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As of close of business last night, NIO Inc ADR’s stock clocked out at $5.32, up 0.76% from its previous closing price of $5.28. In other words, the price has increased by $0.76 from its previous closing price. On the day, 66.06 million shares were traded. NIO stock price reached its highest trading level at $5.555 during the session, while it also had its lowest trading level at $5.05.
Ratios:
To gain a deeper understanding of NIO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 2.06 whereas as Long-Term Debt/Eq ratio is at 1.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on September 06, 2024, Upgraded its rating to Overweight and sets its target price to $8 from $5.30 previously.
JP Morgan Upgraded its Underweight to Neutral on May 15, 2024, whereas the target price for the stock was revised from $4.80 to $5.40.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NIO now has a Market Capitalization of 10719162368 and an Enterprise Value of 12402212864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 0.195 whereas that against EBITDA is -0.673.
Stock Price History:
Over the past 52 weeks, NIO has reached a high of $9.57, while it has fallen to a 52-week low of $3.61. The 50-Day Moving Average of the stock is 20.07%, while the 200-Day Moving Average is calculated to be -0.66%.
Shares Statistics:
It appears that NIO traded 46.60M shares on average per day over the past three months and 60230490 shares per day over the past ten days. A total of 1.92B shares are outstanding, with a floating share count of 1.92B. Insiders hold about 0.00% of the company’s shares, while institutions hold 15.04% stake in the company. Shares short for NIO as of 1724976000 were 194063625 with a Short Ratio of 4.16, compared to 1722384000 on 191344648. Therefore, it implies a Short% of Shares Outstanding of 194063625 and a Short% of Float of 13.059999999999999.
