The 36-month beta value for NIO is at 1.87. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NIO is 1.92B, and currently, shorts hold a 8.76% of that float. The average trading volume for NIO on October 11, 2024 was 61.20M shares.
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NIO) stock’s latest price update
NIO Inc ADR (NYSE: NIO)’s stock price has decreased by -0.71 compared to its previous closing price of 6.22. However, the company has seen a -8.77% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-09 that In the closing of the recent trading day, NIO Inc. (NIO) stood at $6.29, denoting a +0.8% change from the preceding trading day.
NIO’s Market Performance
NIO’s stock has fallen by -8.77% in the past week, with a monthly rise of 16.97% and a quarterly rise of 33.39%. The volatility ratio for the week is 5.63% while the volatility levels for the last 30 days are 7.48% for NIO Inc ADR The simple moving average for the last 20 days is 1.39% for NIO stock, with a simple moving average of 17.97% for the last 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 23.83% 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 -35.46% of loss for the given period.
Volatility was left at 7.48%, however, over the last 30 days, the volatility rate increased by 5.63%, as shares surge +10.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.23% upper at present.
During the last 5 trading sessions, NIO fell by -9.31%, which changed the moving average for the period of 200-days by -34.19% in comparison to the 20-day moving average, which settled at $6.09. In addition, NIO Inc ADR saw -31.91% 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 1.46. 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 conclusion, NIO Inc ADR (NIO) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
