NIO - NIO Inc.

NYSE - NYSE Delayed Price. Currency in USD
5.59
-0.38 (-6.37%)
At close: 4:00PM EDT
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Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close5.97
Open6.03
Bid5.66 x 21500
Ask5.68 x 41800
Day's Range5.52 - 6.07
52 Week Range1.19 - 6.20
Volume90,790,078
Avg. Volume44,180,840
Market Cap5.95B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-44.10
Earnings DateMay 28, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.75
  • Do Options Traders Know Something About NIO Stock We Don't?
    Zacks

    Do Options Traders Know Something About NIO Stock We Don't?

    Investors need to pay close attention to NIO stock based on the movements in the options market lately.

  • Lamborghini sales stay hot with stock market soaring again: CEO
    Yahoo Finance

    Lamborghini sales stay hot with stock market soaring again: CEO

    Lamborghini sales stay nicely in motion despite the global economic downturn. Yahoo Finance chats with Lamborghini Chairman and CEO Stefano Domenicali.

  • Nio reports record deliveries in May
    Yahoo Finance Video

    Nio reports record deliveries in May

    Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Ines Ferre break down the market action for Nio.

  • Investopedia

    NIO Stock Retests Highs After Goldman Sachs Upgrade

    NIO shares moved sharply higher during Wednesday's session after Goldman Sachs upgraded the stock to Buy with a $6.40 per share price target.

  • Nio Shares Extend Rally As Chinese EV Manufacturer Reports Record May Deliveries
    Benzinga

    Nio Shares Extend Rally As Chinese EV Manufacturer Reports Record May Deliveries

    Nio Inc - ADR (NYSE: NIO) ADSs are adding to Wednesday's strong gains in reaction to the Chinese electric vehicle manufacturer's monthly delivery report. Nio Delivers Record May Sales The Shanghai-based company, which will soon move its Chinese headquarters to the Hefei City, said it delivered 3,436 vehicles in May, up 215.5% year-over-year. The deliveries comprised 2,685 ES6s and 751 ES8s.Cumulative deliveries as of May 31, 2020 were 42,342 vehicles, with 10,429 of those delivered in 2020, Nio said."In May, we achieved record-high monthly deliveries in our history," William Li, founder, chairman and CEO of Nio, said in a statement. The strong numbers were achieved despite fewer selling days in May due to the public holiday.Nio's Turnaround Takes Root After the COVID-19 induced slackness in January and February, the company began taking a turn for the better in March, reporting 116.8% month-over-month increase in deliveries to 1,533 vehicles. The momentum continued into April, as Nio delivered 3,155 vehicles in April."We remain fully committed to the vision of building the best user enterprise by offering high-quality premium smart electric vehicles in the years to come," Li said."We expect to achieve the delivery goal for the second quarter 2020, while continuously improving gross margin and narrowing operating loss," CFO Steven Feng said in a statement. In its first-quarter earnings report released May 28, Nio guided to second-quarter deliveries of 9,500-10,000 vehicles.Nio shares surged to a multi-month high Wednesday thanks to a 19.15% rally. The strong upward move came about amid an upgrade from Goldman Sachs. In premarket trading, Nio ADSs were adding 8.04% to $6.05. Related Links:Nio's History Of Capital Raises: A Look At The Chinese EV Manufacturer's Debt Tesla Negotiates 5M Loan In China Amid Factory Shutdowns, Shrinking Sales Photo courtesy of Nio. See more from Benzinga * Chinese EV Maker Xpeng Motors Seeks 0M US IPO: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    Nio stock surges after company posts record-high deliveries for May

    U.S.-listed shares of Chinese electric car maker Nio Inc. are up more than 6% in premarket trading Thursday after the company reported its May delivery numbers. Niobium's delivered 3,436 vehicles in the month, up 215.5% from a year earlier. The company saw deliveries of 2,685 ES6 cars, Nio's 5-seater smart utility vehicle, and 751 ES8s, its 7-seater SUV and 6-seater variant. Chief Executive William Bin Li said in a release that the May deliveries marked a record high on a monthly basis. Chief Financial Officer Steven Feng said in the release that Nio is on track to meet its second-quarter delivery goals. Nio's shares have added 68% over the past month as the S&P 500 gained about 10%. The stock got a bullish upgrade from Goldman Sachs Wednesday.

