Nio Stock Jumps After Goldman Sachs Upgrades to ‘Buy’ on ET7 Potential

By Jennifer Constant | novembre 3 , 2021 | 01Commentaires fermés sur Nio Stock Jumps After Goldman Sachs Upgrades to ‘Buy’ on ET7 Potential

q a is santander uk a protected financial believes the ET7’s battery format and « battery as a service » purchase plan differentiate the model from rivals. « Battery as a service » is a way for customers to lease batteries, thereby lowering the purchase price, the bank noted. ET7’s assisted and autonomous driving features also make the product stand out, Goldman said. The firm predicts Nio will release its next sedan, the ET5, early next year. Goldman compared the ET5 to the Tesla Model 3, BMW 3-series and Mercedes C-class in terms of pricing and product. XPeng Inc. saw the largest year-over-year decline in deliveries, as it sent out just 5,218 electric vehicles to its customers.

Intraday data delayed at least 15 minutes or per exchange requirements. According to analysts, NIO’s stock has a predicted upside of 43.56% based on their 12-month price targets. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

For US and Canadian Stocks, the Overview page includes key statistics on the stock’s fundamentals, with a link to see more. Provides a general description of the business conducted by this company. NIO Inc. closed at $7.87 in the latest trading session, marking a -1.25% move from the prior day. These companies are investing in paradigm-shifting trends.

The dark blue line represents the company’s actual price. The lighter blue line represents the stock’s consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock. The chart below shows how a company’s ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month.

Micron, Tesla, Apple, Tupperware and other stocks on the move

Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more. Will Investors See Even Bigger Gains When Mobileye Reports Q1? Mobileye Global, among the largest IPOs of 2022, beat sales and earnings views in the past two quarters. This is referencing a brighter tomorrow brought about by revolutionary technology in EV and battery technology. NIO Inc recognizes batteries are the most expensive part of the EV and that charging is the most restrictive.

• Nio’s shareholders should focus on results more than high hopes.
• It is debatable whether this highly sought-after metric is effective because Wall Street analysts’ recommendations…
• Nio rose Tuesday after Citi upgraded the Chinese EV maker to « buy » from « neutral. »
• The company’s U.S.-traded shares have slipped more than 20% year to date.

The P/E ratio of NIO is -6.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Barchart is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests. With various automakers like F, XPEV, NIO, BYDDY and others joining the Tesla-fueled EV price war in China, it’s the potential EV buyers who are making the most out of the cut-throat competition. NIO Inc. closed the most recent trading day at $8.33, moving +0.6% from the previous trading session. The Chinese EV maker has a growing and innovative business.

XPeng stock jumps after new production platform unveiled, Nio and Li Auto shares also rally

HSBC also holds buy ratings on Contemporary Amperex Technology Co Ltd and BYD . Shares of Nio were down slightly during afternoon trading on Wall Street. For the year they’re down 6%, but up nearly 213% over the last year.

This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies. Nio delivered a grand total of 122,486 cars in 2022, missing the company’s own target. Yet, somehow they expect investors to believe that Nio will more than double its sales this year. This could cause the company falling short of its 250,000 vehicle sales goal.

NIO has a short interest ratio (« days to cover ») of 2.2, which is generally considered an acceptable ratio of short interest to trading volume. NIO’s unique selling proposition is to provide EVs at competitive pricing. Importantly, NIO does not really manufacture its own cars. It contracts state-owned JAC Motors, headquartered in eastern China’s Anhui province, to make vehicles. Live educational sessions using site features to explore today’s markets.

NIO (NIO) Stock Forecast, Price & News

Then the DIDI delisting not long after its IPO added to woes. Then a host of regulatory crackdowns was the final straw for international investors who bailed out of the names en masse. This is despite the EV names in particular remaining on track from a growth perspective as all have posted strong delivery data. While January deliveries slowed from December, the yearly growth rates still are impressive. January is traditionally the slowest month of the year in China though due to the lunar ew year. NIO, Inc. is a holding company which engages in the design, manufacture, and sale of electric vehicles.

But Nio should see renewed upside as the company begins delivering its premium ET7 sedan model early next year. The release of the ET7 could spark demand for Nio’s vehicles and cement the company as a leader in the premium EV market. NIO is expected to grow its revenues by an annual average rate of 38% over the next four years. Between FY 2022 and FY 2026, NIO is expected to grow its revenues from $7.4B to $26.9B which translates to a total revenue increase of 264%. The Chinese economy is reopening which could unleash pent-up demand in 2023 and help companies like NIO which have a fresh and growing EV product portfolio.

