NIO Limited (NYSE:NIO) does about 132.42M shares in volume on a normal day but saw 154133070 shares change hands in Friday trading. The company now has a market cap of 23.55B USD and an enterprise value of about $23.55B. Its current market price is $18.50, marking a decrease of -6.94% compared to the previous close of $19.88. The 52 week high reached by this stock is $20.97 whilst the lowest price level in 52 weeks is $1.19. The script in recent trading has seen the stock touch a high of $19.44 and a low of $18.11.
NIO Limited (NIO) has a 20-day trading average at $14.87 and the current price is -11.78% off the 52-week high compared with 1454.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.56 and its 200-day simple moving average is $5.78. If we look at the stock’s price movements over the week, volatility stands at 10.56%, which decreases to 7.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.26 to suggest the stock is neutral.
14 analysts observing the NIO Limited (NIO) stock have set the 12-month price targets for the company’s shares at between $30.07 and $159.01. The consensus objective for the share price is $13.01, suggesting that the stock has a potential downside of -42.2% over the period. The median price target is 82.96% away from the current levels at $108.59.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 1 advise that it is a overweight. 5 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 26, 2020 when Morgan Stanley upgraded the stock to “Overweight” and issued a price target of $20.50. UBS also upgraded the stock to “Neutral” from Sell on August 25, 2020 at a price target of.
The current price level is 27.23%, 50.01%, and 224.75% away from its SMA20, SMA50, and SMA200 respectively, with the NIO price moving below the 50-day SMA on August 28. NIO Limited (NIO) stock is up 31.02% over the week and 51.64% over the past month. Its price is 360.20% year-to-date and 549.12% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.16 above consensus estimates by $0.11. The company’s next earnings report is expected on 11/10/2020, with forecasts estimating quarterly EPS at -$0.17 and -$0.72 for whole year. NIO’s earnings per share are forecast to grow by 52.00% this year and 33.30% over next year. Expected sales for next quarter are $731.21 million, which analysts say will come at $2.13 billion for the current fiscal year and next year at $3.67 billion. In addition, estimates put the company’s current quarterly revenue at an average of $614.88 million.
Its 12-month price target is $108.59. To reach the target analysts have set, the stock logically needs to shrink -42.2 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $30.07, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $159.01.
Outstanding shares total 1.05B with insiders holding 0.72% of the shares and institutional holders owning 42.29% of the company’s common stock. The company has a return on investment of -505.70% and return on equity of 141.40%. Price to sales ratio is 16.60.
According to a U.S. Securities and Exchange Commission filing, Scottish Mortgage Investment Trus has reduced its position in NIO Limited (NIO) to 22,237,195 shares, mirroring a recent drop by -0.98%. Scottish Mortgage Investment Trus dumped -0.22 million shares of NIO Limited common stock bringing its total worth to about $265.51 million at the end of recent close, SEC documents show. Scottish Mortgage Investment Trus isn’t the only investment manager who changed stakes and is followed by Vanguard International Growth Fun, which sold off 0.0 shares to end up with 17,591,617 shares worth $210.04 million. Vanguard Total International Stoc cut their holdings by -0.07% in the company over the course of the most recent quarter. It now holds a 1.43% position in NIO Limited thanks to 12.95 million shares amounting to $154.67 million.