NIO Inc ADR (NYSE: NIO) has experienced a rise in its stock price by 2.13 compared to its previous closing price of 4.70. However, the company has seen a gain of 6.90% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-22 that NIO’s 3Q24 earnings reaffirm my long-term positive sentiment. I reiterate my buy rating while disclaiming that this stock is not for the faint-hearted. I update my positive outlook this quarter and now expect growth to be supported by the new L60 vehicle and international expansion efforts, prioritizing profitability. NIO’s stock underperforms peers and the S&P500, but Beijing’s stimulus plan and economic revival efforts should benefit the EV sector in China.
Is It Worth Investing in NIO Inc ADR (NYSE: NIO) Right Now?
The 36-month beta value for NIO is also noteworthy at 1.80. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NIO is 1.92B, and at present, short sellers hold a 9.72% of that float. The average trading volume of NIO on November 22, 2024 was 69.87M shares.
NIO’s Market Performance
The stock of NIO Inc ADR (NIO) has seen a 6.90% increase in the past week, with a -3.61% drop in the past month, and a 19.11% gain in the past quarter. The volatility ratio for the week is 6.59%, and the volatility levels for the past 30 days are at 5.40% for NIO. The simple moving average for the past 20 days is -3.42% for NIO’s stock, with a -3.40% simple moving average for the past 200 days.
Analysts’ Opinion of NIO
Many brokerage firms have already submitted their reports for NIO stocks, with Macquarie repeating the rating for NIO by listing it as a “Neutral.” The predicted price for NIO in the upcoming period, according to Macquarie is $4.80 based on the research report published on November 20, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see NIO reach a price target of $6.60. The rating they have provided for NIO stocks is “Outperform” according to the report published on October 28th, 2024.
JP Morgan gave a rating of “Overweight” to NIO, setting the target price at $8 in the report published on September 06th of the current year.
NIO Trading at -12.53% 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 -49.84% of loss for the given period.
Volatility was left at 5.40%, however, over the last 30 days, the volatility rate increased by 6.59%, as shares sank -8.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.15% lower at present.
During the last 5 trading sessions, NIO rose by +7.35%, which changed the moving average for the period of 200-days by -17.18% in comparison to the 20-day moving average, which settled at $4.97. In addition, NIO Inc ADR saw -47.08% 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:
- -0.36 for the present operating margin
- 0.09 for the gross margin
The net margin for NIO Inc ADR stands at -0.33. The total capital return value is set at -0.48. Equity return is now at value -155.53, with -20.31 for asset returns.
The debt to equity ratio resting at 1.9. The interest coverage ratio of the stock is -31.44.
Currently, EBITDA for the company is -15.15 billion with net debt to EBITDA at -0.51. 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 8.99for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In summary, NIO Inc ADR (NIO) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
