NIO Inc. (NIO): Why Analysts taking interest in NIO

Goldman announced it was Downgrade coverage of NIO Inc. in a research note on July 17, 2020. The analysts assigned a Sell rating to the stock. Goldman rated the stock as a Neutral in a research noted published on June 24, 2020. Goldman rated the stock as a Buy in a research note published on June 03, 2020.

NIO Recent Trade

The share price of NIO descended by -$0.33 during the exchanging session on 07/24/20 to exchange at $11.82. NIO Inc. stock has an exchanging volume of 93.43 million shares, which is low, contrasted with its 3-months average volume of 109.64M shares. Its market capitalization has now reached to $14.39B and analysts have a consensus target price of $6.24 in the 12-month period.

NIO Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, NIO price has rose by 6.58%. In the course of past three months sees the stock go up around 302.04%, while it has gain 153.65% over the past six months and 194.03% since the start of the year.

NIO Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Jun 2020), the firm recorded a revenue of 196.59 billion, which was higher than the gauge of 501.4M made by certain experts. For that equivalent quarter, NIO Inc. posted -$0.23 earnings per share (EPS) which was above the consensus estimate of -$0.26 by $0.03, which represents to an expansion by 11.50%.

NIO Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on NIO Inc. has seen its stock exchanging -28.10% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +300.68% above its three-month low. A more extensive look sees NIO exchanging -28.10% beneath its 52-week high and 893.28% above from its 52-week low price.

NIO Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 8.95%, while it has a month to month instability of 11.58%. Ticker has an ATR (Average True Range) of 1.31.

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