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NYSE:NIO

NIO (NIO) Stock Price, News & Analysis

$4.30
-0.03 (-0.69%)
(As of 06/21/2024 ET)
Today's Range
$4.24
$4.35
50-Day Range
$3.80
$5.79
52-Week Range
$3.61
$16.18
Volume
22.04 million shs
Average Volume
40.40 million shs
Market Capitalization
$7.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.55

NIO MarketRank™ Stock Analysis

Analyst Rating
Hold
2.09 Rating Score
Upside/​Downside
75.5% Upside
$7.55 Price Target
Short Interest
Bearish
9.91% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.12mentions of NIO in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.39) to ($0.96) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.71 out of 5 stars

Auto/Tires/Trucks Sector

52nd out of 79 stocks

Motor Vehicles & Car Bodies Industry

11th out of 25 stocks

NIO stock logo

About NIO Stock (NYSE:NIO)

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 Stock Price History

NIO Stock News Headlines

Xpeng Nails Excellent Results on 62% Sales Growth with Margins
Xpeng Nails Excellent Results on 62% Sales Growth with Margins (NIO)
XPeng Inc. (NYSE: XPEV) is a leading Chinese smart electric vehicle (EV) maker primarily serving the Chinese domestic market. The company is focused on the
NIO logo on smartphone screen
Is NIO Stock Bottoming? Understanding Cyclicality
After announcing their first quarter 2024 earnings results, shares of NIO Inc. NYSE: NIO are now falling by as much as 7% in the day's trading session. Despite the negative media surrounding Chinese stocks and some disappointing figures for NIO recently, this event could mark the start of a bottoming for the stock and maybe even a new leg higher.
Exposed: 3 CENT Crypto to Explode June 24th?
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 different coins that have returned over 100%... Today, he is now making the biggest crypto call of his ENTIRE career…
NIO logo on smartphone screen
Is NIO Stock Bottoming? Understanding Cyclicality (NIO)
NIO stock's outlook is posing to bring double-digit (and even triple-digit) as the second quarter of the year is historically the most profitable one
photo of black  Li L9 SUV in a parked setting
Li Auto Blows a Tire on EPS Miss and Lowered Guidance. Buy Opp? (NIO)
Li Auto stock may be ready to charge higher after the Chinese EV maker reported a surprise top and bottom line miss on its Q1 2024 earnings report
NIO Stock: Nio Announces New Entertainment Deal with Cinemo
3 Chinese Stocks to Buy Now: June 2024
Exposed: 3 CENT Crypto to Explode June 24th?
Chris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 different coins that have returned over 100%... Today, he is now making the biggest crypto call of his ENTIRE career…
NIO (NYSE:NIO) Trading Up 0.5%
NIO Stock Fans Should Get Ready for a New Nio Phone
Even at Rock Bottom Prices, NIO Stock Is No Bargain
Brokerages Set Nio Inc - (NYSE:NIO) Price Target at $7.55
NIO (NYSE:NIO) Trading Up 0.7%
Critical Survey: Vicinity Motor (NASDAQ:VEV) & NIO (NYSE:NIO)
See More Headlines
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Company Calendar

Last Earnings
6/06/2024
Today
6/23/2024
Next Earnings (Estimated)
9/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
N/A
CUSIP
670984103
Fax
N/A
Employees
32,820
Year Founded
2014

Price Target and Rating

Average Stock Price Target
$7.55
High Stock Price Target
$16.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+75.5%
Consensus Rating
Hold
Rating Score (0-4)
2.09
Research Coverage
11 Analysts

Profitability

Net Income
$-2,935,790,000.00
Pretax Margin
-38.26%

Debt

Sales & Book Value

Annual Sales
$7.83 billion
Book Value
$2.11 per share

Miscellaneous

Outstanding Shares
1,719,110,000
Free Float
1,701,915,000
Market Cap
$7.39 billion
Optionable
Optionable
Beta
1.80

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NIO Stock Analysis - Frequently Asked Questions

Should I buy or sell NIO stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIO in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

11 Wall Street analysts have issued 12-month price targets for NIO's shares. Their NIO share price targets range from $4.00 to $16.00. On average, they expect the company's stock price to reach $7.55 in the next twelve months. This suggests a possible upside of 75.5% 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 2024?

NIO's stock was trading at $9.07 at the start of the year. Since then, NIO shares have decreased by 52.6% and is now trading at $4.30.
View the best growth stocks for 2024 here
.

When is NIO's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 3rd 2024.
View our NIO earnings forecast
.

How were NIO's earnings last quarter?

Nio Inc - (NYSE:NIO) posted its earnings results on Thursday, June, 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.05. The company earned $1.37 billion during the quarter, compared to analyst estimates of $1.48 billion. NIO had a negative trailing twelve-month return on equity of 111.91% and a negative net margin of 39.38%.

What guidance has NIO issued on next quarter's earnings?

NIO updated its second quarter 2024 earnings guidance on Thursday, June, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.3 billion-$2.4 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 (NIO) raised $1.2 billion in an initial public offering on Wednesday, September 12th 2018. The company issued 160,000,000 shares at a price of $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.

Who are NIO's major shareholders?

NIO's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (1.10%), Portman Square Capital LLP (0.00%), Simplex Trading LLC (0.00%), Jane Street Group LLC (0.00%), IMC Chicago LLC (0.00%) and Sumitomo Mitsui Trust Holdings Inc. (0.20%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:NIO) was last updated on 6/23/2024 by MarketBeat.com Staff

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