The NIO Inc. (NYSE:NIO) is going down by -2.16% in today’s trading session, a fall equivalent to -0.08% of the stock’s price from yesterday’s market close. A news came out on 07/15/19 stating that Electric-Car Racing Is the R&D for Mass-Market Electric Vehicles by BARRONS. The lowest point that the shares touched during the trading session was $3.36, while the peak of the day was recorded at a share price of $3.53. NIO finished the previous session at $3.47 according to the data provided by Barchart, while the trading volume was observed to be $9,199,599.
In the 100 days of trading, NIO managed to top a 4.10% Moving average. Additionally, NIO Inc. shares have achieved a 52-week range between 2.35 and 13.80 alongside 100 days raw stochastic set at 32.36%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.05B, equal to the value of $3.64B in market capitalization. Financial analysts indicate that NIO shares should be still ranked as a “Hold”. In the last 30 days, NIO Inc. shares went down by -14.88%, adding 4.00 to growth in value, on top of a +32.49% boost since 07/01/19.
NIO Inc. (NYSE:NIO) Analyst’s Estimates
NIO Inc. (NIO) could record at least -$0.24 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 35.90% YOY.
According to the average analyst rating, NIO Inc. would be rated as 2.67. Out of 12 different analysts monitoring NIO stock, 2 analysts rate the stock as a BUY, 4 suggest to give the rating of HOLD, 3 indicate that NIO is an OUTPERFORM, 0 rated the stock as a SELL, and 3 analyst believes that the stock should be rated as UNDERPERFORM.
On May-29-19, the stock earned a Downgrade rating due to a new analyst call from BofA/Merrill, while analysts from Citigroup believe that the stock is set at Buy from Neutral, as concluded on Apr-04-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Apr-04-19.
Regardless of the rating, Goldman did increase their price to $10.70 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Mar-06-19, giving the stock a Underperform from the Neutral rating.
NIO Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of -12.30% has been attained, while the operating margin has been recorded at -193.80%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -66.91%. Additionally, NIO Inc. is recording price volatility of 5.06% for the period of the last seven days and 7.54% in the last 30 days.
NIO Inc. (NYSE:NIO) Technical Outlook
For the period of the last 50 days, NIO Inc. had its Raw Stochastic average set at 54.10% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 31.61%. Stochastic %K for NIO Inc., with the last 20 days included, was set at 46.69%, having Stochastic %D topping 55.20%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends.
NIO Inc. Insider Watch:
As far as the position of shares issued by NIO Inc. (NYSE:NIO) for the period concluded at the market close of 07/31/19, 164 institutional investors increased their positions in NIO shares by 121,334,563, 48 decreased positions by 11,762,724 and 26 institutional investors decided to hold positions at 167,573,631. These numbers put the complete list of institutional holdings set at 300,670,918 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 114 institutional investments with 80,295,440 new shares in addition to having 27 institutional investors selling their positions in 6,761,755 shares.