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NYSE:NIO

NIO (NIO) Stock Forecast, Price & News

$12.90

-0.35 (-2.64%)

(As of 08/11/2023 08:48 PM ET)

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Today's Range: $12.55
▼
$13.01
50-Day Range: $7.66
▼
$15.46
52-Week Range: $7.00
▼
$22.74

Volume: 54.70 million shs
Average Volume: 52.95 million shs
Market Capitalization: $22.18 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.31

NIO MarketRank™ Forecast

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 3.2% Upside
$13.31 Price Target
Short Interest: Healthy
6.07% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 21 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.43) to ($0.76) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.32 out of 5 stars

Auto/Tires/Trucks Sector

89th out of 95 stocks

Motor Vehicles & Car Bodies Industry

30th out of 33 stocks

1.2

Analyst's Opinion

Consensus Rating
NIO has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.31, NIO has a forecasted upside of 3.2% from its current price of $12.90.
Amount of Analyst Coverage
NIO has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
6.07% of the outstanding shares of NIO have been sold short.
Short Interest Ratio / Days to Cover
NIO has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NIO has recently decreased by 10.31%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
NIO does not currently pay a dividend.
Dividend Growth
NIO does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NIO.

3.0

News and Social Media Coverage

News Sentiment
NIO has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for NIO this week, compared to 16 articles on an average week.
Search Interest
549 people have searched for NIO on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
142 people have added NIO to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NIO insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of NIO is held by insiders.
Percentage Held by Institutions
Only 28.36% of the stock of NIO is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for NIO are expected to grow in the coming year, from ($1.43) to ($0.76) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NIO is -8.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of NIO is -8.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
NIO has a P/B Ratio of 6.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NIO (NYSE:NIO) Stock

NIO Inc. is a multinational EV manufacturer and one of China’s top 6 manufacturers. The company was founded in 2014 by Lihong Qin and William Li as NextEV. The company rebranded and relaunched in 2017, however, this time as Nio Inc, and is best known for its revolutionary take on batteries. Nio Inc. is headquartered in Shanghai, the People's Republic of China. The company hit a major milestone in mid-2022 by delivering its 218,000th vehicle.

Nio’s philosophy is Blue Sky Coming. This is referencing a brighter tomorrow brought about by revolutionary technology in EV and battery technology. NIO Inc recognizes batteries are the most expensive part of the EV and that charging is the most restrictive. To combat both problems the company designs its cars so the batteries are easily removable which factors into the long-term plans. NIO Inc is also building out a network of battery-swapping stations that will allow drivers to pull in and swap a dead battery for a fully charged one.

Battery swapping opens the door not only to long-term customer relationships via battery-swapping plans, otherwise known as BaaS or battery-as-a-service but also to the ability to sell cars without a battery which greatly reduces the price point. The company announced the opening of its 1,000th swapping station in China in the summer of 2022 and was on track at the time to begin expanding outside of China. The first location outside of China was opened in Norway.

Nio Inc. is engaged in the design, manufacture, and sale of electric vehicles in the People's Republic of China, the US, and Europe. The company also manufactures electric motors, battery packs, and other components for the global EV market. Along with this, the company announced its intentions to enter the smartphone market in 2022 along with plans to outfit a production facility in Shenzen.

Nio Inc.’s automobiles are built around three key platforms that include a sports car, a line of SUV/crossovers, and a sedan. The EP-9 sports car is the firm's first model and has been in production since 2016. The EC-6 and ES6, ES7, and ES8 are all SUV crossovers with seating from 5 to 7 people. The ET5 and ET7 are 4 and 5-passenger sedans. Upcoming models are the ES3 SUV crossover and the EF9 minivan. Models in development include the ET full-size sedan and the Eve station wagon, a full autonomous compact vehicle.

Yet another way that Nio sets itself apart from the average EV manufacturer is that it is focused on high-performance and smart vehicles. Smart vehicles are a stepping stone on the path to autonomous driving and provide a host of advantages to drivers that include improved maintenance and uptime. Nio also operates a chain of 84 Nio House locations. Nio House locations are artistic attractions in major metropolitan areas that feature social areas, private spaces, libraries, and cafes.

