Why is NIO stock down?
American depositary receipts of Nio (ticker: NIO) fell nearly 8% on Thursday after the company issued a disappointing deliveries forecast and reported a steep drop in margins.
Is it good to buy NIO stock now?
“NIO is trading at attractive valuation of 1.7x one-year forward EV/sales,” added the analyst. NIO was trading for more than 13 times estimated 2021 sales back at the end of 2020. There has been a lot of valuation multiple contraction. Investors have sold high-growth stocks as inflation and interest rates have risen.
Is NIO ever going to recover?
Is NIO Expected To Grow? In the short term, NIO is still expected to grow in 2022 albeit at a slower pace as compared to 2021. As per the chart below, the sell-side analysts have been cutting NIO's top line forecasts for 1H 2022, after the company reported Q1 2022 deliveries and Q4 2021 results.
What is the future of NIO stock?
In all of 2022, analysts polled by FactSet expect Nio to almost double losses to 59 cents per share. Revenue is seen jumping 60% for the year.
Will NIO stock survive?
NIO Stock Is Still Far From Being a Bargain Nio is a speculative tech stock and doesn't expect to generate a profit until 2024. The price-to-earnings multiple based on earnings per share for 2024 is still considered quite high, more than 60 times.
Should I hold or sell NIO?
There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NIO stock.
Will NIO be delisted in us?
Last week the US Securities and Exchange Commission (SEC) put Nio on a list of 80 US-listed Chinese companies that face delisting under the Holding Foreign Companies Accountable Act (HFCAA) if they fail to turn over audit results for three straight years.
Is NIO likely to get delisted?
NIO is among a number of Chinese companies at risk of being delisted in the U.S.
What happens to my shares if a stock is delisted?
When a stock is delisted as part of a merger or due to the company being taken private, you have limited time to sell your shares before they are converted into cash or exchanged for the acquiring company's stock at a predetermined conversion rate.
How big will NIO be?
NIO delivered 25,034 vehicles in the fourth quarter of 2021 – 44.3% higher than the same quarter in 2020, according to the company's most recently announced results. Meanwhile, the number of vehicles delivered in 2021 hit 91,429.
Is NIO a good stock to buy 2022?
Hence, the current consensus estimate for NIO in the fiscal second quarter ending June 2022 calling for a 35.5% year-on-year growth in revenue to $1.77 billion looks to be rather unachievable. Recall that NIO delivered 21,896 vehicles in the second quarter of 2021.
Who is buying NIO stock?
Ark Invest CEO Cathie Wood recently bought Nio stock for the first time, and the world's largest hedge fund, Bridgewater Associates, upped its stake in Nio by a whopping 73.5% in the first quarter versus the fourth quarter according to its latest filing dated May 13.
Should I buy or sell NIO stock right now?
14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for NIO in the last twelve months. There are currently 1 ho...
What is NIO's stock price forecast for 2022?
14 brokers have issued 1 year target prices for NIO's shares. Their NIO stock forecasts range from $26.00 to $87.00. On average, they anticipate NI...
How has NIO's stock price performed in 2022?
NIO's stock was trading at $31.68 at the beginning of 2022. Since then, NIO shares have decreased by 42.7% and is now trading at $18.14. View the...
When is NIO's next earnings date?
NIO is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forecast for NIO .
How were NIO's earnings last quarter?
Nio Inc - (NYSE:NIO) posted its earnings results on Thursday, June, 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, bea...
What guidance has NIO issued on next quarter's earnings?
NIO updated its second quarter 2022 earnings guidance on Thursday, June, 9th. The company provided earnings per share guidance of for the period. T...
Who are NIO's key executives?
NIO's management team includes the following people: Mr. Bin Li , Founder, Chairman & CEO (Age 45) Mr. Lihong Qin , Pres & Director (Age 46) M...
What is William Li's approval rating as NIO's CEO?
29 employees have rated NIO CEO William Li on Glassdoor.com . William Li has an approval rating of 89% among NIO's employees.
Who are some of NIO's key competitors?
Some companies that are related to NIO include Volkswagen (VWAGY) , Ford Motor (F) , General Motors (GM) , Stellantis (STLA) , AB Volvo (publ)...
Is NIO stock a Buy, Sell or Hold?
NIO stock has received a consensus rating of buy. The average rating score is and is based on 21 buy ratings, 8 hold ratings, and 1 sell ratings.
What was the 52-week low for NIO stock?
The low in the last 52 weeks of NIO stock was 11.67. According to the current price, NIO is 155.44% away from the 52-week low.
What was the 52-week high for NIO stock?
The high in the last 52 weeks of NIO stock was 55.13. According to the current price, NIO is 32.90% away from the 52-week high.
What are analysts forecasts for NIO stock?
The 30 analysts offering price forecasts for NIO have a median target of 44.80, with a high estimate of 80.30 and a low estimate of 7.00. The media...
How much does NIO make?
The company earns $-812,130,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.
What is the average rating of NIO?
NIO has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings.
What is the P/E ratio of NIO?
The P/E ratio of NIO is -49.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Where is NIO made?
NIO Inc. designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was founded in 2014 and is headquartered in Shanghai, the People's Republic of China.
Who was the underwriter of the IPO?
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.
Does NIO pay dividends?
NIO does not currently pay a dividend.
