The stock price of NIO Inc ADR (NYSE: NIO) has plunged by -2.44 when compared to previous closing price of 4.50, but the company has seen a -2.44% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-06 that Nio has already bounced back from the brink of bankruptcy. The electric vehicle (EV) maker has a much better cash position than Fisker. Nio is still attracting investment, while Fisker’s talks with major automotive companies stalled out.
Is It Worth Investing in NIO Inc ADR (NYSE: NIO) Right Now?
NIO has 36-month beta value of 1.94. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NIO is 1.55B, and currently, short sellers hold a 10.99% ratio of that float. The average trading volume of NIO on April 08, 2024 was 57.31M shares.
NIO’s Market Performance
NIO’s stock has seen a -2.44% decrease for the week, with a -23.92% drop in the past month and a -46.92% fall in the past quarter. The volatility ratio for the week is 4.48%, and the volatility levels for the past 30 days are at 4.67% for NIO Inc ADR The simple moving average for the last 20 days is -15.32% for NIO stock, with a simple moving average of -47.41% for the last 200 days.
Analysts’ Opinion of NIO
Many brokerage firms have already submitted their reports for NIO stocks, with Barclays repeating the rating for NIO by listing it as a “Underweight.” The predicted price for NIO in the upcoming period, according to Barclays is $4 based on the research report published on April 02, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see NIO reach a price target of $5.50. The rating they have provided for NIO stocks is “Neutral” according to the report published on March 25th, 2024.
CLSA gave a rating of “Outperform” to NIO, setting the target price at $6 in the report published on March 06th of the current year.
NIO Trading at -21.02% 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 -72.87% of loss for the given period.
Volatility was left at 4.67%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares sank -23.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.68% lower at present.
During the last 5 trading sessions, NIO fell by -2.44%, which changed the moving average for the period of 200-days by -53.05% in comparison to the 20-day moving average, which settled at $5.12. In addition, NIO Inc ADR saw -51.60% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NIO
Current profitability levels for the company are sitting at:
- -0.42 for the present operating margin
- 0.04 for the gross margin
The net margin for NIO Inc ADR stands at -0.39. The total capital return value is set at -0.48. Equity return is now at value -84.90, with -19.64 for asset returns.
Based on NIO Inc ADR (NIO), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 2.05. The interest coverage ratio of the stock is -73.36.
Currently, EBITDA for the company is -14.19 billion with net debt to EBITDA at -0.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 7.46for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
To put it simply, NIO Inc ADR (NIO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
