NIO Inc ADR [NIO] stock is trading at $4.00, down -0.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The NIO shares have gain 3.90% over the last week, with a monthly amount drifted -8.88%, 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 May 15, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $5.40 from $4.80. On April 02, 2024, downgrade downgraded it’s rating to Underweight but maintained its price target of $4 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $5.50 on March 25, 2024. CLSA downgraded its rating to a Outperform but $6 remained the price target by the analyst firm on March 06, 2024. JP Morgan downgraded its rating to Underweight for this stock on February 23, 2024, and downed its price target to $5. In a note dated January 09, 2024, BofA Securities downgraded an Neutral rating on this stock.
NIO Inc ADR [NIO] stock has fluctuated between $3.61 and $11.35 over the past year. Currently, Wall Street analysts expect the stock to reach $25.16 within the next 12 months. NIO Inc ADR [NYSE: NIO] shares were valued at $4.00 at the most recent close of the market. An investor can expect a potential return of 529.0% based on the average NIO price forecast.
Analyzing the NIO fundamentals
NIO Inc ADR [NYSE:NIO] reported sales of 7.63B for the trailing twelve months, which represents a drop of -11.66%. Gross Profit Margin for this corporation currently stands at 0.06% with Operating Profit Margin at -0.42%, Pretax Profit Margin comes in at -0.38%, 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 -1.13 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.59.
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 3.94 points at the first support level, and at 3.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.08, and for the 2nd resistance point, it is at 4.16.
Ratios To Look Out For
For context, NIO Inc ADR’s Current Ratio is 1.15. On the other hand, the Quick Ratio is 1.03, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 2.92.
