The company hit a major milestone in mid-2022 by delivering its 218,000th vehicle. In the past three months, NIO insiders have not sold or bought any company stock. 5.89% of the outstanding shares of NIO have been sold short. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.
https://1investing.in/ and other Chinese EV names remain in growth mode as the latest delivery data showed. Furthermore, Nio’s management projected very strong EV sales growth, which would be challenging to achieve. But risks are abound for Nio, Goldman said, highlighting the intensifying competition in the EV space, potential production woes, and higher than expected prices that could limit volume. As you may recall, management is “very confident” that the company can more than double its vehicle sales in 2023. Per Li, the company is still competitive due to the strength of its vehicle offerings and related services.
Why Nio Stock Jumped Monday – Nasdaq
Why Nio Stock Jumped Monday.
Posted: Mon, 20 Mar 2023 07:00:00 GMT [source]
Tesla announced price cuts of up to 14% in January in a bid to spur demand, and the U.S. company has seen stronger than expected growth in deliveries in January. But they may hurt the competition, which is now under growing pressure to follow suit. However, I believe it is too early to speculate about the impact of Tesla’s price cuts on NIO’s revenue and delivery potential. Currently, Lunar New Year and the shorter February month conceal NIO’s real production and delivery performance. However, by around March we should know how Tesla’s price policy is affecting NIO. It has been a turbulent time for holders of Chinese tech stocks.
XPeng Stock Surges. EV Maker Expects ‘Stunning Cost Savings.’
Nio surged as much as 5% on Thursday after it received an upgrade to “buy” at Goldman Sachs with a $56 price target, representing potential upside of 66% from Wednesday’s close. “We believe Nio provides the visibility of strong volume expansion in the next 6 months, driven by the upcoming ET7,” Goldman said. NIO caught an upgrade Monday, putting shares of the Chinese electric-vehicle maker in rare air.
NIO has made an aggressive and risky gamble on the sedan segment in 2022, which is when the company launched its first two sedan products, the ET5 and the ET7. NIO chiefly launched its sedans to diversify its product line-up and to penetrate a new, but rapidly growing market segment. Citi’s new price target of $58.30, raised from $57.60, represents a potential 50% upside from Friday’s closing price of $38.62. According to the issued ratings of 11 analysts in the last year, the consensus rating for NIO stock is Moderate Buy based on the current 5 hold ratings and 6 buy ratings for NIO. The average twelve-month price prediction for NIO is $17.52 with a high price target of $31.30 and a low price target of $10.00.
NIO (NIO) Price Target & Analyst Ratings
However, the company is evidently still trying to extend itself into non-core areas. In Nio’s latest venture, the company seeks to gain a foothold in the battery swapping station industry. Recently, Feng declared Nio is“very confident” that the automaker will sell 250,000 vehicles this year. After Feng made that statement, shares of Nio in Hong Kong surged as much as 8.6%.
Yet if Nio remains reluctant to cut prices, chances are it will have an overall negative impact on demand. Not only that, while this development may now be fully absorbed by the market, more bad news may be just around the corner. Namely, the technological features of its vehicles, as well as the unique services that differentiates this brand from the competition. Instead, the company intends to compete by providing products/services well worth the higher sticker price.
INTC shares initially sold off on Thursday’s post-market release. The author has not received compensation for writing this article, other than from FXStreet. Sometimes, confidence can help a business; other times, it can be detrimental. Nio’s shareholders should focus on results more than high hopes. After all, Nio still has to show that its foray into the battery swapping station market will be successful. Most likely, it would be ideal for Nio to just stick to manufacturing vehicles.
NIO Inc. ADR
If the numbers are as underwhelming as they were last quarter, the stock will stay on a downward trajectory. Manufacturers like Nio are ramping-up production and introducing new vehicle models. With this, the competition for market share will intensify.
The EC-6 and ES6, ES7, and ES8 are all SUV crossovers with seating from 5 to 7 people. 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.
Why did NIO stock slide on Wednesday? A slew of issues sends … – Seeking Alpha
Why did NIO stock slide on Wednesday? A slew of issues sends ….
