NIO Limited (NYSE:NIO): Making Its Way Up the Stock Market

NIO Limited (NYSE:NIO) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -6.82% to the previous day’s close as weak demand from buyers trailed the stock to $37.27.

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Actively observing the price movement in the last trading, the stock closed the session at $40, falling within a range of $36.95 and $39.85. 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 $2.63. On the whole, NIO has fluctuated by 5.85% over the past month.

With the market capitalization of NIO Limited currently standing at about $57.61 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 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 -$0.15, which is expected to increase to -$0.72 for fiscal year 2021 and then to about -$0.1 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.4% in 2021, while the next year’s EPS growth is forecast to be -0.77%.

Analysts have estimated the company’s revenue for the quarter at $945.34 Million, with a low estimate of $778.22 Million and a high estimate of $1.11 Billion. According to the average forecast, sales growth in current quarter could jump up +382.8%, 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 $5.23 Billion, representing an increase of 107% 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 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.

18 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 6 analyst(s), 11 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 1 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 weaker in the market. NIO showed an intraday change of -6.82% in last session, and over the past year, it grew by +1408.91%. In comparison, Toyota Motor Corp Ltd Ord (TM) has moved higher at +0.68% on the day and was up +26.38% over the past 12 months. On the other hand, the price of Honda Motor Company (HMC) has risen 1.05% on the day. The stock, however, is off 39.29% from where it was a year ago. Additionally, there is a decline of -682% for Stellantis N.V. (STLA) in last trading while the stock has seen an overall apprecation of 1408.91% over the past year. The PE ratio stands at 0 for NIO Limited, compared to 15.83 for Toyota Motor Corp Ltd Ord, and 13.79 for Honda Motor Company. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.

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Data on historical trading for NIO Limited (NYSE:NIO) indicates that the trading volumes over the past 10 days have averaged 100.99 Million and over the past 3 months, they’ve averaged 107.89 Million. According to company’s latest data on outstanding shares, there are 1.64 Billion shares outstanding.

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Nearly 0.56% of NIO Limited’s shares belong to company insiders and institutional investors own 38.37% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 51.79 Million shares as on March 14, 2021, resulting in a short ratio of 0.43. According to the data, the short interest in NIO Limited (NIO) stood at 3.32% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 51.17 Million. The stock has fallen by -23.53% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the NIO stock heading into the next quarter.

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