NIO Limited (NYSE:NIO) shares, rose in value on Wednesday, Jan 13, with the stock price up by 0.18% to the previous day’s close as strong demand from buyers drove the stock to $62.15.
Actively observing the price movement in the last trading, the stock closed the session at $62.04, falling within a range of $61.41 and $64.41. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $66.99, and the low was $2.11. On the whole, NIO has fluctuated by 48.05% over the past month.
With the market capitalization of NIO Limited currently standing at about $90.05 Billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.09, which is expected to increase to -$1.5 for fiscal year 2021 and then to about -$0.33 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.6% in 2021, while the next year’s EPS growth is forecast to be -0.45%.
Analysts have estimated the company’s revenue for the quarter at $991.82 Million, with a low estimate of $966.85 Million and a high estimate of $1.03 Billion. According to the average forecast, sales growth in current quarter could jump up +143.7%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $2.47 Billion, representing an increase of 121% from the revenues reported in the last year’s results.
We see that NIO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
14 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 5 analyst(s), 7 recommend it as a Buy and no body called the NIO stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
A comparison of NIO Limited (NIO) with its peers suggests the former has fared considerably better in the market. NIO showed an intraday change of +0.18% in last session, and over the past year, it grew by +1552.93%. In comparison, Toyota Motor Corp Ltd Ord (TM) has moved lower at -0.72% on the day and was up +7.32% over the past 12 months. On the other hand, the price of Honda Motor Company (HMC) has risen 0.11% on the day. The stock, however, is off 0.54% from where it was a year ago. Additionally, there is a gain of 18% for Fiat Chrysler Automobiles N.V. (FCAU) in last trading while the stock has seen an overall apprecation of 1552.93% over the past year. The PE ratio stands at 0 for NIO Limited, compared to 15.47 for Toyota Motor Corp Ltd Ord, and 20.49 for Honda Motor Company. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for NIO Limited (NYSE:NIO) indicates that the trading volumes over the past 10 days have averaged 191.36 Million and over the past 3 months, they’ve averaged 187.91 Million. According to company’s latest data on outstanding shares, there are 1.56 Billion shares outstanding.
Nearly 0.56% of NIO Limited’s shares belong to company insiders and institutional investors own 36.33% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 67.88 Million shares as on December 30, 2020, resulting in a short ratio of 0.47. According to the data, the short interest in NIO Limited (NIO) stood at 4.35% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 62.4 Million. The stock has risen by +27.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NIO stock heading into the next quarter.
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