NIO Inc ADR [NIO] stock is trading at $4.71, up 7.78%. 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 3.74% over the last week, with a monthly amount drifted -18.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NIO Inc ADR [NYSE: NIO] stock has seen the most recent analyst activity on April 02, 2024, when Barclays downgraded its rating to a Underweight but kept the price target unchanged to $4 for it. Previously, Mizuho downgraded its rating to Neutral on March 25, 2024, and kept the price target unchanged to $5.50. On March 06, 2024, downgrade downgraded it’s rating to Outperform but maintained its price target of $6 on the stock. JP Morgan downgraded its rating to a Underweight and decreased its price target to $5 on February 23, 2024. BofA Securities downgraded its rating to a Neutral. In a note dated June 12, 2023, Nomura downgraded an Neutral rating on this stock and revised its target price from $25.80 to $7.50.
NIO Inc ADR [NIO] stock has fluctuated between $4.36 and $16.18 over the past year. Currently, Wall Street analysts expect the stock to reach $28.72 within the next 12 months. NIO Inc ADR [NYSE: NIO] shares were valued at $4.71 at the most recent close of the market. An investor can expect a potential return of 509.77% based on the average NIO price forecast.
Analyzing the NIO fundamentals
NIO Inc ADR [NYSE:NIO] reported sales of 7.81B for the trailing twelve months, which represents a growth 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 4.49 points at the first support level, and at 4.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.86, and for the 2nd resistance point, it is at 5.01.
Ratios To Look Out For
For context, NIO Inc ADR’s Current Ratio is 1.22. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 2.49.
