57.15 0.00 (0.00%)
After hours: 4:48PM EDT
|Bid||57.15 x 1100|
|Ask||58.48 x 800|
|Day's Range||55.84 - 57.69|
|52 Week Range||20.37 - 58.46|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Anaplan, Inc...
During the past few weeks, Chinese electrical-vehicle manufacturer Nio (NYSE:NIO) has been in the fast lane. Nio stock up about 40% or so to $3.50. Yet the shares are still well off their highs. The stock was more than $10 in late February. Click to Enlarge Source: Shutterstock It's also important to keep in mind that the company is a recent IPO. Yet it certainly hasn't enjoyed the enthusiasm of many other operators like Zoom Video Communications (NASDAQ:ZM), Anaplan (NYSE:PLAN) and Pagerduty (NYSE:PD).But hey, IPOs can certainly make nice comebacks, right? So with Nio stock, might there be one brewing? Or should investors be skeptical?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy A Closer Look at NioWell, there are certainly some positives. Keep in mind that the sentiment for Nio stock had gotten to horrible levels. Thus a bounce back is reasonable. And there was probably short covering (this is when short sellers buy back shares to cover their positions). As of late June, about 15% of the float for Nio was shorted.But there were also some fundamental factors at work. Perhaps the most important was that the second quarter saw a pick-up in deliveries, which came to 3,553. This was above the company's quarterly guidance of 2,800 to 3,200 (albeit, this forecast was fairly conservative). In June, NIO also launched its ES6 five-seater premium SUV and the results were encouraging. Deliveries were 413.But despite all this, there are still some negative factors, and I think they could easily outweigh the positives. For example, Nio recalled more than 4,800 units of the ES8 (or close to 30% of the total deliveries for the company's history). The reason: There were three battery fires. Nio Recall WoesIt's encouraging that Nio has been proactive. Let's face it, the auto industry can be resistant to recognizing problems. Yet the recall is still something that points to quality issues, which is never a good thing for a premium vehicle. It also does not help that there are already general worries about EVs.In fact, the company's business model, which relies on the manufacturing of the vehicles from another company, could be an issue. That is, there could be more vulnerability to quality issues as Nio does not have as much control.But there is something else about the business model: It means that the margins are quite low. In other words, it could be tough for Nio to realize the benefits of the economies of scale as the company grows. And yes, this could be limiting for the stock price.It also does not help that Nio continues to burn money. During the latest quarter, the operating loss was a hefty $366 million. But the cash on hand is only about $1.12 billion and the debt load is $1.35 billion.In light of this, it would not be surprising to see another equity raise - and this would mean more dilution for the stock. Bottom Line on Nio StockEven though the Chinese government has been cutting back on subsidies, there still is considerable support to promote the EV industry. This is definitely good news for Nio stock.But then again, the company has to fight fierce competitors like BYD (OTCMKTS:BYDDF) and Beijing Electric Vehicle Co. Consider that there are nearly 486 registered EV manufactures in China! So it will be tough to stand out. It also does not help that the Chinese economy is slowing down, despite efforts to stimulate growth.All in all, there's quite a bit of risk with Nio, and it's probably best to hold off for now.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Nio Stock Isn't Cheap When You Factor in Competition and Recalls appeared first on InvestorPlace.
Investing in this cloud company that went public in 2018 has been going just as planned for wildly optimistic investors.
President and CEO of Anaplan Inc (NYSE:PLAN) Frank Calderoni sold 100,000 shares of PLAN on 06/28/2019 at an average price of $49.75 a share.
Anaplan stock will gain as its software platform becomes "stickier," with customers adding tools for more purposes, says Goldman Sachs. The broker upgraded Anaplan stock to buy from neutral.
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Insiders at tech companies are telling us our worries about the market are overblown. Over the past few weeks, insiders at more than a dozen tech firms have purchased significant amounts of their company stock. Buying has been especially pronounced at chip companies, which are particularly sensitive to China trade war saber-rattling and changes in growth prospects.
Software company Anaplan Inc (NYSE: PLAN ) proved in its first-quarter report that any initial concerns at the time of its late 2018 IPO havwe now been addressed, according to KeyBanc Capital Markets. ...
Shares have added to their gains since, and now trade at a lofty valuation of about 15 times Anaplan's expected fiscal 2020 (ends in Jan. 2020) billings. Last quarter, Anaplan's revenue grew 47% to $75.8 million, while its billings grew 57% to $87 million. Of the six business areas that Anaplan groups its various use cases into -- finance, sales, marketing, supply chain, workforce and IT -- Calderoni says about 60% of Anaplan's business still involves finance (the field it originally targeted), where its software is used for planning, budgeting and forecasting work.
For his "Executive Decision" segment of Mad Money Wednesday night, Jim Cramer sat down with Frank Calderoni, chairman and CEO of Anaplan Inc. , the financial planning company with a stock that is up 61% since Cramer last checked in. Anaplan's platform allows companies to do just that, collect data in real time and apply it to the planning process for better decision making.
This week's podcast discussion is all about vertical violations, which can be used to spot a potentially prolonged stock market correction.
Anaplan earnings topped estimates as revenue beat estimates and it reported a narrower-than-expected loss for the first quarter. Anaplan stock jumped on the news and moved into a buy zone.
Shares of the the cloud-based company Anaplan continue to rise since going public in October of 2018. Goldman Sachs analyst Heather Bellini recently upgraded the stock from Neutral to Buy with a price target of $62.00. The CEO of Anaplan, Frank Calderoni joins Yahoo Finance to discuss the company's path to profitability and more.