Analyst’s Report on:NIO Limited (NYSE:NIO)

NIO Limited (NYSE:NIO) rose 0.42% during previous trade. Citigroup issued rating on the stock of NIO Limited (NYSE:NIO) in a research note issued to investors on Mar-02-20, the stock received “Downgraded” rating from Buy to Neutral from $4.30. Additionally Bernstein issued their verdict on the stock of the company, on record date of Feb-25-20 the stock was “Upgraded” from Underperform to Mkt Perform from $4 besides that on Dec-31-19 NIO Limited was “Upgraded” by BofA/Merrill from Underperform to Neutral from $2.10.

NIO Limited (NYSE:NIO)’s highest estimates of price target are $30.53 and low forecast is $6.39 based on the opinion of 11 analysts. The price target estimates represents a standard deviation of 21.92. However brokerage recommendations suggests an ABR of 3.00 based on calls of 7 experts, where 0 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 7 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.

The stock exchanged hands 19,519,520 shares versus average trading capacity of 70.25M shares, while its shares’ total market worth is $2.52B along with 1.05B outstanding shares. NIO Limited shares were trading -57.52% below from the 52-week high price mark of $5.65 and +101.68% above from the 52-week price bottom of $1.19.

However the company observed 52 week high price on Mar 17, 2020 and witnessed 52 week low price on Mar 17, 2020. The company’s price sits -33.46% below from its 50-day moving average of $3.3015 and -17.46% away from the stock’s 200-day moving average which is $2.8128.

NIO’s price to sales ratio for trailing twelve month stands at 2.28, whereas its price to book ratio for most recent quarter sits at N/A. However the company’s price to cash per share for most recent quarter stands at 10.00. Its price to free cash flow for trailing twelve months is N/A.

NIO Limited (NYSE:NIO) is expected to release the earnings of its current quarter on 3/18/2020 After Market Close. The company is expected to release $1.85 EPS for current quarter according to 5 analysts whereas the company reported $-0.35 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $2.29 and high estimate of $1.33.

For the current year Advanced Micro Devices has set to release EPS of $7.01 as per the sentiments of 9 analysts, however according to 8 analysts, the company expected to release $5.84 EPS for next year.

NIO Limited (NYSE:NIO) performance over the past one year plunged -55.14% whereas its year to date (YTD) performance indicated a bearish trend of -40.30%. During the last six months the stock rose 46.34%. Quarterly performance of the company shows declining momentum of -37.34% while its last one month trend is negative with -35.48%. Stock’s weekly performance expressed down trend of -15.49%.

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