Should I buy or sell NIO stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIO in the last twelve months. There are currently 6 hold ratings and 3 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?

9 equities research analysts have issued twelve-month target prices for NIO's shares. Their NIO share price targets range from $7.50 to $19.20. On average, they predict the company's share price to reach $12.55 in the next year. This suggests a possible upside of 70.1% 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 at the beginning of the year. Since then, NIO shares have decreased by 24.3% and is now trading at $7.38. 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 Wednesday, March 6th 2024. View our NIO earnings forecast .

How were NIO's earnings last quarter?

Nio Inc - (NYSE:NIO) announced its quarterly earnings data on Tuesday, August, 29th. The company reported ($3.28) earnings per share for the quarter, missing analysts' consensus estimates of ($2.96) by $0.32. The company had revenue of $8.77 billion for the quarter, compared to analysts' expectations of $9.16 billion. NIO had a negative trailing twelve-month return on equity of 94.92% and a negative net margin of 42.97%. The business's revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.25) earnings per share.

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 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) .

(NIO) raised $1.2 billion in an initial public offering 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.

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. (6.68%), Legal & General Group Plc (0.54%), Northern Trust Corp (0.32%), Portman Square Capital LLP (0.00%), Electron Capital Partners LLC (0.24%) and Wolverine Asset Management LLC (0.00%).

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 .

NIO Stock Price, News & Analysis (NYSE:NIO)

$7.39

-0.10 (-1.34%)

(As of 12/8/2023 ET)

Compare

Today's Range: $7.30
▼
$7.57
50-Day Range: $7.16
▼
$9.04
52-Week Range: $7.00
▼
$16.18

Volume: 42.59 million shs
Average Volume: 50.57 million shs
Market Capitalization: $12.70 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.55

NIO MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 70.1% Upside
$12.55 Price Target
Short Interest: Healthy
8.17% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.38
Based on 67 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.79) 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.

1.89 out of 5 stars

Auto/Tires/Trucks Sector

38th out of 67 stocks

Motor Vehicles & Car Bodies Industry

14th out of 25 stocks

3.2

Analyst's Opinion

Consensus Rating
NIO has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.55, NIO has a forecasted upside of 70.1% from its current price of $7.38.
Amount of Analyst Coverage
NIO has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
8.17% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in NIO has recently decreased by 0.30%, indicating that investor sentiment is improving.

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.

2.4

News and Social Media Coverage

News Sentiment
NIO has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 67 news articles for NIO this week, compared to 17 articles on an average week.
Search Interest
293 people have searched for NIO on MarketBeat in the last 30 days. This is an increase of 26% compared to the previous 30 days.
MarketBeat Follows
Only 50 people have added NIO to their MarketBeat watchlist in the last 30 days. This is a decrease of -7% 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 ($1.79) to ($1.26) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NIO is -4.10, 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 -4.10, 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 3.64. 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 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

30 days | 90 days | 365 days | Advanced Chart

NIO Stock News Headlines

November 28, 2023 | marketbeat.com

Li Auto smashes estimates proving EVs can be profitable (NIO)

Being profitable and raising its production forecast are two reasons the Chinese EV maker Li Auto distinctly stands out from its peers Nio and Xpeng

November 15, 2023 | marketbeat.com

Your best bets into China's race for EV takeover (NIO)

In the Chinese race to take the EV crown, there is one name that stands out head and shoulders above any other competitor. Markets and analysts know and love it

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

December 8, 2023 | reuters.com

China adds Nio, BMW-backed Spotlight to approved car manufacturers list

December 8, 2023 | finance.yahoo.com

Does NIO Inc. (NIO) Have the Potential to Rally 64.22% as Wall Street Analysts Expect?

December 8, 2023 | markets.businessinsider.com

Can NIO Stock Reach $18? Here’s What Morgan Stanley Expects

December 8, 2023 | americanbankingnews.com

NIO (NYSE:NIO) Trading Down 3.4% on Analyst Downgrade

December 7, 2023 | investorplace.com

NIO Stock Alert: Nio Is Apparently Considering More Layoffs

December 8, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

December 7, 2023 | msn.com

Stellantis Takes a Page Out of NIO’s Playbook to Battle EV Range Anxiety

December 7, 2023 | finance.yahoo.com

NIO Inc. (NIO) Moves to Buy: Rationale Behind the Upgrade

December 7, 2023 | seekingalpha.com

Why I'm Upgrading NIO Stock

December 7, 2023 | seekingalpha.com

NIO: Green Shoots And A Profit Halo

December 7, 2023 | finance.yahoo.com

Is Nio Stock a Buy Now After Earnings? Or Is It a Trap?

December 7, 2023 | americanbankingnews.com

NIO (NYSE:NIO) Price Target Cut to $15.00 by Analysts at Mizuho

December 7, 2023 | finance.yahoo.com

EV maker Nio considers more job cuts after shedding 10% staff - Bloomberg News

December 7, 2023 | finance.yahoo.com

UPDATE 1-EV maker Nio considers more job cuts after shedding 10% staff - Bloomberg News

December 7, 2023 | americanbankingnews.com

NIO Sees Unusually High Options Volume (NYSE:NIO)

December 6, 2023 | msn.com

NIO’s stock rises on report of plans to spin out battery unit