  • Nio Rising On Record-High Monthly Deliveries, Goldman Sachs Upgrade
    SmarterAnalyst

    Nio Rising On Record-High Monthly Deliveries, Goldman Sachs Upgrade

    China’s electric vehicle maker Nio Inc (NIO) has revealed that it delivered 3,436 vehicles in May 2020, representing a strong 215.5% growth year over year. Shares are now rising 3% in Thursday’s pre-market trading.The deliveries consisted of 2,685 ES6s, the company’s 5-seater high-performance premium smart electric SUV, and 751 ES8s, the company’s 7-seater high-performance premium smart electric SUV and its 6-seater variant.As of May 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 42,342 vehicles, of which 10,429 were delivered in 2020, NIO said.“In May, we achieved record-high monthly deliveries in our history” cheered William Bin Li, founder and CEO of NIO. He stated that the company “will further increase our production capacity and expand our sales network to support our future growth.”Meanwhile Steven Feng, chief financial officer of NIO, added, “We are pleased to see the strong monthly deliveries despite fewer working days due to the public holiday in May. We expect to achieve the delivery goal for the second quarter 2020, while continuously improving gross margin and narrowing operating loss.”In a further bullish signal NIO rallied 19% on June 3 after the stock received an upgrade from Goldman Sachs analyst Fei Fang. This comes on the back of rating upgrades from JP Morgan and Merrill Lynch.Fang boosted the stock from hold to buy with a $6.40 price target (14% upside potential). “We believe ES6 and ES8 volume strength has transitioned from being promotion-driven to reputation-driven,” Fang told investors, adding that never before has a domestic premium Chinese auto brand had a waiting list.With NIO stock enjoying a 39% year-to-date gain, analysts have a cautiously optimistic Moderate Buy consensus and an average analyst price target of $5.70 (2% upside potential). (See Nio stock analysis on TipRanks).Related News: Lyft Rises 5% After-Hours On Strong May Performance Can Tesla Provide the Million Mile EV Battery? Top Analyst Weighs In Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * Novavax Surging On $60M Funding For Covid-19 Vaccine Candidate * Facebook To Start Labeling State-Controlled Media Ahead of US Elections * Broadcom Reports Solid Results, Dividend As Analysts Boost PTs * Slack Plunges 15% Post-Print Despite Multi-Year Amazon Deal

  • GlobeNewswire

    NIO Inc. Provides May 2020 Delivery Update

    NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today provided its May 2020 delivery results. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle by offering premium smart electric vehicles and being the best user enterprise.

  • Chinese EV Maker Xpeng Motors Seeks $500M US IPO: Report
    Benzinga

    Chinese EV Maker Xpeng Motors Seeks $500M US IPO: Report

    Electric vehicle pioneer Tesla Inc (NASDAQ: TSLA) might be getting more tough competition from the Chinese EV market.Nio Inc - ADR (NYSE: NIO) hit the U.S. markets back in September of 2018, and now Xpeng Motors is planning a U.S. listing, the South China Morning Post reported.What Is Xpeng Motors?Xpeng, founded in 2014, is based out of Guangzhou and is backed by Alibaba Group Holding Ltd - ADR (NYSE: BABA) and Xiaomi, among others. It currently sells two EV models: G3 e-SUV, released in late 2018 and P7 E-Limousine, launched recently.Incidentally, Tesla has an ongoing litigation pending against Xpeng, alleging the latter has stolen its Autopilot source code.Xpeng is contemplating a $500 million IPO, media reports suggest. The company hasn't confirmed the speculation yet.Xpeng Motors eceived $400 million in capital infusion late last year.Related Links:Nio's History Of Capital Raises: A Look At The Chinese EV Manufacturer's Debt Tesla Negotiates 5M Loan In China Amid Factory Shutdowns, Shrinking Sales Photo credit: Navigator84, WikimediaSee more from Benzinga * Here's Why Nio Shares Are Rallying To A Multi-Month High * Tesla's China, Europe Performance Suggests Quarter Will Be One Of Automaker's Weakest, Says Gordon Johnson * Tesla's FSD Package Shows Automaker's Potential For Software Revenue(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barrons.com

    How Tesla Helped a Rival Get a Buy Rating From Goldman Sachs

    Stock in the Chinese electric vehicle maker NIO jumped more than 15% after Goldman Sachs recommended the shares.

