NIO stock price today is 42.74 USD with a volume of 35,893,142. At the same time, its chart fluctuates between 42.73 USD – 44.44 USD. NIO stock price was a maximum of 66.99 USD and a minimum of 5.66 USD within 52 weeks. Its average volume is 81,745,987 and it is ranked 70.03B in the MarketCap listings. The target point of NIO stock price at the end of 1 year is 52.93 USD.
NIO is a Chinese multinational automobile manufacturer headquartered in Shanghai. It focuses on designing and developing electric vehicles. NIO stopped funding the team after selling to Lisheng Racing. However, the company is also included in the FIA Formula E Championship.
Founded in 2014, the company was still very naive about vehicles when it launched, but it promised a bright future. Nio is not a company that makes its own electric cars. It exports electric vehicles through its partnership with Jianghuai Automobile Group, which is a state-owned automaker in China.
Compared to other companies in the industry, last year Nio came back from the brink of bankruptcy, with luxury electric SUV sales doubled. The company is also facing supply issues, in addition to increased competition from Tesla and from Chinese tech and auto giants.
Fundamental Analysis of NIO
Although NIO lags behind in terms of significant gains, it is a promising and growing company. EPS rating is a scale created by comparing the earnings of companies with each other. The SMR Rating is a scale created by measuring sales growth, profit margins and return on equity. Nio stock has an EPS Rating of 50 out of 99 and an SMR Rating of D.
In May, NIO’s EV sales were up 95% year-over-year, although sales suffered from the global raw shortage fell 6%. China’s emerging Tesla, with NIO in this state, announced that sales had rebounded in June, with expectations for 21,000-22,000 EV deliveries in the current second quarter.
On April 29, NIO suffered more losses than he anticipated. NIO increased revenue by 529% to $1.22 billion, but lost 48 cents per share. It is a fact that NIO gross margins are increasing and generating positive cash flow from operations.
In the first quarter, NIO achieved a 423% year-on-year increase with sales of 20,060 electric SUVs. Despite the unpredictable losses in this process, there was no major collapse. The stock could fall from 66 cents to 65 cents, according to analysts. According to Zacks Investment Research analysis results, revenue is predicted to double in 2021 to reach 5.19 billion. The stock is expected to lose 15 cents per share in 2022, though revenues are up 82%.
On May 25, Bank of America analysts announced that NIO stock could be a new buying opportunity through strong sales, increased margins and new launches.
Technical Analysis of NIO
As a result of MarketSmith chart analysis, although the company suffered huge losses at the beginning of the year and NIO stock dropped to a minimum of 30.71, the stocks made a good exit and managed to rise above the 50-day moving average. EV stock is still 34% below its January maximum of 66.99. Therefore, it is too early to make a new entry.
The 50-day moving average line is up again and the relative strength line for NIO stock is recovering after a recent dip. A rising RS line also indicates that that stock is outperforming the S&P 500 index.
NIO is promising as a company expanding internationally and innovating battery technology. However, soon the shortage of sawdust could create a headwind for automakers.
NIO stock made a significant move above the 43.22 maximum in April and the 50-day average moving line. Chinese EV stock could be the basis for NIO stock but still at January highs, so it could be a new buying point. It is necessary to continue to study and observe.