NIO Stock News – Analysts Predict a Surge in NIO Limited (NYSE:NIO)?

NIO Limited (NYSE:NIO) shares, dropped in value on Thursday, Feb 25, with the stock price down by -4.51% to the previous day’s close as weak demand from buyers trailed the stock to $49.52.

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Actively observing the price movement in the recent trading, the stock is buoying the session at $51.86, falling within a range of $48.72 and $51.85. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $66.99, and the low was $2.11. On the whole, NIO has fluctuated by -13.55% over the past month.

With the market capitalization of NIO Limited currently standing at about $80.66 Billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.07, which is expected to increase to -$1.5 for fiscal year 2021 and then to about -$0.38 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.6% in 2021, while the next year’s EPS growth is forecast to be -0.37%.

Analysts have estimated the company’s revenue for the quarter at $1.01 Billion, with a low estimate of $978.75 Million and a high estimate of $1.04 Billion. According to the average forecast, sales growth in current quarter could jump up +148.2%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $2.48 Billion, representing an increase of 122% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that NIO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

19 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 6 analyst(s), 11 recommend it as a Buy and no body called the NIO stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 2 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.

A comparison of NIO Limited (NIO) with its peers suggests the former has fared considerably weaker in the market. NIO showed an intraday change of -4.51% in today’s session so far, and over the past year, it grew by +1078.64%. In comparison, Toyota Motor Corp Ltd Ord (TM) has moved lower at -1.09% today and is up +13.74% over the past 12 months. On the other hand, the price of Honda Motor Company (HMC) has fallen -1.16% today. The stock, however, is off 11.37% from where it was a year ago. Additionally, there is a decline of -451% for Stellantis N.V. (STLA) in recent trading while the stock has seen an overall apprecation of 1078.64% over the past year. The PE ratio stands at 0 for NIO Limited, compared to 14.89 for Toyota Motor Corp Ltd Ord, and 12.67 for Honda Motor Company. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.68%. Meanwhile, the Dow Jones Industrial weakened by -0.34%.

Data on historical trading for NIO Limited (NYSE:NIO) indicates that the trading volumes over the past 10 days have averaged 73.75 Million and over the past 3 months, they’ve averaged 119.59 Million. According to company’s latest data on outstanding shares, there are 1.56 Billion shares outstanding.

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Nearly 0.56% of NIO Limited’s shares belong to company insiders and institutional investors own 36.33% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 51.17 Million shares as on February 11, 2021, resulting in a short ratio of 0.59. According to the data, the short interest in NIO Limited (NIO) stood at 3.28% of shares outstanding as of February 11, 2021; the number of short shares registered in January reached 68.76 Million. The stock has risen by +6.4% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NIO stock heading into the next quarter.