NIO Dips on Q4 Outlook Falling Short

During the last session 47M of NIO Inc.’s (NYSE:NIO) shares were traded. The stock closed at $40.64 per share indicating that it lost -$2.56 or -5.93% during that day which brings the NIO Inc.’s valuation to $66.59B.

The 52-week high for the NIO Inc.’s shares is $66.99. That puts it -39.33% from that peak but still a good gain since the share price dropped to a 52-week low of $30.71, while the S&P 500’s share price change was of 31%.

The company currently has a price target of $57.61.


What does the trading volume tell us about the NIO stock?

During the last trading session, NIO Inc. (NYSE:NIO) has seen growth in its daily volume. The daily volume was of 38M, while in the last 10 days the average was 43.1M and last three months – 37.66M.

Growing short interest

The NIO Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 60.28M shares being shorted which translates into 1.48 of a short ratio for NIO, while in the previous month the shorted shares were 58.83M.

NIO Inc. (NYSE:NIO)’s financials

With a market cap of $66.59B, NIO Inc. holds a total cash of $46.91B that translates into $28.63 per share, while the total debt is of $17.32B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 127.20%. The current revenue is of $27.6B that is $19.18 per share.

This is a great sign for a bright future.