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NIO (NIO) Stock Price, News & Analysis

$4.60
-0.31 (-6.32%)
(As of 07/17/2024 ET)
Today's Range
$4.55
$4.87
50-Day Range
$4.16
$5.79
52-Week Range
$3.61
$16.18
Volume
54.75 million shs
Average Volume
54.40 million shs
Market Capitalization
$7.90 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
63.7% Upside
$7.55 Price Target
Short Interest
Healthy
10.76% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.39mentions of NIO in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.41) to ($1.00) 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.

1.21 out of 5 stars

Auto/Tires/Trucks Sector

65th out of 80 stocks

Motor Vehicles & Car Bodies Industry

17th out of 27 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

3d rendering group of solid-state or rechargeable batteries
This Solid-State Battery Stock Skyrockets on Landmark Deal (NIO)
Solid-state battery technology company QuantumScape Co. (NYSE: QS) stock awakened, jumping nearly 46% on news of a new agreement with PowerCo, a subsidiary
Human testing is the last step before this company goes big
Biotech innovations have the potential to change the world. And help you build wealth in the process.
NIO (NYSE:NIO) Shares Down 6.4%
Growth vs. GARP: Value Investors Should Buy Nio Stock Now
3 EV Stocks That Could Grow Your Wealth
3 EV Stocks to Buy Now in Hopes of a September Rate Cut
Human testing is the last step before this company goes big
Biotech innovations have the potential to change the world. And help you build wealth in the process.
Great News for Nio Stock Investors
See More Headlines
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Company Calendar

Last Earnings
6/06/2024
Today
7/17/2024
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
+54.0%
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
$8.42 billion
Optionable
Optionable
Beta
1.86

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NIO Stock Analysis - Frequently Asked Questions

How have NIO shares performed this year?

NIO's stock was trading at $9.07 at the beginning of 2024. Since then, NIO stock has decreased by 49.2% and is now trading at $4.61.
View the best growth stocks for 2024 here
.

How were NIO's earnings last quarter?

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

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.

When did NIO IPO?

NIO (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.

Who are NIO's major shareholders?

Top institutional investors of NIO include E Fund Management Hong Kong Co. Ltd. (0.06%), AMF Tjanstepension AB (0.06%), 180 Wealth Advisors LLC (0.01%) and Sequoia Financial Advisors LLC.

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.

What other stocks do shareholders of NIO own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NIO investors own include Tesla (TSLA), NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Netflix (NFLX), Block (SQ) and Micron Technology (MU).

This page (NYSE:NIO) was last updated on 7/17/2024 by MarketBeat.com Staff

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