NIO Inc. (NIO) distance from 20-day Simple moving Average is -0.81%: What to Expect? – Invest Chronicle

NIO Inc. (NIO) distance from 20-day Simple moving Average is -0.81%: What to Expect?

Let’s start up with the current stock price of NIO Inc. (NIO), which is $44.68 to be very precise. The Stock rose vividly during the last session to $45.20 after opening rate of $42.23 while the lowest price it went was recorded $41.53 before closing at $42.62.Recently in News on July 30, 2021, NIO Inc. to Report Second Quarter 2021 Financial Results on Wednesday, August 11, 2021. NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer and a leading company in the premium smart electric vehicle market in China, today announced that it will report its second quarter 2021 unaudited financial results on Wednesday, August 11, 2021, after the close of the U.S. markets. You can read further details here

NIO Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $66.99 on 01/11/21, with the lowest value was $30.71 for the same time period, recorded on 05/13/21.


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NIO Inc. (NIO) full year performance was 266.23%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NIO Inc. shares are logging -33.30% during the 52-week period from high price, and 280.90% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $11.73 and $66.99.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 65888564 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the NIO Inc. (NIO) recorded performance in the market was -8.33%, having the revenues showcasing 12.15% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 69.83B, as it employees total of 7763 workers.

NIO Inc. (NIO) in the eye of market guru’s

During the last month, 15 analysts gave the NIO Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 41.27, with a change in the price was noted +3.33. In a similar fashion, NIO Inc. posted a movement of +8.05% for the period of last 100 days, recording 74,748,023 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NIO is recording 0.52 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.39.

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NIO Inc. (NIO): Stocks Technical analysis and Trends

Raw Stochastic average of NIO Inc. in the period of last 50 days is set at 51.55%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 46.02%. In the last 20 days, the company’s Stochastic %K was 29.79% and its Stochastic %D was recorded 19.88%.

If we look into the earlier routines of NIO Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -8.33%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -21.61%, alongside a boost of 266.23% for the period of the last 12 months. The shares increased approximately by 1.57% in the 7-day charts and went up by -16.02% in the period of the last 30 days. Common stock shares were driven by 12.15% during last recorded quarter.

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