A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. NIO Inc.’s current trading price is -51.71% away from its 52-week high, while its distance from the 52-week low is 47.29%. The stock’s price range for this time frame has been between $7.00 and $21.35. The trading volume of the company’s shares in the Consumer Cyclical reached around 20.47 million for the day, which was evidently lower than the average daily volume of 59.58 million over the last three months.
The current stock price for NIO Inc. (NIO) is $10.31. The stock experienced a significant increase during the last trading session, reaching $10.47 after opening at $10.37. It dipped to a low of $10.215 before ultimately closing at $10.43.
NIO Inc. had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $21.35 on 09/19/22, while the lowest price during the same period was $7.00 on 06/01/23.
How Financial Performance Impacts Market Capitalization
NIO Inc. (NIO) has experienced a quarterly rise of 9.68% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.32B and boasts a workforce of 26763 employees.
Decoding Analysts’ Ratings for NIO Inc.
As of right now, 22 analysts are rating NIO Inc. as a BUY, 5 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.05, with a change in price of +2.41. Similarly, NIO Inc. recorded 57,976,699 in trading volume during the last 100 days, posting a change of +30.51%.
How NIO’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NIO stands at 1.29. Similarly, the long-term debt-to-equity ratio is also 0.45.
NIO Stock Stochastic Average
NIO Inc.’s raw stochastic average for the past 50 days is currently at 12.65%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 44.97%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 42.51% and 35.61%, respectively.
NIO Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. The metric has seen a significant gain of 5.74% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 24.82%. Over the past 30 days, the price of NIO has leaped by -10.35%. And in the last five days, it has fallen by -0.19%.