In the past week, NIO stock has gone down by -14.73%, with a monthly gain of 4.32% and a quarterly surge of 18.16%. The volatility ratio for the week is 5.60%, and the volatility levels for the last 30 days are 7.28% for NIO Inc ADR The simple moving average for the past 20 days is -5.30% for NIO’s stock, with a 10.94% simple moving average for the past 200 days.
Is It Worth Investing in NIO Inc ADR (NYSE: NIO) Right Now?
NIO has 36-month beta value of 1.87. 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.”
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The public float for NIO is 1.92B, and currently, short sellers hold a 8.76% ratio of that float. The average trading volume of NIO on October 15, 2024 was 60.99M shares.
NIO) stock’s latest price update
NIO Inc ADR (NYSE: NIO)’s stock price has decreased by -7.21 compared to its previous closing price of 6.24. However, the company has seen a -14.73% decrease in its stock price over the last five trading sessions. invezz.com reported 2024-10-14 that Nio (NIO) stock price has pulled back in the past few days as the recent momentum waned. After rising to $7.70 on September 30th, the stock has pulled back to $6.25, a 20% retreat meaning that it has moved into a bear market.
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 15.25% 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 -39.50% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 5.60%, as shares surge +7.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.96% upper at present.
During the last 5 trading sessions, NIO fell by -14.73%, which changed the moving average for the period of 200-days by -36.37% in comparison to the 20-day moving average, which settled at $6.11. In addition, NIO Inc ADR saw -36.16% 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 1.23. 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
To put it simply, NIO Inc ADR (NIO) has had a mixed 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.
