NIO Inc. (NYSE:NIO) shares traded higher over the last trading session, gaining 9.63% on 06/01/21. The shares fell to a low of $39.94 before closing at $42.34. Intraday shares traded counted 100.46 million, which was -7.72% lower than its 30-day average trading volume of 93.26M. NIO’s previous close was $38.62 while the outstanding shares total 1.55B. The stock’s Relative Strength Index (RSI) is 66.09, with weekly volatility at 5.26% and ATR at 2.14. The NIO stock’s 52-week price range has touched low of $3.73 and a $66.99 high.
Investors have identified the Auto Manufacturers company NIO Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $53.31 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NIO Inc. (NIO) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NIO, the company has in raw cash 4.41 billion on their books with 174.24 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 7.96 billion total, with 2.6 billion as their total liabilities.
Potential earnings growth for NIO Inc. (NIO)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/28/2021 quarter of the year, NIO Inc. recorded a total of 1.22 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 84.1% coming in sequential stages and their sales for the 09/28/2021 quarter increasing by 9.31%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 981.03 million trying to sell their products during the last quarter, with the result yielding a gross income of 237.31 million. This allows shareholders to hold on to 1.55B with the recently reported earning now reading -0.04 cents per share. This is a figure that compared to analyst’s prediction for their 09/28/2021 (-0.48 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.15 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NIO sounds very interesting.
Is the stock of NIO attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.53%.
14 out of 20 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on NIO Inc.. 1 analysts has assigned a Sell rating on the NIO stock. The 12-month mean consensus price target for the company’s shares has been set at $52.88.