NIO Stock Is moving up 2.96% Today

NIO Limited (NYSE:NIO) news for Monday includes FCEL provided its December 2019 delivery results. NIO reached at $3.83 price level during last trade its distance from 20 days simple moving average was 44.64%, and its distance from 50 days simple moving average was 75.59% while it has a distance of 22.78% from the 200 days simple moving average.

NIO Inc. (NIO) provided its December 2019 delivery results.

NIO delivered 3,170 vehicles in December 2019, representing a robust 25.4% month-over-month growth contributed by strong sales of both the ES6, the Company’s 5-seater high-performance premium electric SUV, and the ES8, the Company’s 7-seater high-performance premium electric SUV and its 6-seater variant. The deliveries consisted of 2,537 ES6s and 633 ES8s, an increase of 22.7% and 37.3% respectively, compared with November 2019. As of December 31, 2019, aggregate deliveries of the ES6 and the ES8 reached 31,913 vehicles, of which 20,565 were delivered in 2019.

“December marked the fifth consecutive month of increasing deliveries for NIO despite the continuous softness of the overall auto industry and in particular, the significant decline of the electric vehicle sales in the second half of 2019,” said William Bin Li, founder, chairman and chief executive officer of NIO. “These results are attributable, not only to our products and services that continue to stand out from competition in quality, performance and pricing, but also to our passionate, loyal and supportive user base. Through favorable word of mouth and referrals, our existing users remain a steady and relevant driver of new orders. Our sales also benefited from the expansion of our sales network through the continued launch of more efficient NIO Spaces. With our product offerings further deepened and upgraded in 2020 though the all-new ES8, the 100-kWh battery pack and the upcoming EC6, a 5-seater smart premium electric coupe SUV, we expect our order momentum to continue going forward.”

Past 5 years growth of NIO observed at N/A, and for the next five years the analysts that follow this company are expecting its growth at 3.99%. The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, “New Concepts in Technical Trading Systems.” The true range indicator is the greatest of the following: current high less the current low, the absolute value of the current high less the previous close and the absolute value of the current low less the previous close. The average true range is a moving average, generally 14 days, of the true ranges.

NIO Limited has an average true range (ATR) of 0.37. Other technical indicators are worth considering in assessing the prospects for EQT. NIO’s price to sales ratio for trailing twelve months was 3.24 and price to book ratio for most recent quarter was N/A, whereas price to cash per share for the most recent quarter was 15.29. The Company’s price to free cash flow for trailing twelve months was N/A. Its quick ratio for most recent quarter was 0.60. Analysts mean recommendation for the stock was 3.10. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Should You Go With High Insider Ownership?

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. This aligns the interests of shareholders with management, thus benefiting everyone. While this sounds great in theory, high insider ownership can actually lead to the opposite result, a management team that is unaccountable because they can keep their jobs under almost any circumstance.

NIO Limited‘s shares owned by insiders remained 52.52%, whereas shares owned by institutional owners are 47.50%.

Meanwhile, NIO traded under umbrella of Consumer Goods sector, the stock was traded -64.00% ahead of its 52-week high and 221.85% beyond its 52-week low. So, both the price and 52-week high indicators would give you a clear-cut picture to evaluate the price direction.

As of this writing, Jake Charles did not hold a position in any of the aforementioned securities.

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