NIO Price History

30 days | 90 days | 365 days | Advanced Chart

NIO Stock News Headlines

August 9, 2023 | marketbeat.com

2 Alternatives To Tesla (1 Safe, 1 More Risky) (NIO)

Just because Tesla has a first-mover advantage doesn’t mean there’s not still an opportunity to be had in alternative EV stocks.

August 8, 2023 | marketbeat.com

Lucid Group Just Found A New Reason To Rally (NIO)

Lucid Group just released its latest quarterly financials, reminding investors that this stock is the growth play that markets are loving this summer.

August 14, 2023 | The Oxford Club (Ad)

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August 7, 2023 | marketbeat.com

The 10 Stocks MarketBeat Readers Like Best (NIO)

Marketbeat readers have spoken! These are the 10 most-followed stocks on the platform and momentum is building for some interesting names.

August 11, 2023 | cnbc.com

Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana

August 11, 2023 | markets.businessinsider.com

What 10 Analyst Ratings Have To Say About NIO

August 11, 2023 | investorplace.com

NIO Stock Alert: Deutsche Just Raised Nio’s Price Target 30%

August 10, 2023 | msn.com

NIO: Brace For Another Underwhelming Quarter

August 14, 2023 | The Oxford Club (Ad)

179% Profit on a "Magic 9" Stock

August 10, 2023 | cnbc.com

Here are Thursday's biggest analyst calls: Nvidia, Tesla, Home Depot, Disney, Ulta, Nio, Penn & more

August 10, 2023 | finance.yahoo.com

NIO Inc (N3I.MU)

August 10, 2023 | markets.businessinsider.com

Nio (NIO): New Buy Recommendation for This Technology Giant

August 9, 2023 | investorplace.com

NIO Stock Alert: Nio Will Face Class-Action Lawsuit

August 9, 2023 | za.investing.com

U.S. Judge allows class action against Nio to continue

August 9, 2023 | ca.finance.yahoo.com

U.S. judge greenlights Nio investor class action over factory claims

August 8, 2023 | msn.com

Why QuantumScape, Nio, and XPeng Stocks Rocketed More Than 50% Higher in July

August 8, 2023 | finance.yahoo.com

Nio: Buy, Sell, or Hold?

August 7, 2023 | msn.com

NIO Stock Alert: Citi Raises Price Target to $19.20

August 4, 2023 | msn.com

Unusual Call Option Trade in NIO Inc - ADR (NIO) Worth $1,400.00K

August 4, 2023 | markets.businessinsider.com

Can NIO Stock Keep Up With the Competition?

August 2, 2023 | finance.yahoo.com

Better Chinese Growth Stock: Nio vs. Bilibili

August 2, 2023 | seekingalpha.com

NIO reports a 103.6% Y/Y increase in July deliveries

August 2, 2023 | msn.com

Is Nio's ES6 Its Tesla Model 3? China EV Maker's Newest Model Drives Record-Breaking July

August 1, 2023 | msn.com

Tupperware and Yellow stocks surge while Rivian, Uber and Nio shares drop, and other stocks on the move

August 1, 2023 | finance.yahoo.com

NIO Inc. Announces that Deliveries in July 2023 Reached 20,462 Vehicles

August 1, 2023 | investorplace.com

NIO Stock Alert: Nio Doubles Deliveries in July

July 31, 2023 | benzinga.com

Nio Stock Continues To Climb: What's Going On?

See More Headlines

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NIO Company Calendar

Last Earnings: 6/09/2023
Today: 8/13/2023
Next Earnings (Estimated): 9/06/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NYSE:NIO
CUSIP: 670984103
CIK: 878242
Web: www.nio.io
Phone: 86-21-6908-3306
Fax: N/A
Employees: 26,763
Year Founded: 2014

Price Target and Rating

Average Stock Price Forecast: $13.31
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $7.50
Forecasted Upside/Downside: +3.2%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-2,070,420,000.00
Net Margins: -35.03%
Pretax Margin: -34.46%
Return on Equity: -66.25%
Return on Assets: -18.60%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 1.28
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $7.14 billion
Price / Sales: 3.10
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.09 per share
Price / Book: 6.17

Miscellaneous

Outstanding Shares: 1,719,110,000
Free Float: 1,701,915,000
Market Cap: $22.18 billion
Optionable: Optionable
Beta: 2.03