  • Why NIO Stock Is Up Today
    Motley Fool

    Why NIO Stock Is Up Today

    Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher again on Wednesday following an upgrade from a Goldman Sachs analyst. As of 11:30 a.m. EDT, NIO's American depositary shares were up about 10.7% from Tuesday's closing price and up nearly 25% since the company's earnings report on May 28. In a note released late on Tuesday, Goldman Sachs analyst Fei Fang raised his rating on NIO's shares from neutral to buy with a price target of $6.40.

  • MarketWatch

    Nio stock rallies 15% after Goldman Sachs upgrades it to buy

    American depositary receipts of Nio Inc. gained more than 15% on Wednesday after analysts at Goldman Sachs upgraded the ADRs to buy, saying that liquidity risks "that were challenging Nio's financial sustainability in 2019 have started abating." The China-based electric-car maker likely has narrowed its cash burn thanks mostly to "the accumulation of demand strength," the Goldman analysts said. Moreover, the company's year-to-date delivery volume, up 37% on-year between January and April, "has highlighted Chinese consumers' growing recognition of this emerging auto brand." Nio ADRs have gained 35% so far this year, versus losses of 3.6% and 8.6% for the S&P 500 index and the Dow Jones Industrial Average .

  • Reuters

    Geely's Polestar plans China showroom expansion to compete with Tesla -sources

    Polestar, the premium electric vehicle maker owned by China's Geely, plans a big expansion of its showroom network in the mainland, sources said, as it prepares for delivery of cars to compete with Tesla Inc's locally made Model 3. Showroom strength is becoming an important differentiator for electric vehicle (EV) makers in the world's biggest auto and EV market, as they line up new model launches. Polestar, which plans to deliver Polestar 2 electric sedans in China from July, currently has one showroom, in the capital Beijing.

  • Nio CEO Says Tesla An Ally In Increasing Sales, Remains Bullish On Chinese EV Market Growth
    Benzinga

    Nio CEO Says Tesla An Ally In Increasing Sales, Remains Bullish On Chinese EV Market Growth

    Nio Inc. - ADR (NYSE: NIO) Chief Executive Officer William Li on Sunday told Bloomberg that the Chinese electric vehicles maker sees rival Tesla Inc. (NASDAQ: TSLA) more as an ally than a competitor.What Happened "We do compete against each other, but in general we are allies," Li said, as reported by Bloomberg, pointing out that the two companies are working to grab the market from gasoline-based automakers rather than each other."In fact, our sales kept growing since Tesla started production in Shanghai," he added.Li's comments come days after Nio reported mixed earnings for the first quarter this year, as the COVID-19 pandemic took toll.It posted a loss per ADS of 22 cents, narrower than the analyst consensus of 26 cents, and highlighted enhanced cost control measures taken in the quarter.What's Next Li told Bloomberg that the long-term growth outlook for the electric vehicles market in China remains the same despite the temporary impact from the pandemic.Nio said in the earnings report that it expected both car sales and revenue in the second quarter to double year-on-year.According to Li, the company has "secured sufficient funding" for its development post the billion financial commitment received from a set of strategic investors back in April, Bloomberg reported.Li added that Nio doesn't have any concrete plans to list its shares in China, even as Chinese companies listed in the United States face increased scrutiny."This isn't a challenge for Nio only," Li said, as per Bloomberg. "We wouldn't exclude any potential options."Price Action Nio shares closed nearly 4% higher at $3.98 on Friday and were mostly unchanged in the after-hours session.Tesla shares closed 3.6% higher at $835 the same day and added another 1% in after-hours at $842.75.Image Credit: Courtesy of Nio.See more from Benzinga * Trump Sheltered In Underground Bunker As Protests Raged Outside The White House On Friday * House Republicans To Introduce Bill Banning Investments In China-Linked Foreign Defense Companies * Trump Had A 'Productive' Call With Facebook CEO Day After He Signed Executive Order Targeting Social Media: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • NIO Inc. (NIO) Q1 2020 Earnings Call Transcript
    Motley Fool

    NIO Inc. (NIO) Q1 2020 Earnings Call Transcript

    Thank you for standing by for NIO Inc.'s first-quarter 2020 earnings conference call. Please go ahead, Rui. On today's call, we have Mr. William Li, founder, chairman of the board, and CEO; Mr. Steven Feng, chief financial officer; Mr. Stanley Qu, VP of finance.

