|Bid||15.05 x 800|
|Ask||15.03 x 1200|
|Day's Range||14.20 - 15.73|
|52 Week Range||1.19 - 15.73|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.65|
NIO's stock has risen fivefold just since early April, and shareholders have higher hopes than ever that the electric-vehicle company can do in China what Tesla (NASDAQ: TSLA) has done in the U.S. market. The event that spurred the latest move higher in NIO shares was its release of second-quarter vehicle delivery volume figures.
Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping, has filed for a U.S. initial public offering. The move, announced on Friday, comes as share prices of EV makers including Tesla Inc and Nio Inc have surged in recent months. Five-year-old Li Auto, formerly known as CHJ Automotive, is building Li ONE extended-range electric sport-utility vehicles in China's eastern city of Changzhou.
Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) closed higher again on Thursday, after a Chinese business media outlet reported that the company may be close to a securing a hefty line of credit. NIO's American depositary shares ended Thursday's session at $14.63, up 13.6% from Wednesday's closing price.
Electric vehicle stocks have been on fire recently. But eye-popping gains—as well as a potential Robinhood effect—raise concern of a looming stock price bubble.
CPCA expects NEV sales in China for second-half 2020 to be significantly higher than the corresponding period of 2019.
Workhorse, NIO, Tesla, Nikola, and Tortoise have gained almost 180% over the past month. Now their shares are trading, on average, 146% above Wall Street price targets. When stocks go up like this they become hard to value.
Shares of Nikola are “starting to look attractive for long-term investors” says JPMorgan analyst Paul Coster, upgrading the stock to Overweight from Neutral.
The electric car market is heating up as sales of Tesla's Model 3 increase, while shares of Nikola and Nio remain volatile. Yahoo Finance's Heidi Chung joins The First Trade to discuss.
What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) continued their strong run on Wednesday morning. Shares were up about 10.7% from Tuesday's closing price as of 10:45 a.m. EDT, as investors continued to flock to NIO's stock following its strong second-quarter sales report.
Shares of Nio Inc. shot up 14% on heavy volume in morning trading Wednesday, as the China-based electric vehicle company was headed for a seventh-straight gain toward a record high. Trading volume ballooned to 129.2 million shares, making the stock the most actively traded on major U.S. exchanges, and already above the full-day average of 113.4 million shares. The stock has now more than doubled (up 118.1%) during its latest win streak, which would be the longest since its record nine-day win streak that ended Jan. 21. Nio's isn't the only EV maker's stock enjoying a burst of strength of late, as U.S.-based rival Tesla Inc. shares are also rising toward a seventh-straight gain toward another record, and have gained 47.0% during their current win streak. The gains come as the both Tesla and Nio reported last week upbeat deliveries data. Nio's stock has rocketed more than fivefold (up 449.8%) year to date and Telsa shares have more than tripled (up 237.3%), while the S&P 500 has slipped 1.9%.
What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were up sharply on Tuesday afternoon, as investors continued to react positively to an upbeat June sales report. As of 2 p.m. EDT, NIO's American depositary shares were up about 12.
The EV (electric vehicle) industry has become a hot topic for investors and traders as Tesla Inc. soars well past the magic $1,000 level. Traders have also piled into ADRs of Nio Inc. . In the daily Japanese candlestick chart of NIO, below, we can see that the shares have soared sharply the past two months.
Nio Shares charged over 20% higher Monday on better-than-expected June sales.
Shares of Tesla Inc. charged higher to a fourth-straight record close Monday, after even the most bearish analyst on Wall Street analyst lifted his price target following the electric vehicle maker’s blowout deliveries results.
What happened Shares of Chinese electric-vehicle maker NIO (NYSE: NIO) were sharply higher on Monday morning, as U.S. investors returning from a holiday weekend reacted to a strong June sales report released late last week.
While General Motors' (GM) defense arm secures contracts worth $223 million to manufacture infantry squad vehicle, Ford (F) ties up with Disney for the launch of its Bronco SUV.
Shares of Nio Inc. were vaulted 21% higher in premarket trading Monday, after DigiTimes reported that the China-based electric vehicle (EV) maker recorded a big jump in sales in June. The rally puts the stock on track for a fifth-straight gain, to the highest price seen during regular session hours since Sept. 14, 2018, which was Nio's third day as a public company; the stock's record close was $11.60 on Sept. 13, 2018. The stock rocketed 35.9% over the past four sessions through Thursday. DigiTimes reported Monday, citing industry sources, that Nio sold 3,740 EVs in June, up 179% from a year ago. The report follows rival Tesla Inc. reporting on Thursday second-quarter deliveries that were well above expectations. Nio's stock has more than doubled year to date through Thursday (up 133%), while Tesla shares have nearly tripled (up 189%) and the S&P 500 has slipped 3.1%.
