a drop of -44.75% 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 45.02, with the RSI for the last a single of trading hit 44.77, and the three-weeks RSI is set at 47.18 for NIO Inc. [NIO]. The present Moving Average for the last 50 days of trading for this stock 11.50, while it was recorded at 10.77 for the last single week of trading, and 10.21 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 -32.94 and a Gross Margin at +8.78. NIO Inc.’s Net Margin is presently recorded at -29.55.

Return on Total Capital for NIO is now -29.28, 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 -16.16. When it comes to the capital structure of this company, NIO Inc. [NIO] has a Total Debt to Total Equity ratio set at 99.51. Additionally, NIO Total Debt to Total Capital is recorded at 49.88, with Total Debt to Total Assets ending up at 24.65. Long-Term Debt to Equity for the company is recorded at 72.97, with the Long-Term Debt to Total Capital now at 36.58.

Receivables Turnover for the company is 7.18 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 0.80 and a Current Ratio set at 1.00.

NIO Inc. [NIO]: Institutional Ownership

The top three institutional holders of NIO stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in NIO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in NIO stock with ownership which is approximately 5.7381%.

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