NIO Inc ADR (NYSE: NIO) has seen a rise in its stock price by 1.04 in relation to its previous close of 6.70. However, the company has experienced a 3.83% gain in its stock price over the last five trading sessions. marketbeat.com reported 2024-10-06 that China’s economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand. Late in September—just after the U.S. Federal Reserve announced its first federal funds rate cut in several years—the People’s Bank of China unveiled a three-part monetary stimulus program to reduce reserve requirement ratios (the amount of cash banks are required to keep on hand), mortgage rates and down payment requirements, and more.
Is It Worth Investing in NIO Inc ADR (NYSE: NIO) Right Now?
Company’s 36-month beta value is 1.87.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for NIO is 1.92B, and currently, short sellers hold a 8.51% ratio of that floaft. The average trading volume of NIO on October 07, 2024 was 59.04M shares.
NIO’s Market Performance
NIO’s stock has seen a 3.83% increase for the week, with a 39.59% rise in the past month and a 51.79% gain in the past quarter. The volatility ratio for the week is 8.99%, and the volatility levels for the past 30 days are at 7.92% for NIO Inc ADR The simple moving average for the past 20 days is 16.89% for NIO’s stock, with a 27.77% simple moving average for the past 200 days.
Analysts’ Opinion of NIO
Many brokerage firms have already submitted their reports for NIO stocks, with JP Morgan repeating the rating for NIO by listing it as a “Overweight.” The predicted price for NIO in the upcoming period, according to JP Morgan is $8 based on the research report published on September 06, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to NIO, setting the target price at $5.40 in the report published on May 15th of the current year.
NIO Trading at 42.88% 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 -29.26% of loss for the given period.
Volatility was left at 7.92%, however, over the last 30 days, the volatility rate increased by 8.99%, as shares surge +34.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.55% upper at present.
During the last 5 trading sessions, NIO rose by +3.83%, which changed the moving average for the period of 200-days by -18.92% in comparison to the 20-day moving average, which settled at $5.88. In addition, NIO Inc ADR saw -25.36% 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:
- -0.35 for the present operating margin
- 0.08 for the gross margin
The net margin for NIO Inc ADR stands at -0.32. The total capital return value is set at -0.44. Equity return is now at value -135.74, with -22.05 for asset returns.
The debt to equity ratio resting at 2.06. The interest coverage ratio of the stock is -36.82.
Currently, EBITDA for the company is -15.32 billion with net debt to EBITDA at -0.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 11.27for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In a nutshell, NIO Inc ADR (NIO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
