In the past week, NIO stock has gone up by 3.54%, with a monthly decline of -8.82% and a quarterly surge of 6.18%. The volatility ratio for the week is 3.89%, and the volatility levels for the last 30 days are 5.41% for NIO Inc. The simple moving average for the last 20 days is -2.36% for NIO stock, with a simple moving average of 1.87% for the last 200 days.
Is It Worth Investing in NIO Inc. (NYSE: NIO) Right Now?
Moreover, the 36-month beta value for NIO is 2.07. Analysts have varying opinions on the stock, with 22 analysts rating it as a “buy,” 5 as “overweight,” 10 as “hold,” and 2 as “sell.”
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The average price recommended by analysts for NIO Inc. (NIO) is $95.51, which is $3.51 above the current market price. The public float for NIO is 1.42B and currently, short sellers hold a 7.16% of that float. On September 15, 2023, NIO’s average trading volume was 60.48M shares.
NIO) stock’s latest price update
NIO Inc. (NYSE: NIO) has seen a rise in its stock price by 0.14 in relation to its previous close of 10.38. However, the company has experienced a 3.54% gain in its stock price over the last five trading sessions. MarketBeat reported 2023-09-15 that By now, it is no secret that Asia’s powerhouse is making its way out of contractions and setting those who were – and are – brave enough to invest in it for success.
Analysts’ Opinion of NIO
Many brokerage firms have already submitted their reports for NIO stocks, with Nomura repeating the rating for NIO by listing it as a “Neutral.” The predicted price for NIO in the upcoming period, according to Nomura is $7.50 based on the research report published on June 12, 2023 of the current year 2023.
NIO Trading at -10.81% from the 50-Day Moving Average
After a stumble in the market that brought NIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.29% of loss for the given period.
Volatility was left at 5.41%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares sank -8.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.78% upper at present.
During the last 5 trading sessions, NIO rose by +4.53%, which changed the moving average for the period of 200-days by +3.71% in comparison to the 20-day moving average, which settled at $10.60. In addition, NIO Inc. saw 6.62% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NIO
Current profitability levels for the company are sitting at:
- -32.94 for the present operating margin
- +8.78 for the gross margin
The net margin for NIO Inc. stands at -29.55. The total capital return value is set at -29.28, while invested capital returns managed to touch -32.69. Equity return is now at value -96.10, with -22.60 for asset returns.
Based on NIO Inc. (NIO), the company’s capital structure generated 99.51 points at debt to equity in total, while total debt to capital is 49.88. Total debt to assets is 24.65, with long-term debt to equity ratio resting at 72.97. Finally, the long-term debt to capital ratio is 36.58.
When we switch over and look at the enterprise to sales, we see a ratio of 2.06, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 7.18 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
To wrap up, the performance of NIO Inc. (NIO) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
