NIO Inc ADR [NIO] stock prices are up 5.11% to $5.55 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NIO shares have gain 10.56% over the last week, with a monthly amount glided 49.19%, and 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 September 06, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $8 from $5.30. On May 15, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $5.40 on the stock. Barclays downgraded its rating to a Underweight but $4 remained the price target by the analyst firm on April 02, 2024. Mizuho downgraded its rating to Neutral for this stock on March 25, 2024, but kept the price target unchanged to $5.50. In a note dated March 06, 2024, CLSA downgraded an Outperform rating on this stock but restated the target price of $6.
The stock price of NIO Inc ADR [NIO] has been fluctuating between $3.61 and $10.72 over the past year. Currently, Wall Street analysts expect the stock to reach $20.75 within the next 12 months. NIO Inc ADR [NYSE: NIO] shares were valued at $5.55 at the most recent close of the market. An investor can expect a potential return of 273.87% based on the average NIO price forecast.
Analyzing the NIO fundamentals
The NIO Inc ADR [NYSE:NIO] reported sales of 8.78B for trailing twelve months, representing a surge of 92.79%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -1.06 and Total Capital is -0.44. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.06.
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 5.30 points at the first support level, and at 5.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.68, and for the 2nd resistance point, it is at 5.82.
Ratios To Look Out For
It’s worth pointing out that NIO Inc ADR [NYSE:NIO]’s Current Ratio is 1.11. Also, the Quick Ratio is 1.01, while the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 5.22.
