Why is Nio stock trading lower Thursday?
Shares of Chinese electric-vehicle (EV) maker Nio (NYSE: NIO) were trading lower on Thursday, on rising COVID-19 concerns a day after it announced its best monthly sales result to date. As of 11 a.m. ET today, Nio's American depositary shares were down about 2.4% from Wednesday's closing price.
What are analysts'1-year price targets for NIO stock?
18 analysts have issued 1-year price objectives for NIO's shares. Their forecasts range from $13.50 to $80.30. On average, they anticipate NIO's share price to reach $51.40 in the next twelve months.
Are Nio shares good for investing?
Currently there seems to be a trend where stocks in the Consumer Cyclical Manufacturingsector(s) are not very popular in this period. Our Ai stock analyst implies that there will be a positive trendin the future and the NIOshares might be good for investingfor making money.
Will Nio day 2021 start with a 20% drop in shares?
Indeed, shares of popular EV names like Nio (NYSE: NIO ), Rivian Automotive (NASDAQ: RIVN) and Lucid Motors (NASDAQ: LCID) have all declined more than 20% the past month. However, the much anticipated Nio Day 2021 begins tomorrow.
Is NIO good stock to buy now?
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.
Are NIO stocks expected to go up?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.36, with a high estimate of 82.31 and a low estimate of 21.92. The median estimate represents a +90.81% increase from the last price of 15.91.
What is the future of NIO stock?
NIO's 2022 projected sales growth is about 75%. Growth stocks have been hit by inflation and the rising interest rates that inflation induces. Higher interest rates hurt growth stock valuation more than others because growth companies generate most of their earnings and cash flow far in the future.
Why is NIO stock dropping right now?
A Nio eS8 car NIO NIO +6.08% stock dropped Monday after the Chinese-based electric-car company said over the weekend that it was suspending production due to Covid-19 restrictions that have disrupted its supply chain. New Covid problems aren't the only thing on investors' minds Monday.
What is a good target price for NIO?
Based on analysts offering 12 month price targets for NIO in the last 3 months. The average price target is $36.52 with a high estimate of $51.5 and a low estimate of $26.7.
What will NIO price be in 2025?
By 2025, Nio will have perfected its manufacturing process and expanded its business to other countries. According to Long Forecast, the stock will be trading at about $55 in January 2025.
Will NIO go up 2022?
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.
Should I hold or sell NIO?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NIO in the last twelve months. 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. View analyst ratings for NIO or view top-rated stocks.
Is NIO a good 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.
Is NIO at risk of being delisted?
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.
Will NIO drop tomorrow?
Tomorrow's movement Prediction of NIO Inc. NIO as on 03 Jun 2022 looks Bearish... There has been some negative changes in this stock and it appears that this sentiment can continue tomorrow....Munafa value: 45 as on 03 Fri Jun 2022.Downside target16.37Upside target19.14Upside target19.47Upside target20.096 more rows
Is NIO a good long term investment?
Nio (NYSE: NIO) is one of my favorite electric vehicle (EV) stocks. For quite some time, it could do no wrong. In fact, between 2020 and 2021, the stock accelerated from a low of $3.40 to about $67.
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)...