Technical Indicators under Consideration: NIO Limited (NYSE:NIO) Reportedly Planning Entry-Level Models With Cheaper Batteries From CATL

NIO Limited (NYSE:NIO) with the stream of -5.08% in the last hour of Wednesday’s trading session.

NIO Limited (NIO) had a good day on the market for Wednesday January 06 as shares jumped -5.08% to close at $50.50. About 175,206,397 million shares traded hands on 177.11M trades for the day, compared with an average daily volume of 177.11M shares out of a total float of 1.00B. After opening the trading day at $54.02, shares of NIO Limited stayed within a range of $49.08 to $55.28.

With today’s loss, NIO Limited now has a market cap of $78.84B. Shares of NIO Limited have been trading within a range of $2.11 and $57.20 over the last year, and it had a 50-day SMA of $15.01% and a 200-day SMA of $161.40%.

Nio Inc’s – ADR (NYSE: NIO) annual Nio Day is just around the corner, and the Chinese electric vehicle manufacturer expected to unveil a host of new product and service offerings.

Ahead of the event, speculation point toward the company dipping its heel into the entry-level EV market.

What Happened: Nio has entered into a contract with battery supplier CATL for procuring a production line of lithium iron phosphate batteries, Chinese media reported.

The batteries are being tested and prepared for delivery, the reports said.

Lithium iron phosphate batteries are cheaper, as they do not use more expensive nickel and cobalt, which allows a reduction in battery prices to below $80/kilowatt-hour, a CNBC report said.

The PEG ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. Last traded has a PEG ratio of 0 where as its P/E ratio was 0. The overall volume in the last trading session was 175,206,397 shares.

Important Results:

NIO Limited has P/S value of 41.24 while its P/B esteem remains at 49.51. Likewise, the company has Return on Assets of -32.10%, Return on Equity of 231.30% and Return on Investment of -505.60%. The company demonstrates Gross Margin and Operating Margin of 3.80% and -52.20% respectively.

NIO’s price to sales ratio for trailing twelve months was 41.24 and price to book ratio for most recent quarter was 49.51, whereas price to cash per share for the most recent quarter was 23.32. The Company’s price to free cash flow for trailing twelve months was recorded as 0.

Historical Performances to Consider:

The Stock’s performances for Monthly, weekly, half-yearly, quarterly & year-to-date are mentioned below:-

On a Monthly basis the stock was 17.33%. On a weekly basis, the stock remained 9.45%. The half-yearly performance for the stock has 292.08%, while the quarterly performance was 144.32%. Looking further out we can see that the stock has moved 3.61% over the year to date. Other technical indicators are worth considering in assessing the prospects for EQT. RSI for instance was stand at 57.58.

Jake Charles

About Jake Charles

This is Jake Charles, a Senior News Writer for “Stocks Equity”. I covers “Active Stocks” sector and writes about trending Active Hot companies from an exclusive and “out of the box” perspective. I worked independently as a self motivator and with the financial institute as financial adviser to invest in the Active sector for over 9 years in the developing countries by introducing new phases and ways to improve in this sector. I like to travel all over the globe to get new experience and provide by best services to the companies. As an advisor I like to work with new people to share and explore new ideas keeping in view minimizing the operating cost and giving the best final product through new technology and minimizing the time of development.

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