  • Barrons.com

    NIO Earnings Show China’s EV Market Is Rebounding. That’s Good for Tesla.

    The Chinese electric-vehicle maker saw demand rebound from China’s Covid-19 economic slump in April.

  • Nio Reports Mixed Q1 Results, Chinese EV Manufacturer Guides To Strong Q2
    Benzinga

    Nio Reports Mixed Q1 Results, Chinese EV Manufacturer Guides To Strong Q2

    Nio Inc's - ADR (NYSE: NIO) first-quarter revenue missed estimates Thursday, but the bottom line exceeded expectations on cost control. The company has bounced back strongly off the COVID-19 pandemic and guided to a better second quarter than anticipated by the Street. Nio's Top-Line Miss, Bottom-Line Outperformance The Shanghai-based electric vehicle maker reported a net loss attributable to ordinary shareholders of 1.7228 billion yuan ($243.3 million) for the first quarter, down 35% year-over-year and 40.5% quarter-over-quarter.Excluding items, the loss per ADS came in at 1.60 yuan (22 cents), narrower than the year-ago loss of $2.56 yuan and the previous quarter's loss of 2.73 yuan.The loss was narrower than the consensus loss estimate of 26 cents per share.The company attributed its operating performance to enhanced cost control measures taken during the COVID-19 outbreak and the initial returns from continuous efforts in operation optimization and expense control during recent quarters.Total revenues for the quarter were 1.372 billion yuan ($193.8 million), missing the consensus estimate of $234.1 million. This represented a 15.9% year-over-year decline and a 51.8% quarter-over-quarter drop.Nio's Cash Position Still Precarious Nio said in its quarterly release that cash and cash equivalents, restricted cash and short-term investments stood at $338.6 million as of March 31.The company announced in late April a 7-billion-yuan cash infusion into Nio China by a consortium consisting of Hefei City Construction and Investing Holding, CMD-SDIC Capital and Anhui Provincial Emerging Industry Investment. As part of the deal, the company is moving its Chinese headquarters to Hefei city.Nio Q1 Vehicle Deliveries, Margins Weaken Nio said it delivered 3,838 vehicles in the first quarter compared to 8,224 in the fourth quarter of 2019 and 3,989 vehicles in the first quarter of 2019. Vehicle margins came in at a negative 7.4% compared to negative 6% in the fourth quarter of 2019 and negative 7.2% in the first quarter of 2019.View more earnings on NIOThe situation has mproved from the COVID-19-induced slackness in the first quarter. In April, Nio delivered 3,155 vehicles, representing a 105.8% month-over-month increase and a 180.7% year-over-year jump."We have witnessed the order growth to have rebounded to the level prior to the COVID-19 outbreak since late April. Our strong recovery and growth were attributable to the competitiveness of our products and services, the continuous support from our user community, and the effective expansion of our sales network," William Lee, Nio's founder, chairman and CEO, said in a statement. Nio's Guidance Nio expects vehicle deliveries of 9,500-10,000 in the second quarter, which would represent record performance for the company.The company expects second-quarter revenues to be between 3.368 billion yuan and 3.534 billion yuan or $475.7 million to $499.1 million, exceeding the $350.9-million consensus estimate.NIO Price Action After advancing 9.16% to $4.17 Wednesday in the wake of an JPMorgan upgrade, Nio shares were slipping by 3.84% to $34.01 in premarket trading Thursday. Related Links:Nio's History Of Capital Raises: A Look At The Chinese EV Manufacturer's Debt Nio Analyst Says Improving Sales Trajectory, Easing Liquidity Concerns Support Bullish Stance Photo courtesy of Nio. See more from Benzinga * Tesla Negotiates 5M Loan In China Amid Factory Shutdowns, Shrinking Sales * Nio Analyst Says Improving Sales Trajectory, Easing Liquidity Concerns Support Bullish Stance * Nio More Than Doubles Deliveries In April As Domestic Economy Limps Back To Normalcy(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Electric vehicle maker Nio eyes listing of new China entity
    Reuters

    Electric vehicle maker Nio eyes listing of new China entity

    Nio secured a 7 billion yuan ($989 million) investment in Nio China from state-controlled investors last month. It would make a comprehensive decision about a stock market listing based on capital market conditions, Nio's chief executive Li Bin said on an earnings call on Thursday.

