Could Nio stock really get delisted?
NIO Inc. (NYSE:NIO) has seen 34.35 million shares traded in the recent trading session. The company, currently valued at $53.44B, closed the recent trade at $46.04 per share which meant it gained $0.36 on the day or 0.79% during that session. The NIO stock ...
Will Nio stock go up after earnings?
With the support of the Beijing government and a strong move toward EVs, Nio is enjoying the attention and growing demand. NIO stock is up 24% in the past six months and is trading close to $40 today. However, the stock is falling after the third-quarter results.
Why to invest in NIO?
To Invest in Nio You Have to Tune Out the Traders
- Trading on the News. Some of the recent speculation regarding Nio has to do with traders selling on the news. ...
- The Battle of the Battery Continues. One way that Nio may win the electric vehicle market is with its battery as a service (BAAS) program.
- The Nio Trade Is Different Than Its Actual Story. ...
- Go Long on Nio Stock. ...
Will Nio be delisted?
Nio and rival XPeng are rapidly scaling their production as competition heats up. Nio is pursuing a listing on the Singapore Exchange. Update, February 8: NYSE: NIO kicked off a new week on the front foot and climbed to fresh three-day highs at $24.78 before reversing most gains to close Monday flat at $23.99.
Why is NIO stock dropping so much?
NIO NIO –4.08% 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.
Is NIO going up in 2021?
On a full-year basis, the market consensus sees NIO's revenue growth slowing from +108% in fiscal 2020 and +122% in FY 2021 to +75% in FY 2022, as per S&P Capital IQ data. There are a number of factors that account for NIO's slower top line expansion this year.
Is NIO overvalued 2021?
Despite a significant haircut to NIO's valuation since the summer of 2021, the stock remains overvalued. NIO has a revenue multiple of seven and no profits.
Is NIO a buy 2021?
In 2021, Nio more than doubled EV sales, despite pandemic-related challenges. Sales headwinds have grown in 2022, but Wall Street still sees Nio as a promising EV stock. Out of 28 analysts covering Nio stock, 27 rate it a buy, one has a hold and no one has a sell, FactSet says.
Should I hold or sell NIO?
14 Wall Street equities research 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 equities research analysts is that investors should "buy" NIO stock.
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.
Is NIO good long term?
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.
What is NIO price target?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.19, with a high estimate of 82.21 and a low estimate of 21.89. The median estimate represents a +46.36% increase from the last price of 20.63.
Is NIO a strong buy?
“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.
Will NIO follow Tesla?
Chinese EV Darling Nio Is Poised to Follow in Tesla's Footsteps.
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.
Why NIO stock is falling
When will NIO launch its sedan?
In general, NIO stock has remained weak the past few weeks due to China’s crackdown on Chinese firms. This negative sentiment impacted most of the other listed Chinese names, including EVs. NIO reported its results for the second quarter of 2021 on Aug. 11 after the markets closed.
NIO's stock forecast
On the earnings call, NIO mentioned that it plans to deliver three new car models next year, including its first sedan ET7. While the company aims to deliver this vehicle to Chinese consumers in early 2022, it will introduce it in Norway later in the year. The automaker also plans to make its first mass-market vehicle under another marquee.
Will NIO stock go up in 2021?
NIO stock has a consensus buy rating. Among the 17 analysts covering the stock, 65 percent recommend a buy. The other 35 percent have a hold rating on the stock. NIO’s target price of $57.6 suggests an upside of 34 percent.
Is NIO stock a good buy now?
There are a lot of positive catalysts for NIO stock that could propel it higher in 2021. The company forecasts deliveries of between 23,000 and 25,000 for the third quarter, which is a rise of 88 percent–105 percent YoY. It foresees a rise in revenues of between $1.38 billion and $1.49 billion, up 97 percent–113 percent YoY.
What happened
NIO stock is trading 32 percent down from its peak in 2021 and 20 percent down since the end of June. Its NTM EV-to-revenue multiple is currently 9.3x, which is almost half the multiple that it was trading at by the end of December 2020. Many positive developments have unfolded for the stock since then.
So what
After a torrid run the previous day, electric vehicle (EV) stock Nio (NYSE: NIO) lost momentum the last day of 2021 and was down about 1.1% as of 12:50 a.m. ET. A major development in China is to blame for Nio shares ending Dec. 31 on a muted note.
Now what
This morning, China's Finance Ministry announced a steep cut in and eventual scrapping of subsidies it currently offers to buyers of new energy vehicles (NEV). The Ministry said NEV subsidies will be cut by 30% in 2022 and then stopped altogether after Dec. 31, 2022.
Why is NIO fragmented?
While it's true that the scrapping of subsidies will mean greater competition for Chinese EV makers like Nio, the move doesn't really come as a surprise as the Chinese government had cut subsidies for 2021 as well and had hinted of a phase-out. Moreover, the subsidies were primarily available for lower-priced cars, so that shouldn't hurt Nio much.
Is the EV market competitive?
NIO’s subsidiary structure is fragmented due to its many partnerships. To better understand the services and products offered by the firm, we feel it’s better to divide them by general function and category, instead than in subsidiaries.
Will NIO convertible notes turn into shares?
The EV is very competitive at this particular moment. Hundreds of companies worldwide are attempting to conquer a market that could be one of the biggest revolutions of the next decade: electric vehicles and autonomous driving.
What company is NIO?
Several bonds listed from NIO in the past and also recently, are convertible notes that can turn into shares in the future. Analysts estimate that the share count will double by 2025.
Is there a chip shortage at NIO?
NIO, along with Ford Motor Company, BMW, and Honda Motor, has suffered from the effects of a February fire at Japanese chipmaker Renesas, which has reduced some auto suppliers' access to chips even further for the time being.
Why It Matters
Citibank analyst Jeff Chung, who recently hosted a call with NIO management, wrote on Thursday that the chip shortage has remained "the key constraint" for NIO's production in May. NIO, along with Ford Motor Company, BMW, and Honda Motor, has suffered from the effects of a February fire at Japanese chipmaker Renesas, which has reduced some auto suppliers' access to chips even further for the time being.
Why It Matters
Things have been fairly mixed for Chinese EV stocks today. Nio’s two primary peers are trading differently. XPeng (NYSE: XPEV) has fallen by 0.25% today in a pattern that closely mimics what we’ve seen from Nio. Li Auto (NASDAQ: LI ), on the other hand, is up 0.16%.
Is Ives still bullish on Nio?
NIO stock’s recent performance is clearly a good news/bad news type of scenario. The recent numbers have been disappointing. But as Cooper reminds us, it’s important to focus on the road ahead. Nio will have plenty of chances to regain the momentum it lost in recent months. The primary question is, how long will it take?
Is Nio a sedan?
And since Nio relies on third-party manufacturing, this could put the company at more risk. Despite all this, Ives is still bullish on Nio stock as are a myriad of other Wall Street analysts.
How much is Nio stock worth in 2022?
Nio was also able to introduce some innovations. For example, in early January the company launched its ET7 vehicle, which is a sedan. It has a sleek design, strong performance and full-stack autonomous driving systems. And yes, the reception has been particularly strong. The company has also been innovative with its business model.
How many units did Nio deliver in December?
Analysts have sales nearly doubling to $4.6 billion this year and surging again to $7.5 billion in 2022. The greenfield market opportunity in China appears to easily support Nio reaching these sales targets. However, the stock has a market value of $90 billion, so it will dip on any missteps.
Is Nio a leader in China?
Nio delivered 7,007 units during December for a big step up from the 5,291 in November. The Chinese EV company had generally seen small monthly delivery increases since April as the sector raced ahead.
