NIO Inc. (NIO) Records Jump in Insider Selling

The 12-month median price target for NIO Inc. (NIO) assigned by the analysts stands at $8.5, which represents a return potential of 30.17 percent when compared to the closing price of the stock of $6.53 on Wednesday, March 13. The lowest price target for the stock is $4.2 — slightly more than -35.68 percent from NIO’s current share price. The stock will probably climb 29.56 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $12.6-month high price target. This represents a whopping 92.96 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 37.38 on daily chart, which may remain a cause for comfort. If the price breaks below $5.98 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.79 mark may result into a pull-back move towards $7.04 level. The stock is currently hovering around the first support level of $6.26. Below this, the next support is placed in the zone of $5.98. Till the time, the NIO stock trades above this level, bulls have nothing to fear.

Shares of NIO Inc. (NIO) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NIO operates in has an average P/E of 15.91. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 9.12 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.53. -5.2 percent is the gross profit margin for NIO Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.

On 13th of March, NIO Inc. (NYSE:NIO) shares ended higher after a volatile session. The shares accumulated 0.14 points or 2.19 percent at $6.53 with a heavy trade volume of 41.606 million shares. After opening the session at $6.32, the shares went as high as $6.77 and as low as $6.24, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $6.73 billion and now has 1.03 billion shares outstanding. NIO Inc. (NIO) stock has lost -12.47 percent of market value in 21 trading days.

NIO stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$3.39 a share in the trailing twelve months. The stock’s value has surged 2.51 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -52.68 percent away from its 1-year high of $13.80 and 22.06 percent up from 52-week low of $5.35. The average consensus rating on the company is 2.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.