NYSE:NIO

NIO (NIO) Stock Forecast, Price & News

$9.04

+0.13 (+1.46%)

(As of 09/29/2023 ET)

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Today's Range: $8.86
▼
$9.22
50-Day Range: $8.34
▼
$15.46
52-Week Range: $7.00
▼
$16.88

Volume: 40.99 million shs
Average Volume: 50.76 million shs
Market Capitalization: $15.54 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.68

NIO MarketRank™ Forecast

Analyst Rating: Hold
2.30 Rating Score
Upside/Downside: 40.3% Upside
$12.68 Price Target
Short Interest: Bearish
6.06% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.22
Based on 39 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.81) to ($1.26) Per Share

Overall MarketRank^™

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

2.04 out of 5 stars

Auto/Tires/Trucks Sector

52nd out of 98 stocks

Motor Vehicles & Car Bodies Industry

13th out of 32 stocks

4.2

Analyst's Opinion

Consensus Rating
NIO has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.68, NIO has a forecasted upside of 40.3% from its current price of $9.04.
Amount of Analyst Coverage
NIO has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.06% 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 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NIO has recently increased by 2.70%, indicating that investor sentiment is decreasing.

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.

1.8

News and Social Media Coverage

News Sentiment
NIO has a news sentiment score of 0.22. 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 is a lower news sentiment than the 0.57 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 39 news articles for NIO this week, compared to 15 articles on an average week.
Search Interest
Only 273 people have searched for NIO on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
MarketBeat Follows
Only 74 people have added NIO to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

0.8

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
42.32% of the stock of NIO is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for NIO are expected to grow in the coming year, from ($1.81) to ($1.26) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NIO is -5.02, 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 -5.02, 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 4.45. 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

September 15, 2023 | marketbeat.com

China's Jump In Car Sales Is Drawing Big Money To These Stocks (NIO)

Chinese car sales jump unexpectedly, bringing new momentum into a sector - and nation - pregnant with upside. Large investors love them, analysts are bullish

September 14, 2023 | marketbeat.com

Afraid to Chase Tesla? Here Are the 3 Best Alternative EV Stocks (NIO)

There’s a lot more to the EV market than just Tesla, and here are three alternatives that will give you that feeling of getting in at a discount.

October 1, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

September 5, 2023 | marketbeat.com

NIO Is The Deep Value Play Nobody Wants To Talk About (NIO)

NIO stock has been beaten by impatient investors who cannot see past the latest quarterly results. Astute deep value investors will see the big turnaround

October 1, 2023 | msn.com

NIO's September deliveries up 43.8% Y/Y, down 19% M/M

October 1, 2023 | finance.yahoo.com

NIO Inc. Provides September and Third Quarter 2023 Delivery Update

September 30, 2023 | investorplace.com

Why NIO Stock Could Double Over the Next 12 Months

September 30, 2023 | benzinga.com

NIO Unusual Options Activity For September 28

October 1, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.

September 29, 2023 | finance.yahoo.com

Is Nio Stock About to Turn the Corner?

September 29, 2023 | fool.com

How to Invest in NIO

September 29, 2023 | reuters.com

Exclusive: China's Nio explores investment, tech alliances with Mercedes-sources

September 29, 2023 | msn.com

Alibaba, NIO, XPeng Stocks Climb. Chinese Businesses Get a Regulatory Boost.

September 29, 2023 | msn.com

Nio’s, Alibaba’s stocks get a boost from China’s cyberspace regulator

September 28, 2023 | seekingalpha.com

NIO: How Low Will It Go?

September 28, 2023 | investorplace.com

NIO Stock Alert: Nio Allegedly Is in Talks With Mercedes-Benz

September 28, 2023 | benzinga.com

What's Going On With Nio Stock Thursday?

September 28, 2023 | finance.yahoo.com

NIO: Slammed by Dilution Rumors and Economic Anxiety

September 28, 2023 | uk.style.yahoo.com

Is NIO stock a buying opportunity under $10?

September 28, 2023 | usnews.com

Exclusive-China's Nio Explores Investment, Tech Alliances With Mercedes - Sources

September 27, 2023 | finance.yahoo.com

The Zacks Analyst Blog Highlights Tesla, BYD, NIO and Honda

September 27, 2023 | seekingalpha.com

NIO: Dilution Fears And Rumors

September 27, 2023 | seekingalpha.com

NIO: A Rollercoaster Worth Riding

September 26, 2023 | msn.com

NIO: Shareholder Residual At Risk

September 26, 2023 | finance.yahoo.com

NIO: Unraveling Opportunities Amidst Apparent Setbacks

September 26, 2023 | investorplace.com

Dear NIO Stock Fans, Mark Your Calendars for Sept. 28

September 26, 2023 | seekingalpha.com

NIO Stock Gets What I Think It Deserves

See More Headlines

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NIO Company Calendar

Last Earnings: 8/29/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/09/2023
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: $12.68
High Stock Price Forecast: $19.20
Low Stock Price Forecast: $7.50
Forecasted Upside/Downside: +40.3%
Consensus Rating: Hold
Rating Score (0-4): 2.30
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.80)
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: -42.97%
Pretax Margin: -42.17%
Return on Equity: -94.92%
Return on Assets: -22.60%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 1.00
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $7.14 billion
Price / Sales: 2.18
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.03 per share
Price / Book: 4.45

Miscellaneous

Outstanding Shares: 1,719,110,000
Free Float: 1,701,915,000
Market Cap: $15.54 billion
Optionable: Optionable
Beta: 2.08

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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 twelve months. There are currently 7 hold ratings and 3 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 equities research analysts have issued 1 year price targets for NIO's stock. Their NIO share price forecasts range from $7.50 to $19.20. On average, they anticipate the company's share price to reach $12.68 in the next year. This suggests a possible upside of 40.3% 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 on January 1st, 2023. Since then, NIO shares have decreased by 7.3% and is now trading at $9.04.
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 Thursday, November 9th 2023.
View our NIO earnings forecast.
How were NIO's earnings last quarter?: Nio Inc - (NYSE:NIO) issued its quarterly earnings results on Tuesday, August, 29th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.96) by $0.32. The firm earned $8.77 billion during the quarter, compared to analyst estimates of $9.16 billion. NIO had a negative net margin of 42.97% and a negative trailing twelve-month return on equity of 94.92%. The firm's revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.25) EPS.
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 third quarter 2023 earnings guidance on Tuesday, August, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.61 billion-$2.69 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 initial public offering (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 served 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."
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 $9.04.
How much money does NIO make?: NIO (NYSE:NIO) has a market capitalization of $15.54 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 ($1.80) 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 10/1/2023 by MarketBeat.com Staff

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