  • MarketWatch

    Nio reports narrower-than-expected loss and revenue that beat forecasts, but stock pulls back

    Nio Inc. reported Thursday a narrower-than-expected loss and revenue that fell less than forecast, but the China-based electric vehicle maker's stock pulled back 2.2% in premarket trading after soaring 27.5% over the previous two sessions. The net loss narrowed to RMB1.72 billion ($243.3 million), or RMB1.66 a share, from RMB2.65 billion, or RMB2.56 a share, in the year-ago period. Excluding non-recurring items, the adjusted loss per share was RMB1.60, beating the FactSet loss consensus of RMB1.73. Total revenue fell 15.9% to RMB1.37 billion ($193.8 million), but was above the FactSet consensus of RMB1.29 billion. Vehicle sales declined 18.2% to RMB1,26 billion ($177.3 million), while vehicle margin was negative 7.2%. Compared with the sequential fourth quarter, vehicle total revenue dropped 51.8% and vehicle sales declined 53.2% as a result of the COVID-19 outbreak in China. Vehicles delivered fell to 3,838 from 3,989. For the second quarter, Nio expects to deliver between 9,500 and 10,000 vehicles. Revenue is expected to be between RMB3.37 billion ($475.7 million) and RMB3.53 billion, compared with the FactSet consensus of RMB2.71 billion. The stock has gained 1.0% over the past three months, while U.S. rival Tesla Inc. shares have run up 22.8% and the S&P 500 has tacked on 2.8%.

  • GlobeNewswire

    NIO Inc. Reports Unaudited First Quarter 2020 Financial Results

    Quarterly Total Revenues reached RMB1,372.0 million (US$193.8 million)iQuarterly Deliveries of the ES8 and the ES6 were 3,838 vehicles SHANGHAI, China, May 28, 2020 -- NIO.

  • Why NIO Stock Is Rising Today
    Motley Fool

    Why NIO Stock Is Rising Today

    What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were trading higher amid a broad-based rally on Wednesday afternoon, after a JPMorgan analyst upgraded the stock ahead of Thursday's earnings report.

  • NIO Stock Jumps on Another Analyst Upgrade
    Motley Fool

    NIO Stock Jumps on Another Analyst Upgrade

    NIO (NYSE: NIO), a leader in China's premium electric vehicle market and a company many refer to as China's Tesla, is bouncing higher Wednesday after yet another analyst upgraded the stock. Now we believe that the rise of Tesla's Model 3, while clearly squeezing out small Chinese EV players, could lead to an emerging structural wave of B (i.e. J.P. Morgan bumped NIO's price target from $2 to $3.50.

  • Barrons.com

    NIO Stock Was Upgraded Ahead of Earnings. Here’s What That Means For Tesla.

    Chinese electric vehicle maker NIO caught an analyst upgrade just before the company is set to report earnings Thursday.

  • Why Nio's Stock Is Trading Higher Today
    Benzinga

    Why Nio's Stock Is Trading Higher Today

    Nio Inc - ADR (NYSE: NIO) shares are trading higher on Wednesday.JPMorgan upgraded the company's stock from Underweight to Neutral and raised its price target from $2 to $3.50.Nio Inc operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6.Shares of Chinese electric automaker Nio shares were up 6.28% at $4.06 at the time of publication. The stock has a 52-week high of $5.65 and a 52-week low of $1.19.Related Links:Nio Says Sales Pressured By Coronavirus, Stock Trades LowerNio Trades Higher On August Vehicle Delivery NumbersPhoto courtesy of Nio. See more from Benzinga * What To Know About NASA And SpaceX's Crew Dragon Launch * WTI Oil Trades Higher, But Demand For Brent Muted, Says Commodities Analyst * UK Clears Gilead's Remdesivir For Some Coronavirus Patients(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.