NYSE:NIO

NIO (NIO) Stock Forecast, Price & News

$8.64

+0.19 (+2.25%)

(As of 10:28 AM ET)

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Today's Range: $8.48
▼
$8.80
50-Day Range: $8.46
▼
$15.46
52-Week Range: $7.00
▼
$18.40

Volume: 13.03 million shs
Average Volume: 53.32 million shs
Market Capitalization: $14.85 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: 50.0% Upside
$12.68 Price Target
Short Interest: Bearish
5.90% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.19
Based on 42 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.77) to ($1.12) Per Share

Overall MarketRank^™

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

2.03 out of 5 stars

Auto/Tires/Trucks Sector

58th out of 96 stocks

Motor Vehicles & Car Bodies Industry

15th out of 31 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 50.0% from its current price of $8.46.
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
5.90% 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 1.6, 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 5.76%, indicating that investor sentiment is decreasing significantly.

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 0.19. 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 0.48 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 42 news articles for NIO this week, compared to 15 articles on an average week.
Search Interest
Only 322 people have searched for NIO on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
Only 96 people have added NIO to their MarketBeat watchlist in the last 30 days. This is a decrease of -35% 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 ($1.77) to ($1.12) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NIO is -4.70, 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 -4.70, 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 4.17. 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.

September 22, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

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

August 29, 2023 | marketbeat.com

Best Buy, Big Lots rise; NIO fall, Tuesday, 8/29/2023

Stocks that are trading heavily or have substantial price changes Tuesday: Best Buy, Big Lots rise; NIO fall

September 22, 2023 | msn.com

NIO (NYSE:NIO) Ventures Into the World of Smartphones

September 21, 2023 | msn.com

Chinese EV maker Nio releases a smartphone it expects at least half of its users to buy

September 21, 2023 | msn.com

NIO is the first electric vehicle maker with its own smartphone - will it boost shares?

September 22, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 21, 2023 | benzinga.com

Nio Stock Is Falling Thursday: What's Going On?

September 21, 2023 | 247wallst.com

NIO Introduces a New Smartphone Despite Its ADR Crisis

September 21, 2023 | reuters.com

China's Nio CEO hopes governments can have an 'open attitude'

September 21, 2023 | proactiveinvestors.com

Chinese EV firm NIO unveils smartphone that can self-drive cars

September 21, 2023 | finance.yahoo.com

China's Nio calls for 'open attitude' amid EU subsidy probe

September 21, 2023 | finance.yahoo.com

UPDATE 1-Chinese EV maker Nio launches first mobile phone

September 21, 2023 | finance.yahoo.com

Chinese EV maker Nio launches first mobile phone

September 21, 2023 | finance.yahoo.com

Unprofitable China EV Maker Nio Unveils Phone Pitched at Drivers

September 20, 2023 | benzinga.com

NIO Announces Terms Of Convertible Note Issuance; Notes Dilute Existing Holders By 6% Above Market Price

September 20, 2023 | msn.com

Nio’s stock bounces nearly 3%, a day after suffering its worst day in 4 years

September 20, 2023 | msn.com

NIO Stock Dips - Time To Buy Or Bye-Bye?

September 20, 2023 | finance.yahoo.com

NIO’s Shares Fall on Plans to Raise $1 Billion via Convertible Bonds

September 19, 2023 | benzinga.com

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