NIO has gained nearly 40% over the last three months, but the stock remains more than 40% lower over the last year. Nio shares have seen increased attention from retail investors lately. The stock was trending on StockTwits and Yahoo! Finance at the time of writing. NIO shares are trading higher on Monday alongside several Chinese names after China announced broad measures aimed at optimizing its business environment.

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In addition, Lai believes NIO’s target for 2023 deliveries of 240,000 to 250,000 is “ambitious,” and he’s modeling for deliveries to be much lower, around 190,000. To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. NIO’s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include IMC Chicago LLC (0.00%), E Fund Management Hong Kong Co.

NIO Stock – Frequently Asked Questions

The process, known as quantitative tightening, “reduces liquidity in the system at a time when market-making capabilities are increasingly limited by regulations,” he said. The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend that he said “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.” JPMorgan Chase delivered strong profits for the third quarter along with a stern warning Friday from its top executive about the perils the world faces from multiple threats. The communications equipment company trimmed its profit forecast for the current quarter. The biggest U.S. mortgage lender beat analysts’ third-quarter financial forecasts. Chinese authorities have announced a series of pledges over the last week aimed at optimizing its business and investing environment ahead of the Politburo meeting later this week.

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  • Battery swapping opens the door not only to long-term customer relationships via battery-swapping plans, otherwise known as BaaS or battery-as-a-service but also to the ability to sell cars without a battery which greatly reduces the price point.
  • 10 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for NIO in the last twelve months.
  • This is referencing a brighter tomorrow brought about by revolutionary technology in EV and battery technology.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently
result in a cost basis of zero. Earlier today, the EV maker reacted to the report saying it is “without merit and contains numerous errors, unsupported speculations, and misleading conclusions and interpretations”. Gold lmfx review extended its daily rally and climbed above $1,920 for the first time in over two weeks on Friday. Escalating geopolitical tensions ahead of the weekend weigh on T-bond yields and provide a boost to XAU/USD, which remains on track to gain nearly 5% this week. FXStreet and the author do not provide personalized recommendations.

Yet meeting its newly broadened appetite for returns proved challenging at a time of ultra-low rates. Lai cut his rating to neutral, after being at overweight since October 2020. What kinds of production rates should investors be looking for, then? Assume 20,000 units produced in Q1, and 22,500 in Q2 — that leaves 48,000 cars that NIO will need to build and ship in the second half of the year in order to hit its year-long production goal. That works out to 8,000 cars per month in Qs 3 and 4, and if NIO can do 7,500 cars a month with supply chain problems, it seems reasonable to assume it can do 8,000 a month without them.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Morgan’s Nick Lai “tactical” downgrade of the China-based electric vehicle maker, citing concerns that margins could deteriorate further the company will miss delivery goals. The downgrade comes a day after NIO (NIO) reported a wider-than-expected fourth-quarter loss, as vehicle margins contracted sharply, and provided a downbeat first-quarter revenue outlook. Morgan’s Nick Lai “tactical” downgrade of the China-based electric vehicle maker, citing concerns that margins could deteriorate further the company will miss delivery goals.

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Like many start-ups, NIO has faced cash investment challenges, evolving as it has moved through different phases of its business life cycle. It has experienced rapid growth, combined with a torrent of investment capital, which created vast cash management challenges. NIO has a high cash burn rate due to the high cost of research and development.

Price Target and Rating

They believe Riot Platforms and Marathon Digital are both worthy only of underweight (sell) recommendations, while they were on the fence and did not provide a recommendation for Cipher Mining. That morning, a team of analysts at JPMorgan Chase initiated coverage of a set of Bitcoin mining stocks, among which was Riot Platforms. The other segment titles now being tracked by the bank are Marathon Digital, Cipher Mining, and CleanSpark. They believe these five stocks are the five best companies for investors to buy now… Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Financial Calendars

The company had just 50% of U.S. sales of electric vehicles in the third quarter. That low figure highlights the need for new models and more output. In comparison, shares of U.S.-based rival Tesla Inc. (TSLA), which recorded $18.15 billion in revenue from China in 2022, or 22.3% of total revenue, have slipped 2.0% over the past three months. The iShares MSCI China exchange-traded fund (MSCI) has gained 5.6% the past three months and the S&P 500 index has slipped 2.2%. NIO issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 29th.

A new research report from a prominent bank shined a harsh light on Riot Platforms (RIOT -0.54%) Wednesday. The company, a Bitcoin miner, saw its share price network engineering description & career erode by nearly 8% as a result. That performance contrasted unfavorably with that of the S&P 500 index, which was in positive territory with a 0.4% rise.

For Business

On the earnings conference call, NIO said it will enter the European market and has researched entering the US market according to Reuters. The value of investments may go down as well as up and investors may not get back the full amount invested. NIO also benefitted from JPM GL’s Morgan Money, a multi-currency, 24/7 trading and risk management platform.

The consensus among Wall Street analysts is that investors should “hold” NIO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NIO, but not buy additional shares or sell existing shares. According to JPMorgan analyst Nick Lai, NIO’s Q4 was “solid,” and even a “meaningful beat” if you back out the “unrealized foreign exchange losses” that were the primary reason NIO lost twice as much money as analysts kraken trading review had anticipated. In Q4, NIO reported $1.02 billion in quarterly sales, inching past analysts’ predicted $1.01 billion. On the bottom line, however, the 17,353 EVs NIO delivered in the fourth quarter of 2020 cost the company a GAAP net loss of $0.16 per share, and an “adjusted” loss of $0.14 per share — twice the $0.07 pro forma loss Wall Street had predicted. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Historical Prices for NIO

The company rebranded and relaunched in 2017, however, this time as Nio Inc, and is best known for its revolutionary take on batteries. Nio Inc. is headquartered in Shanghai, the People’s Republic of China. The company hit a major milestone in mid-2022 by delivering its 218,000th vehicle. China’s national Golden Week Holiday at the start of October provided a bit of a boost to spending but fell short of government expectations. Stocks were subdued in China and Hong Kong Monday following a week-long holiday on the mainland after consumer spending and home sales data roiled markets and Hamas terrorists attacked Israel over the weekend.

$46 a share — isn’t that just a couple bucks more than the $44 NIO stock costs today? And isn’t that kind of a piddling profit to be racing after? Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. It nearly goes without saying that the success of Bitcoin miners is very much tied to that of their beloved cryptocurrency.