NIO Inc ADR [NIO] stock prices are up 5.17% to $6.10 at the moment. 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 14.45% over the last week, with a monthly amount glided 4.81%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Quarterly Total Revenues reached RMB17,103.2 million (US$2,408.9 million)iQuarterly Vehicle Deliveries were 50,045 units Full Year Total Revenues reached RMB55,617.9 million (US$7,833.6 million) Full Year Vehicle Deliveries were 160,038 units.
From an analyst’s perspective:
NIO Inc ADR [NYSE: NIO] stock has seen the most recent analyst activity on March 06, 2024, when CLSA downgraded its rating to a Outperform but kept the price target unchanged to $6 for it. Previously, JP Morgan downgraded its rating to Underweight on February 23, 2024, and dropped its price target to $5. On January 09, 2024, downgrade downgraded it’s rating to Neutral. Goldman started tracking the stock assigning a Neutral rating. Nomura downgraded its rating to a Neutral and reduced its price target to $7.50 on June 12, 2023. JP Morgan downgraded its rating to Neutral for this stock on March 02, 2023, and downed its price target to $10. In a note dated March 02, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $18 to $10.
The stock price of NIO Inc ADR [NIO] has been fluctuating between $4.78 and $16.18 over the past year. Currently, Wall Street analysts expect the stock to reach $32.85 within the next 12 months. NIO Inc ADR [NYSE: NIO] shares were valued at $6.10 at the most recent close of the market. An investor can expect a potential return of 438.52% based on the average NIO price forecast.
Analyzing the NIO fundamentals
The NIO Inc ADR [NYSE:NIO] reported sales of 7.81B for trailing twelve months, representing a surge of 4.82%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.05.
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 5.91 points at the first support level, and at 5.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.26, and for the 2nd resistance point, it is at 6.42.
Ratios To Look Out For
It’s worth pointing out that NIO Inc ADR [NYSE:NIO]’s Current Ratio is 1.22. As well, the Quick Ratio is 1.13, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 4.88.
