NIO Stock Summary and Trading Ideas (Nio American Depositary Shares Each Representing One Class A Ordinary Share | NYSE:NIO)

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 160,000 EVs in 2023, accounting for about 2% of the China passenger new energy vehicle market.

Nio American Depositary Shares Each Representing One Class A Ordinary Share trades on the NYSE stock market under the symbol NIO.

As of November 20, 2024, NIO stock price climbed to $4.65 with 79,228,139 million shares trading.

NIO has a beta of 0.41, meaning it tends to be less sensitive to market movements. NIO has a correlation of 0.01 to the broad based SPY ETF.

NIO has a market cap of $9.71 billion. This is considered a Mid Cap stock.

Last quarter Nio American Depositary Shares Each Representing One Class A Ordinary Share reported $2 billion in Revenue and -$.30 earnings per share. This fell short of revenue expectation by $-39 million and exceeded earnings estimates by $.01.

In the last 3 years, NIO traded as high as $43.12 and as low as $3.61.

The top ETF exchange traded funds that NIO belongs to (by Net Assets): SPEM, PGJ, DRIV, PBW, AVEM.

NIO has underperformed the market in the last year with a price return of -40.4% while the SPY ETF gained +31.5%. However, in the short term, NIO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +20.8% vs +6.0% return in SPY. But in the last 2 weeks, NIO shares have been beat by the market, returning -7.0% compared to an SPY return of -0.1%.

NIO support price is $4.45 and resistance is $4.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NIO shares will trade within this expected range on the day.