In yesterday’s Wall Street session, NIO Inc ADR (NYSE:NIO) shares traded at $8.35, down -2.11% from the previous session.
NIO stock price is now -27.37% away from the 50-day moving average and -17.51% away from the 200-day moving average. The market capitalization of the company currently stands at $12.71B.
With the price target reduced from $25.80 to $7.50, Nomura Downgraded its rating from Buy to Neutral for NIO Inc ADR (NYSE: NIO).
A total of 0.01% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NIO stock. A new stake in NIO Inc ADR shares was purchased by DISCOVERY CAPITAL MANAGEMENT, LLC / CT during the first quarter worth $18,679,000. ROYAL LONDON ASSET MANAGEMENT LTD invested $17,219,000 in shares of NIO during the first quarter. In the first quarter, AMF TJANSTEPENSION AB acquired a new stake in NIO Inc ADR valued at approximately $2,873,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in NIO for approximately $2,666,000. GTS SECURITIES LLC purchased a new stake in NIO valued at around $2,630,000 in the second quarter.
On Monday morning NIO Inc ADR (NYSE: NIO) stock kicked off with the opening price of $8.07. During the past 12 months, NIO Inc ADR has had a low of $7.00 and a high of $18.40. As of last week, the company has a debt-to-equity ratio of 1.96, a current ratio of 1.00, and a quick ratio of 0.82. The fifty day moving average price for NIO is $11.45 and a two-hundred day moving average price translates $10.10 for the stock.
The latest earnings results from NIO Inc ADR (NYSE: NIO) was released for Jun, 2023. The net profit margin was -43.08% and return on equity was -88.27% for NIO. The company reported revenue of $1.21 billion for the quarter, compared to $1.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.28 percent.
NIO Inc ADR(NIO) Company Profile
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. It offers five and six-seater electric SUVs, as well as smart electric sedans. The company also offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Charger and Destination Charger; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service. In addition, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance; courtesy vehicle services; roadside assistance; data packages; and auto financing and financial leasing services. Further, the company involved in the provision of energy and service packages to its users; design and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. Additionally, it offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was incorporated in 2014 and is headquartered in Shanghai, China.