Green vehicles are indeed striking the right chord with investors, as is evident from the meteoric share price increase of many EV makers.
After a better-than-expected jobs report, stocks finished the holiday-shortened trading week on a strong note. Let's look at a few top stock trades for the first full week of July. Top Stock Trades for Tomorrow No. 1: Nio (NIO) Click to EnlargeSource: Chart courtesy of StockCharts.com The $5 to $6 zone was set to be a tough one for Nio (NYSE:NIO), which topped out in this area in the first quarter of 2020. Previously, this zone had been support for the stock, before Nio slumped badly in 2019.In any regard, electric car stocks have serious momentum right now -- led by Tesla (NASDAQ:TSLA), which has amassed a market cap north of $200 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn any regard, Nio shares keep pressing higher, up more than 30% so far this week. Investors undoubtedly have their eyes fixed on $10. * 7 American Manufacturing Stocks to Buy Before Recovery Let's see how the stock does with the $10 to $10.50 zone, which historically, has been resistance. If it continues as resistance, let's see that a pullback into the $6 to $7 area is met with support. Above $10.50 and the all-time highs up at $13.80 are in play. Top Stock Trades for Tomorrow No. 2: DocuSign (DOCU) Click to EnlargeSource: Chart courtesy of StockCharts.com Man, there's nothing else to say about DocuSign (NASDAQ:DOCU) other than the stock has been a complete beast.The stock never even tested its 200-day moving average during the March selloff. While shares dipped 29.9% from the February high to March low -- outperforming the S&P 500 and Nasdaq during that time -- the rebound has been stunning. Shares are now up more than 200% from that low.However, DocuSign stock nearly tagged $200 on Thursday and may be running out of momentum.I want to see $180 hold as support. If it doesn't, it puts uptrend support (blue line) and the 20-day moving average in play. On a larger dip, see if $150 and/or the 50-day moving average buoy the stock, whichever comes into play first. Top Stock Trades for Tomorrow No. 3: JPMorgan (JPM) Click to EnlargeSource: Chart courtesy of StockCharts.com Despite the rebound in the overall market, the bank stocks have struggled. For its part, JPMorgan (NYSE:JPM) is doing its best not to break down. But that's not exactly bullish.Shares are below all of the stock's key moving averages and are well off the June high near $115. In fact, just from that level, shares are down about 20%.On the plus side, JPM stock has carved out a nice bottom over the past few sessions. If it holds, the stock will create another higher low, giving bulls something to chew on. For them to maintain momentum though, shares need to reclaim the 50-day moving average, and preferably, the $100 to $102.50 area.If it falls below uptrend support, $82.50 is in play. Top Trades for Tomorrow No. 4: Moderna (MRNA) Click to EnlargeSource: Chart courtesy of StockCharts.com Moderna (NASDAQ:MRNA) has been a tricky stock lately, but it has traded very technically.While shares slipped about 6% in Thursday's session and lost the 50-day moving average, support near $55 is holding up. If it continues to hold, see that MRNA stock reclaims the 50-day and 20-day moving averages.Above those levels puts recent range resistance in play, up near $67.50. Pushing above that could put a move up toward $80 on the table.If $55 support breaks, shares could see $45.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 4 Top Stock Trades for Monday: NIO, DOCU, JPM, MRNA appeared first on InvestorPlace.
