At the time of writing, NIO Inc ADR [NIO] stock is trading at $5.94, up 11.65%. 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 9.80% over the last week, with a monthly amount glided 45.59%, 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.
For the past year, the stock price of NIO Inc ADR fluctuated between $3.61 and $9.57. 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 $5.94 at the most recent close of the market. An investor can expect a potential return of 249.33% based on the average NIO price forecast.
Analyzing the NIO fundamentals
According to NIO Inc ADR [NYSE:NIO], the company’s sales were 8.78B for trailing twelve months, which represents an 92.79% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.06.
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 5.71 points at the first support level, and at 5.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.06, and for the 2nd resistance point, it is at 6.19.
Ratios To Look Out For
It is important to note that NIO Inc ADR [NYSE:NIO] has a current ratio of 1.11. As well, the Quick Ratio is 1.01, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 1.30, the price to book ratio is 5.59.