Plus, the company ought to concentrate on achieving a profitable profile, not overextending itself. Therefore, it would be wise for investors to stay cautious with NIO stock. It’s not necessarily a good thing when a stock jumps after a grand prediction. Afterwards, the company has to deliver on its promise in order to justify the share-price spike. Nio may be overextending itself by venturing into the electric vehicle charging market. Pre-market on April 28, Nio reports its latest quarterly results and guidance.

NIO Price Targets by Month

Realtime quote and/or trades are not sourced from all markets. The pair jumped to 1.2583, the highest level since May 2022, as the Pound outperformed and the US Dollar tumbled amid risk appetite. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. NIO stock gets a strong rating from the latest Barclays research. Nio’s management would probably prefer that investors forget about this, but the company recently closed itsinsurance brokerage subsidiary companybecause of regulatory problems. The automaker may be overly optimistic, and building a network of battery swapping stations might or might not be a successful venture for Nio.

The recent spike lower did fill the gap from back in October 2020. We also note this spike lower created a shooting star candle, a possible reversal signal. There is already a bullish divergence from the Relative Strength Index as shown. Getting back above indicates the bearish trend may finally be slowing.

The company had forecast deliveries between 21,000 and 22,000 for the period. June’s number follows a decline in May as the global chip shortage hurt Nio’s business. For 2021, Nio has delivered more than 41,900 cars, which is almost as high as 2020’s total of 43,728.

https://1investing.in/ launched new products such as the ET5 and ET7 sedans as well as the ES7 sport utility vehicle, which, according to CNEVPost, accounted for 86% of NIO’s deliveries in January. Represents the company’s profit divided by the outstanding shares of its common stock. Citi lifted its 2021 sales estimate for electric vehicles in the country to an estimated 2.52 million units from 1.79 million units. For 2025, the firm also boosted sales estimates to 7.84 million units from 6.86 million units. The company announced the opening of its 1,000th swapping station in China in the summer of 2022 and was on track at the time to begin expanding outside of China.

Only 298 people have searched for NIO on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days. MarketBeat has tracked 5 news articles for NIO this week, compared to 15 articles on an average week. NIO has only been the subject of 3 research reports in the past 90 days. Right-click on the chart to open the Interactive Chart menu.

Bullish bottom-fishers and dip-buyers may still believe this is prime time to accumulate a position. Mostly, because of their view that the China-based electric vehicle maker will experience a strong growth resurgence later this year. The chart below shows how a company’s share price and consensus price target have changed over time.

NIO has been rated by Barclays, JPMorgan Chase & Co., Mizuho, and Morgan Stanley in the past 90 days. NIO does not have a long track record of dividend growth. Short interest in NIO has recently increased by 6.72%, indicating that investor sentiment is decreasing significantly. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

NIO Related stocks

Caught an upgrade Monday, putting shares of the Chinese electric-vehicle maker in rare air. Louis Navellier is one of Wall Street’s renowned growth investors. Providing investment advice to tens of thousands of investors for more than three decades, he has earned a reputation as a savvy stock picker and unrivaled portfolio manager.

NIO’s stock was trading at $9.75 at the beginning of 2023. Since then, NIO stock has decreased by 19.3% and is now trading at $7.87. Sign-up to receive the latest news and ratings for NIO and its competitors with MarketBeat’s FREE daily newsletter. Nio Inc.’s automobiles are built around three key platforms that include a sports car, a line of SUV/crossovers, and a sedan. The EP-9 sports car is the firm’s first model and has been in production since 2016.

Chinese electric vehicle maker Nio should see sales growth accelerate in the near and long term, giving its stock upside of more than 50%, according to Citi. Nio’s shares have struggled in 2021, along with other stocks tied to EVs. The company’s U.S.-traded shares have slipped more than 20% year to date. Citi now projects China sales of new energy vehicles to reach 2.5 million vehicles in 2021 and 7.8 million in 2025, up from previous estimates of 1.8 million and 6.9 million. The firm slightly raised its price target on Nio to $58.30 from $57.60. The new 12-month target is roughly 51% above where the stock closed on Friday.