NIO’s stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (6.68%), Legal & General Group Plc (0.54%), Northern Trust Corp (0.32%), Portman Square Capital LLP (0.00%), Electron Capital Partners LLC (0.24%) and Wolverine Asset Management LLC (0.00%). The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024. Since then, NIO stock has decreased by 23.1% and is now trading at $7.50. Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.
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. 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. To combat both problems the company designs its cars so the batteries are easily removable which factors into the long-term plans.
Additionally, Lai argues that NIO is more than just a car company selling cars “direct” to customers. It’s also a “pioneer among Chinese EV peers leading a business model transformation from a conventional carmaker to a combination of smart mobility provider with business monetization opportunity.” 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%. 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. Li told analysts on the earnings call that the company would defer its plan of bringing battery production in-house because that would not help it improve profitability over the next three years.
Based on the stockpiles of models from major luxury carmakers, JP Morgan estimates that pricing for the Tesla Model Y could drop from around RMB 480,000 yuan today to around RMB 350,000 yuan – RMB 400,000 yuan in the second half of 2021, which could put pressure on the NIO. NIO stock has risen 10-fold this year to trade around $50, and investors are focused on whether the current high valuation can be maintained. Some suspect that NIO is now overvalued, a view also held by short-seller Citron, which just shorted NIO and believes that NIO stock should return to $25. NIO on Wednesday said its third-quarter revenue rose 146.4% year-on-year to RMB 4.53 billion ($66.6 million), beating market expectations of RMB 4.38 billion.
Six weeks ago (May 15) NIO delivered its 200,000th vehicle and ended the month with cumulative deliveries of 204,936 vehicles — after delivering 7,024 units in May 2022. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites https://forex-reviews.org/ all of TipRanks’ equity insights. According to two people in the know, that could take place by the end of year with the company planning to look for external investors once the spin-off is done. The unit is overseen by senior manufacturing engineers who have previously worked at Apple and Panasonic.
- 29 employees have rated NIO Chief Executive Officer William Li on Glassdoor.com.
- While down from August’s strong number, the October total was still up 56% year-over-year, and represents a seasonal effect more than anything else.
- Now, shares have broken through overhead pressure at the $55 mark, with support from the ascending 50-day moving average.
- The Zacks Consensus Estimate remained unchanged over the last 30 days.
In predicting a stock’s future price performance, it’s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company’s growth prospects. During a Twitter Space held after the release of the report, the research firm CEO Siegfried Eggert was answering some questions from investors and enthusiasts of the electric vehicles sector. When the CEO of Grizzly Research was asked about how many vehicles NIO has on the roads as of today and replied “100,000 vehicles”. Evidently, investors liked the news, sending shares up in the session. Whether that represents a proper shift in sentiment remains to be seen. Moving forward, Morgan Stanley analyst Tim Hsiao expects investors will closely monitor the company’s fluctuating vehicle sales and cash generation in 2024.
It posted an adjusted loss of RMB 0.82 per ADS for the third quarter, compared to analysts’ expectations of a loss of RMB 1.22. NIO’s adjusted net loss for the third quarter was RMB 996 million. NIO https://forexbroker-listing.com/ is scheduled to report 1Q2i results around May 28″. We expect a further uptick in revenue (YoY and QoQ) and continued expansion in margins. We retain our full-year estimate unchanged for now.
Stock , NIO
Nio declined to comment beyond founder and CEO William Li’s comments on an earnings call on Tuesday that the automaker would continue to do in-house research and development on batteries but now planned to outsource all of the manufacturing. NIO Inc. reported revenues of $1.21 billion in the last reported quarter, representing a year-over-year change of -21.3%. EPS of -$0.51 for the same period compares with -$0.25 a year ago.
Can NIO Stock Reach $18? Here’s What Morgan Stanley Expects
The Chinese electric-vehicle maker’s stock sold off by 13% Tuesday, one day after NIO delivered a tiny sales “beat” — but lost twice as much money as analysts had bargained for. Year-to-date, the shares in this EV stock are down 87% on Wall Street. With such negative sentiment being priced in, JPMorgan’s Lai keeps his Overweight (i.e. Buy) rating as is, alongside an $11 price target. If achieved, his price target could offer a potential return of ~67%.
The Company’s board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. Lai noted that one bottleneck that might prevent NIO from hitting this https://forex-review.net/ goal is the well-publicized deficit in automotive semiconductor chip supplies (and another, constrained supplies of electric batteries). The analyst sees these reducing production rates to perhaps 7,500 units per month in Q2, but easing up thereafter.
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Based on “earnings visibility and balance sheet strength” and his view that “PV sales will return to seasonality in 1Q23,” Lai sees “positive risk-reward” for two Chinese EV stocks in particular. We ran them both through the TipRanks database to see what the rest of the Street thinks. These potential “various types of content” may also carry higher than average profit margins — in Lai’s view, high enough to raise the company’s gross profit margin from 8% in Q to as high as 12% to 13% as soon as Q3 2020. NIO’s stock has tumbled 30.8% over the past three months through Thursday, while shares of China-based rivals XPeng Inc. (XPEV) have dropped 18.5% and Li Auto Inc. (LI) have rallied 11.2%. On Thursday, the stock had fallen as much as 5.9% to an intraday low of $8.31, the lowest price seen since July 2020, but bounced back to close up 2.9% at $9.09, amid a broad rally in the U.S.’s and China’s stock markets.
The company was founded in 2014 by Lihong Qin and William Li as NextEV. 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.