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Key Executives

Mr. Bin Li (Age 45)
Founder, Chairman & CEO

Mr. Lihong Qin (Age 46)
Pres & Director

Mr. Hsien-Tsong Cheng (Age 60)
Co-Founder & Exec. VP

Mr. Tung-Jung Hsieh (Age 55)
Chief Financial Officer

Jade Wei
Sr. Director of Investor Relations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NIO Stock - Frequently Asked Questions

Should I buy or sell NIO stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIO in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NIO, but not buy additional shares or sell existing shares.
View NIO analyst ratings or view top-rated stocks.
What is NIO's stock price forecast for 2023?: 10 Wall Street analysts have issued 1 year target prices for NIO's shares. Their NIO share price forecasts range from $7.50 to $20.00. On average, they predict the company's stock price to reach $13.31 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for NIO or view top-rated stocks among Wall Street analysts.
How have NIO shares performed in 2023?: NIO's stock was trading at $9.75 at the beginning of 2023. Since then, NIO stock has increased by 32.3% and is now trading at $12.90.
View the best growth stocks for 2023 here.
When is NIO's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 6th 2023.
View our NIO earnings forecast.
How were NIO's earnings last quarter?: Nio Inc - (NYSE:NIO) released its quarterly earnings data on Friday, June, 9th. The company reported ($2.51) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $2.29. The company had revenue of $10.68 billion for the quarter, compared to analyst estimates of $11.60 billion. NIO had a negative net margin of 35.03% and a negative trailing twelve-month return on equity of 66.25%. The company's revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share.
What ETFs hold NIO's stock?: ETFs with the largest weight of NIO (NYSE:NIO) stock in their portfolio include KraneShares MSCI China Clean Technology Index ETF (KGRN), Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), Invesco Golden Dragon China ETF (PGJ), Roundhill MEME ETF (MEME), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), KraneShares Electric Vehicles and Future Mobility Index ETF (KARS), Invesco MSCI Sustainable Future ETF (ERTH) and Global X China Consumer ETF (CHIQ).
What guidance has NIO issued on next quarter's earnings?: NIO issued an update on its second quarter 2023 earnings guidance on Friday, June, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.27 billion-$1.36 billion.
What is William Li's approval rating as NIO's CEO?: 29 employees have rated NIO Chief Executive Officer William Li on Glassdoor.com. William Li has an approval rating of 89% among the company's employees.

What other stocks do shareholders of NIO own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NIO investors own include Tesla (TSLA), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ), Micron Technology (MU), Intel (INTC), Nikola (NKLA) and Walt Disney (DIS).
When did NIO IPO?: (NIO) raised $1.2 billion in an IPO on Wednesday, September 12th 2018. The company issued 160,000,000 shares at $6.25-$8.25 per share. Morgan Stanley, Goldman Sachs (Asia) and J.P. Morgan acted as the underwriters for the IPO and BofA Merrill Lynch, Deutsche Bank Securities, Citigroup, Credit Suisse and UBS Investment Bank were co-managers.
What is NIO's stock symbol?: NIO trades on the New York Stock Exchange (NYSE) under the ticker symbol "NIO."
Who are NIO's major shareholders?: NIO's stock is owned by a number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (7.16%), BlackRock Inc. (4.00%), Renaissance Technologies LLC (0.62%), Geode Capital Management LLC (0.41%), Northern Trust Corp (0.33%) and Credit Suisse AG (0.33%).
How do I buy shares of NIO?: Shares of NIO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is NIO's stock price today?: One share of NIO stock can currently be purchased for approximately $12.90.
How much money does NIO make?: NIO (NYSE:NIO) has a market capitalization of $22.18 billion and generates $7.14 billion in revenue each year. The company earns $-2,070,420,000.00 in net income (profit) each year or ($1.54) on an earnings per share basis.
How many employees does NIO have?: The company employs 26,763 workers across the globe.
How can I contact NIO?: NIO's mailing address is BUILDING 20 NO. 56 ANTUO ROAD ANTING TOWN JIADING DISTRICT, SHANGHAI F4, 201804. The official website for the company is www.nio.io. The company can be reached via phone at 86-21-6908-3306 or via email at ir@nio.com.

This page (NYSE:NIO) was last updated on 8/14/2023 by MarketBeat.com Staff

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