Nio (NYSE:NIO) has shifted into turbo drive Thursday, but some investors might question whether shares have gas left in the tank. Let's take a look at what's happening with Nio stock to determine a risk-adjusted solution to better navigate its thrilling ride up today.Source: Sundry Photography / Shutterstock.com The market is offering investors some pre-July 4 fireworks to finish off the abbreviated workweek. The SPDR S&P Mid-Cap 400 ETF (NYSEARCA:MDY) is up 2.25% on much stronger-than-forecast monthly jobs data. The index, however, is still struggling inside a trading range more than a month in-the-making after a historic bull-run from March's corrective bottom.But that's not stopping recently crowned mid-cap Nio, whose shares continue to trade aggressively higher.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNIO stock is up nearly 17% Thursday and leading its market-weighted peers to fresh relative highs. And those gains come on top of a near 100% return over the past month, which took shares from a small-cap valuation of around $3.5 billion to today's firm $8 billion mid-cap membership.So, what gives? Why is Nio continuing to race higher? Overnight, the EV outfit updated investors with its much better-than-forecast June and second quarter deliveries results. Backing today's joyride are record-breaking sales of more than 10,000 vehicles for the quarter amid the novel coronavirus. That's not all either. * 7 Utilities Stocks to Buy With Reassuring Dividends The solid performance represents boastful year-over-year growth of 190% and compares favorably to the first quarter's gain of around 170%. At the same time, Nio's cumulative deliveries on its ES8 and ES6 models reached more than 46,000 and exceeded the high end of the companies prior forecast. And the good news doesn't stop there.Nio investors may also want to thank EV peer Tesla (NASDAQ:TSLA). The outfit also offered a much stronger-than-expected deliveries update to its investors. And similarly, shares are bolting upwards of 8.50% to all-time-highs.A competitor's own good fortunes could spell doom-and-gloom under certain scenarios. But with Wall Street more or less fixated on "the good" from any and all reports and key data as economies look to put Covid-19 in the rear-view mirror, in today's market Tesla is a backseat driver for NIO stock in a good sort of way. Nio Stock Weekly Chart Source: Charts by TradingViewLooking at the price chart, shares of NIO are currently at risk of faltering in the short-term. The observation is supported by price action now in its fourth straight week outside of the weekly Bollinger Band. Stochastics have also formed a bearish crossover in overbought territory. But with Nio's recent and much-needed cash injection, still smallish capitalization and the known ability for momentum to take growth stocks like Nio strongly higher, the interpretation is not to rashly discount Nio's continued upside potential.Taking a second look at the price chart, Nio has also formed a very constructive saucer or cup-shaped corrective base over its time as publicly traded company. It's bullish. Now, with shares testing the 62% retracement level, NIO stock is inside the upper half of the pattern and well-positioned for future gains. And potentially, Nio investors should be rewarded with a breakout to all-time-highs in the coming months.Given that in the near-term Nio may be due for a rest, but there are no guarantees momentum won't continue to build. Being much more optimistic longer-term, my recommendation is investors consider the options market for assistance with a stronger risk-adjusted way to position in Nio. One favored strategy with shares near $9 is the Weeklys 15' Jan $10 / $17 bull call spread for $1.35 or better.The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post How to Approach Nio Stock At New All-Time Highs appeared first on InvestorPlace.
American depositary shares of Nio Inc. rallied more than 16% Thursday after the Shanghai-based electric-car maker reported second-quarter and June sales above its forecast. Nio said it delivered 3,740 vehicles in June, a 179% increase year-over-year, including 2,476 of ES6s, Nio's small SUV and its most popular vehicle. The company sold 10,331 vehicles in the second quarter, an increase of 191% from the previous-year period. As of June 30, Nio has delivered a total of 46,082 vehicles, with 14,169 delivered in 2020. A close around current levels would be Nio's highest since March 2019 and a fourth straight session of gains for the ADRs.The shares have gained 130% for the year, contrasting with losses of about 3% and 9% for the S&P 500 index and the Dow Jones Industrial Average . Earlier Thursday, Tesla Inc. reported standout quarterly delivery and production numbers, mainly relying on the U.S. company's new Shanghai-based factory.
NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today provided its June and second quarter 2020 delivery results. As of June 30, 2020, cumulative deliveries of the ES8 and the ES6 reached 46,082 vehicles, of which 14,169 were delivered in 2020.
Shares of Workhorse Group Inc. are down 4% in Wednesday trading, putting them on track to snap a record 9-day winning streak in which they rocketed more than 4-fold (up 321%). Analyst Gregory Lewis at BTIG reiterated his buy rating on the electric van maker's stock but boosted his price target to $26, which is 77% above current levels, from $10. Lewis said a key takeaway from a call he hosted with management on Tuesday was that the company has "first-mover" advantage, which was solidified when the Series C van received final regulatory safety approvals, giving the company a 1-to-2-year head start on other electric vehicle (EV) last-mile delivery competitors. He said this should allow the company to secure a revolving credit facility, which would allow it to scale up operations. Lewis said a major potential catalyst could be a $6 billion to $8 billion contract from the U.S. Postal Service, in which bids are due later this month, and an announcement of the winner is expected later this year. He said another bullish factor is the optionality around the company's 10% equity stake in Lordstown Motors Corp., which unveiled its EV Endurance pickup truck last week. The stock has skyrocketed 881% over the past three months. Among its EV rivals, shares of Tesla Inc. have run up 133% the past three months and Nikola Corp. have climbed 537%, while the S&P 500 has gained 26%.