Posted: Wed, 21 Sep 2022 07:00:00 GMT [source]
NIO had the second-highest delivery volume of the top 3 EV start-ups in China in January, once again driven by a massive ramp of sedan deliveries. NIO Inc. reported solid delivery growth for the month of January, given the circumstances. Should see sales growth accelerate in the near and long term, giving its stock upside of more than 50%, according to Citi. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Stands to benefit from strong electric vehicle demand growth, which should push the stock higher, HSBC said Friday as it upgraded the company to a buy rating.
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But while Li is confident that the Chinese EV buying-public will pay up for a better product, investors believe otherwise. Just prior to these remarks, shares appeared to be on the verge of moving back to double-digit price levels. After months of speculation, there is now a definitive answer. In an April 17 interview with CNBC, Nio CEO William Li stated that the EV maker is opting out of the industry price war. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.
Goldman Sachs upgraded Nio on Thursday, saying it’s bullish on the Chinese electric vehicle maker’s new car model. “We believe Nio’s positioning of the ET7 is strategic,” Goldman’s Fei Fang said in a note. The Wall Street firm hiked its rating on the stock to a buy from neutral. Goldman maintained its 12-month price target on Nio of $56 per share, about 66% higher than the stock’s Wednesday close.
The resultant disappointment will undoubtedly drive another correction in the price of NIO stock. Based off of projected FY 2024 revenues of $18.6B, NIO has a P/S ratio of only 0.88 X… which, in my opinion, is value territory considering that NIO’s top line growth rates sits just below 40%. With shares dropping back to about $10, NIO is trading 54% below its 1-year average P/S ratio of 1.91 X.
The stock has pulled back nearly 50% from its high notched in January. Increased scrutiny this year from Beijing regulators across various industries made investors wary of Chinese equities. Nio also battled supply issues and a fatal crash of one of its vehicles using driver-assistance functions.
“The price point makes ET7 China’s most expensive car model ever launched by domestic manufacturers, strengthening Nio’s brand equity in the premium space,” Goldman said. The bank said Nio could surge 66% on the strategic potential of its upcoming ET7 vehicle. But given how far this stock has fallen, if an improvement in its fortunes takes shape, there will be plenty of time to enter a position.
NIO’s stock is owned by a variety of retail and institutional investors. 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. The company is scheduled to release its next quarterly earnings announcement on Thursday, June 8th 2023. Only 85 people have added NIO to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days.
I/we have a beneficial long position in the shares of NIO, LI, XPEV either through stock ownership, options, or other derivatives. NIO also is way undervalued relative to most U.S.-based EV companies despite outperforming all but Tesla regarding factory output and delivery volume. NIO has delivery potential but likely faces short-term headwinds due to growing pricing pressure in the EV industry.
a gentle introduction to the random walk for timesedly, Nio hopes to establish 2,300 battery swapping stations by the end of 2023. Also, the company’s attempt at marketing a smartphone called the NIO Phone looks like a non-starter. Investors should remain wary of NIO stock for the time being. Nio jumped 5% on Thursday after the Chinese EV maker was upgraded to “Buy” at Goldman Sachs. Here are four stocks that benefit, according to a money manager. Yes, it’s within the realm of possibility that quarterly guidance beats expectations, Nio crushes it with April deliveries, and subsequent results help to drive an unforeseen comeback.
The first location outside of China was opened in Norway. The Barchart Technical Opinion rating is a 100% Sell with a Average short term outlook on maintaining the current direction. Opportunistic investors would be wise to pounce on innovative growth stocks following a 33% decline in the Nasdaq Composite. According to the average brokerage recommendation , one should invest in NIO Inc. . It is debatable whether this highly sought-after metric is effective because Wall Street analysts’ recommendations… INTC stock has moved up 4.3% in Friday’s premarket after the legacy chipmaker lost less money that Wall Street expected in the first quarter.
- The first location outside of China was opened in Norway.
- “We believe Nio’s positioning of the ET7 is strategic,” Goldman’s Fei Fang said in a note.
- The author makes no representations as to the accuracy, completeness, or suitability of this information.
- The company was founded by Bin Li and Li Hong Qin on November 28, 2014 and is headquartered in Jiading, China.
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The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Nio’s story is still unfolding, and the company’s management might someday decide to focus solely on manufacturing EVs. Nio incurred a net earnings loss of $838.9 million during 2022’s fourth quarter. That loss was nearly twice as much as Wall Street had expected and was a 169.9% deeper net loss than the one reported in the year-earlier quarter. Once again, Nio is setting a high bar for itself and this could lead to another failure.