In spite of NIO Inc.’s (NYSE:NIO) recent upswing, most analysts remain bearish.

In the latest session, NIO Inc. (NYSE: NIO) closed at $12.06 up 8.94% from its previous closing price of $11.07. In other words, the price has increased by $+0.99 from its previous closing price. On the day, 63742776 shares were traded. NIO stock price reached its highest trading level at $12.35 during the session, while it also had its lowest trading level at $11.15.

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For a deeper understanding of NIO Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.43.

Upgrades & Downgrades

On November 17, 2022, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $32 to $13.

China Renaissance Downgraded its Buy to Hold on November 14, 2022, whereas the target price for the stock was revised from $24.30 to $12.30.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.08 while its Price-to-Book (P/B) ratio in mrq is 4.60.

Stock Price History:

Over the past 52 weeks, NIO has reached a high of $28.99, while it has fallen to a 52-week low of $8.38. The 50-Day Moving Average of the stock is 11.18, while the 200-Day Moving Average is calculated to be 16.14.

Shares Statistics:

For the past three months, NIO has traded an average of 59.22M shares per day and 44.69M over the past ten days. A total of 1.64B shares are outstanding, with a floating share count of 1.52B. Shares short for NIO as of Oct 13, 2022 were 63.62M with a Short Ratio of 84.35M, compared to 62.13M on Sep 14, 2022.

Earnings Estimates

There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.19, while EPS last year was -$0.28. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.03 and low estimates of -$0.15.

Analysts are recommending an EPS of between -$0.12 and -$0.86 for the fiscal current year, implying an average EPS of -$0.6. EPS for the following year is -$0.21, with 20 analysts recommending between $0.25 and -$1.12.

Revenue Estimates

A total of 7 analysts believe the company’s revenue will be $1.82B this quarter.It ranges from a high estimate of $1.92B to a low estimate of $1.43B. As of the current estimate, NIO Inc.’s year-ago sales were $1.47B, an estimated increase of 23.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $3.24B, an increase of 119.40% over than the figure of $23.90% in the same quarter last year. There is a high estimate of $3.7B for the next quarter, whereas the lowest estimate is $3.01B.

A total of 25 analysts have provided revenue estimates for NIO’s current fiscal year. The highest revenue estimate was $9.21B, while the lowest revenue estimate was $6.33B, resulting in an average revenue estimate of $7.99B. In the same quarter a year ago, actual revenue was $5.39B, up 48.20% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $14.61B in the next fiscal year. The high estimate is $18.81B and the low estimate is $11.08B. The average revenue growth estimate for next year is up 82.90% from the average revenue estimate for this year.