NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany.
Nio stock last closed at $4.50, down 3.64% from the previous day, and has decreased 51.09% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.16 percentage points. Nio stock is currently +1.12% from its 52-week low of $4.45, and -72.19% from its 52-week high of $16.18.
There are currently 1.76B shares of NIO outstanding. The market cap of NIO is $7.93B. In the past 24 hours, 54.66M NIO shares were traded.
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You can view all of the due diligence checks on NIO's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge NIO's true value.
Using relative valuations methods:
You can access more valuation analysis on NIO's stock here.
Out of 8 Wall Street analysts who give forecasts on NIO, the consensus analyst rating on NIO is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Xiaoyi Lei, an analyst from Jefferies maintains NIO with a hold rating and lowers their NIO price target from $8.30 to $5.90, on Mar 6, 2024.
Jiong Shao, a top 27% analyst from Barclays maintains NIO with a hold rating and lowers their NIO price target from $8.00 to $5.00, on Mar 6, 2024.
Nick Lai, a bottom 17% analyst from JP Morgan maintains NIO with a strong sell rating and lowers their NIO price target from $5.00 to $4.80, on Mar 6, 2024.
JP Morgan's Nick Lai lowered their price target on Nio (NYSE: NIO) by 4% from $5 to $4.8 on 2024/03/06. The analyst maintained their Strong Sell rating on the stock.
In an assessment of Nio's 2024/03/05-dated Q4 and FY 2023 earnings report, Lai noted that the company's quarterly performance was below expectations, further supporting their "cautious approach."
The analyst added that Nio failed to meet its quarterly vehicle margin goal while management's Q1 delivery forecast also fell short of market expectations.
NIO reported:
For Q4 2023:
For FY 2023:
For Q1 2024, management guided:
Founder, Chairman, & CEO William Bin Li commented: “In 2023, NIO set a new delivery record of 160,038 vehicles, ranking first in China’s premium BEV market with an average transaction price over RMB 300,000.
“At NIO Day 2023, we unveiled ET9, our smart electric executive flagship, showcasing a suite of our latest technologies, including our self-developed AD chip, full-domain 900V architecture, advanced intelligent chassis system, and various other industry-leading innovations.
“We will soon start deliveries of 2024 NIO products equipped with the highest computing power among production vehicles and constantly enhance users' driving and digital experience.
“Meanwhile, we plan to release Navigate on Pilot Plus (NOP+) for urban roads to all NT2.0 users in Q2.
“Our continuous investments in technologies, battery swapping network, and user community will bolster our competitive advantages as we navigate the future competition.
CFO Steven Wei Feng added, “Our vehicle margin continued to grow, reaching 11.9% in Q4 2023.
“In December 2023, we closed a $2.2B strategic equity investment from CYVN, demonstrating our unique positioning and competitiveness in the global smart EV industry.
“ Moving forward into 2024, we will prioritize our business objectives, improve system capabilities, and optimize cost management efficiency.”
Vijay Rakesh, a top 1% analyst from Mizuho maintains NIO with a strong buy rating and lowers their NIO price target from $18.00 to $15.00, on Dec 6, 2023.
You can dig deeper into what analysts are projecting on the Nio stock forecast page.
Last year, NIO revenue was $7.72B. Over the last five year, NIO's revenue has grown by 61.39% per year. This was faster than the Auto Manufacturers industry average of 35.01%.
Dig into NIO's earnings and revenue performance here.
Over the past year, executives and large shareholders at NIO have not bought or sold any shares.
Get more info about who owns NIO shares here.
No, Nio doesn't provide an income stream by paying out dividends.
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