A share price of NIO Inc ADR [NIO] is currently trading at $5.78, up 0.52%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NIO shares have gain 7.04% over the last week, with a monthly amount glided 2.85%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, NIO Inc. Provides February 2024 Delivery Update. In a post published today on Yahoo Finance, NIO delivered 8,132 vehicles in February 2024.
From an analyst’s perspective:
NIO Inc ADR [NYSE: NIO] stock has seen the most recent analyst activity on February 23, 2024, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $5 from $8.50. Previously, BofA Securities downgraded its rating to Neutral on January 09, 2024. On January 03, 2024, Goldman initiated with a Neutral rating. Nomura downgraded its rating to a Neutral and decreased its price target to $7.50 on June 12, 2023. JP Morgan downgraded its rating to a Neutral and reduced its price target to $10 on March 02, 2023. Barclays downgraded its rating to Equal Weight for this stock on March 02, 2023, and downed its price target to $10.
NIO Inc ADR experienced fluctuations in its stock price throughout the past year between $5.30 and $16.18. Currently, Wall Street analysts expect the stock to reach $35.15 within the next 12 months. NIO Inc ADR [NYSE: NIO] shares were valued at $5.78 at the most recent close of the market. An investor can expect a potential return of 508.13% based on the average NIO price forecast.
Analyzing the NIO fundamentals
Trailing Twelve Months sales for NIO Inc ADR [NYSE:NIO] were 7.70B which represents 38.68% growth. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.42%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -1.16 and Total Capital is -0.48. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.69 points at the first support level, and at 5.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.86, and for the 2nd resistance point, it is at 5.93.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NIO Inc ADR [NYSE:NIO] is 1.09. As well, the Quick Ratio is 0.97, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 4.62.
