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Nio Stock Price
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Nio Inc Class A Adr Price (nio) Forecast With Price Charts
Electric car maker NIO has been stuck in a batch of about 10,000 units a month for nearly a year. Courtesy Nine
Chinese electric car maker NIO offers a cautionary tale for Tesla investors. What happened to him could happen to Tesla if Tesla’s financial growth follows the same path as its Chinese rival.
NIO stock (ticker: NIO) has come under attack lately, down about 30% this year. The shares are down about 60% from July’s 52-week high of more than $55 and nearly 70% from its all-time high of $67. This is despite the recent rejection. NIO shares, which trade at around $23, fell below $12 in mid-May.
This copy is for personal, non-commercial use only. Distribution and use of this material are subject to user agreement and copyright laws. For non-personal use or to order multiple copies, contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Nio shares rose sharply on Monday after the Chinese automaker posted a third-quarter loss that fell more-than-expected on surging revenue and vehicle shipments, providing a positive outlook for the current quarter.
Nio Ramps Up Charging Network, Execs Bullish On 2023 · Technode
Nine Inc. NIO, +0.56% reported a net loss for the quarter ended September 30 of 2.52 billion renminbi ($352.8 million), or RMB 2.48 per share. ordinary shares after losses RMB 9.76 billion, or RMB 42.59. share, in the same period last year.
Excluding one-time items such as share-based charges and minority interest increase in redemption value, the adjusted loss was RMB 2.45 billion, or RMB 2.38 per share, exceeding the FactSet consensus by a loss of RMB 2.53 to share. .
Vehicle deliveries were 4,799, of which 4,196 were ES6s and 603 were ES8s, an increase of 35.1% compared to the second quarter. The ES6 is a 5-passenger luxury SUV that began deliveries in June, while the ES8 is Nio’s large SUV, which began deliveries a year earlier.
The stock was up as much as 101.2% the day before trimming its gains to close up 53.7% at $3.72, but still led all gainers listed on the New York Stock Exchange. Volumes rose to 433.8 million, against the daily average of around 36.9 million, and were enough to make the stock the most traded on the main US stock exchanges.
Deutsche Bank Says Nio Is Trading At Attractive Discount To Global Peers, Reiterates $70 Price Target
The stock posted the second-largest one-day gain since it went public in the US on September 12, 2018, and was up just 75.8% on September 13, 2018. .as of November 2019 it jumped to +184,666 %.
For the fourth quarter, Nio said it expects revenue of RMB 2.81 billion, well above the FactSet consensus of RMB 2.07 billion, while deliveries are expected to climb to more than 8,000 vehicles. .
“The electric vehicle industry saw significant relief in the second half of 2019 following the reduction of electric vehicles in China,” said CEO William Bin Li. “Despite the challenges, NIO sales have improved since September.”
“As we face a continuous soft car market, we are confident that the premium smart electric vehicle industry will outpace the industry’s growth rate in the future,” said CFO Wei Feng.
Nio (nyse: Nio) Receives Back To Back Upgrades From Morgan Stanley And Citi As The Stock Rockets To New All Time Highs On The Back Of A 400 Percent Rally
To help improve third-quarter results, Nio said it implemented cost-control measures to improve efficiency, reducing its selling, general and administrative expense (SG&A) by 18.1% compared to the second quarter and a 21.3% reduction in research and development expenses.
Nio stock is up 138.5% in the past three months but is still down 41.6% year-to-date. By comparison, shares of American competitor Tesla Inc. TSLA, -0.25% is up 24.6% this year, and the S&P 500 SPX, +0.36% is up 28.5% %. Learn more about Tesla stock.
Shares have nearly tripled since closing at a low of $1.32 on Oct. 1, 2019. The record close of $11.60 was achieved the day after its listing (September 12, 2018) and an IPO price of $6, 26 per share.
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Nio Surges After Jpmorgan Upgrades China Electric Vehicle Play And Says Shares Can Nearly Double
Tomi Kilgore is a vice president of investments and corporate editor based in New York. You can follow him on Twitter @TomiKilgore.NIO Inc. (NIO) was up more than 15% in Wednesday’s session after Goldman Sachs upgraded the stock to a Buy rating with a price target of $6.40 a share. Analyst Fei Fang cited reduced liquidity risk and less depletion after the “battery incident” as well as a 37% improvement in shipment volume between January and April.
For the first time a local auto brand has a buyer list, joining Toyota Motor Corporation(TM), Tesla, Inc. (TSLA) and select Lexus models, Fang added in a research note. Last week, NIO announced first-quarter revenue that fell 53.2% to $193.76 million, topping the consensus estimate of $18.16 million, while GAAP EPADS came in at -$0.23 , beating the consensus estimate of one cent per share.
The China Association of Automobile Manufacturers reported an 11.7% increase in vehicle sales in May to 2.14 million. Even though it was the second monthly increase, annual sales were still down 23.1% to 9.7 million. Sales are expected to decline 15% to 25% for the full year, depending on how the rest of the pandemic plays out.
From a technical standpoint, NIO stock has extended its gains over the past three sessions. The Relative Strength Index (RSI) has moved into oversold territory reading 76.38, but the Moving Average Convergence Divergence (MACD) has accelerated the trend to the upside. These indicators suggest that the stock may see some consolidation before extending its upward move.
Nio Earnings And Guidance Disappointed. Why The Stock Is Rallying.
Traders should look for consolidation below trendline resistance and trendline support in the upcoming session. If the stock breaks down, traders could see a move to new highs. If the stock breaks out, traders can see a return to the previous price channel or a change in the reaction level and the $3.31 50-day moving average.
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Nio Stock Price Forecast 2023 And 2024
Shares of Chinese electric car maker NIO received a hot refresh, but it was enough for investors to send NIO shares flying again on Tuesday.
UBS analyst Paul Gong, who is a NIO big bear, upgraded NIO stock (ticker: NIO) to Hold from Sell. The call caused NIO shares to close more than 19% to a high of $17.84 on Tuesday. Stocks don’t always move this way from simple update to Hold, but this seems to be a special case.
Shares of Chinese electric car maker NIO received a hot refresh, but it was enough for investors to send NIO shares flying again on Tuesday.
This copy is for personal, non-commercial use only. Distribution and use of this material are subject to user agreement and copyright laws. For non-personal use or to order multiple copies, contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. You are reading a complimentary article with views that may differ from The Motley Fool’s premium investment services. Become a Motley Fool member today for instant access to top analyst advice, in-depth research, investing and more. Learn more.
Chinese Electric Car Start Up Nio Doubles Deliveries As Tesla Competition Rises
Electric car stocks have been a hit for some investors. If I had invested in Tesla five years ago, I would have seen my money grow nine-fold.
Even better returns were achieved between 2019 and 2021 by some shareholders of rival automaker NIO (NYSE: NIO). But NIO stock fell further. With a low $10 share price versus a 2021 peak of over $60, would NIO be a good buy for my portfolio?
I think most would agree that the electric car market, which is already huge, is likely to see strong growth over the next few years. Estimates vary, but even at the extreme end of the spectrum, it’s hard to imagine that in ten years time, the electric car market won’t be in the billions or more. Tesla alone made $81 billion in revenue last year.
But what’s less clear, as with any new industry, is scale and distribution
Nio Stock: Time To Go All In (nyse:nio)
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