Perhaps this is the right time to buy: NIO Inc. (NIO) – Invest Chronicle

Perhaps this is the right time to buy: NIO Inc. (NIO)

NIO Inc. (NIO) is priced at $39.99 after the most recent trading session. At the very opening of the session, the stock price was $39.40 and reached a high price of $40.3431, prior to closing the session it reached the value of $41.42. The stock touched a low price of $39.10.Recently in News on November 19, 2021, NIO Inc. Announces Completion of At-The-Market Offering of American Depositary Shares. NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has completed its previously announced at-the-market offering (the “At-The-Market Offering”) of American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company. Through the At-The-Market Offering, the Company has sold 53,292,401 ADSs and raised gross proceeds of US$2 billion, before deducting commissions paid to the distribution agents of approximately US$26 million and certain offering expenses. The Company currently plans to use the net proceeds from the At-The-Market Offering to further strengthen its balance sheet, as well as for general corporate purposes. You can read further details here

NIO Inc. had a pretty Dodgy 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 -25.52%

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 -40.30% during the 52-week period from high price, and 30.22% 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 $30.71 and $66.99.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 30452065 for the day, which was evidently lower, 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 -17.95%, having the revenues showcasing 5.10% 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 63.20B, 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, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 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 40.01, with a change in the price was noted -6.05. In a similar fashion, NIO Inc. posted a movement of -13.14% for the period of last 100 days, recording 42,269,969 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 0.59 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.37.

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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 61.44%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 37.24%. In the last 20 days, the company’s Stochastic %K was 51.22% and its Stochastic %D was recorded 58.02%.

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 -17.95%. Additionally, trading for the stock in the period of the last six months notably improved by 3.55%, alongside a downfall of -25.52% for the period of the last 12 months. The shares increased approximately by 4.11% in the 7-day charts and went up by 1.73% in the period of the last 30 days. Common stock shares were driven by 5.10% during last recorded quarter.

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