NIO stock bounces back again, and J P. Morgan suggests it may be ‘bottoming out’

An OEM books all the revenue when it sells the cars to customers while the AFC (whose underlying asset or collateral is the car) recognizes monthly mortgage fees paid by customers. Mohit Oberoi is a freelance finance writer based in India. He has over 15 years of experience in financial markets. He has been writing extensively on global markets for the last eight years and has written over 7,500 articles. He mainly covers metals, electric vehicles, asset managers, and other macroeconomic news.

Eli Lilly was Friday’s IBD Stock Of The Day, with CrowdStrike, Arista Networks and PANW stock also selections during the week. To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Beyond the military conflicts, Dimon cited the burgeoning national debt and “the largest peacetime fiscal deficits ever” that he said are raising the risks that inflation and interest rates remain high.

  • The average twelve-month price prediction for NIO is $12.68 with a high price target of $19.20 and a low price target of $7.50.
  • The NCAA started allowing college athletes to make money from their name, image and likeness in 2021, and several students are already making millionaires.
  • NIO has gained nearly 40% over the last three months, but the stock remains more than 40% lower over the last year.
  • Nio Inc. is engaged in the design, manufacture, and sale of electric vehicles in the People’s Republic of China, the US, and Europe.
  • The RMB liquidity solutions that NIO has adopted offer an effective means for China’s corporations, all of which are facing a new cash investment market landscape.

Early Monday, Tesla reported third-quarter deliveries that fell much more than expected. Monday night, Tesla launched a new, lower-priced Model Y that’s forex trading for beginners $3,750 cheaper than the prior base variant. Late Thursday, Tesla cut Model 3 and Model Y prices in the U.S., along with Model Y cuts in Norway.

What Does The Institutional Ownership Tell Us About JPMorgan Chase?

Morgan Global Liquidity (JPM GL) after its 2018 initial public offering. JPM GL’s USD liquidity solution satisfied NIO’s low risk tolerance,need for timely access to dollars and, importantly, its desire for security. I generally consider insider ownership to be a good thing.

Shares rallied from the 21-day and 10-week lines while also clearing short-term levels, offering an early entry. VRT stock, one of 2023’s big winners, now has a new flat base with a 40.41 buy point. Along with those 10 stocks, Tesla (TSLA) rebounded from key support Friday and rose forex trading profit for the week despite a flurry of bad news. And yes, there’s a lot of corporate babble-speak in that statement, but roughly translated, what Lai is saying here is that he thinks NIO has the ability to not just sell cars to consumers, and collect money from making those sales.

The bank is currently going through a restructuring and winding down some less profitable parts of the financial conglomerate’s business, which impacted the bank’s profits this quarter. JPMorgan reported a profit of $13.15 billion, up from $9.74 billion in the same period a year earlier. On a per-share basis, profit rose to $4.33 a share from $3.12 a share a year earlier. The result beat analysts’ forecasts, which called for a profit of $3.95 a share, according to FactSet. JPMorgan shares rose 3.6% in late-morning trading on Wall Street. After some struggles for much of last week, the new stock market rally made a bullish move Friday.

  • He mainly covers metals, electric vehicles, asset managers, and other macroeconomic news.
  • NIO shares are trading higher on Monday alongside several Chinese names after China announced broad measures aimed at optimizing its business environment.
  • The 10-year bond yield did rise several basis points Friday, but the dollar retreated for a third straight session.
  • Investors could have and perhaps should have added some exposure on Friday.

What kinds of production rates should investors be looking for, then? Assume 20,000 units produced in Q1, and 22,500 in Q2 — that leaves 48,000 cars that NIO will need to build and ship in the second half of the year in order to hit its year-long production goal. That works out to 8,000 cars per month in Qs 3 and 4, and if NIO can do 7,500 cars a month with supply chain problems, it seems reasonable to assume it can do 8,000 a month without them. After the recent rise, NIO’s year to date returns now exceed that of Tesla’s that is up 451% for the year.

However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. The NCAA started allowing college athletes to make money from their name, image and likeness in 2021, and several students are already making millionaires. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 29 employees have rated NIO Chief Executive Officer William Li on William Li has an approval rating of 89% among the company’s employees.

The stock was trending on StockTwits and Yahoo! Finance at the time of writing. NIO is moving higher on above-average trading volume Monday. According to data from Benzinga Pro, more than 48 million shares pepperstone canada have already been traded compared to the stock’s 100-day average of 54.6 million shares. NIO reported positive gross margins in the second quarter of 2020 for the first time ever.

Nevertheless, in NIO’s target premium segment, we expect relatively limited competition and forecast the company to double its sales to 90k units vs. 44k last year. For the demand and supply equation in the NEV market, we believe it is now a consensus view that demand will be very robust and we agree that competition will intensify in 2H21 after numerous new models arrive. Chinese authorities have announced a series of pledges over the last week aimed at optimizing its business and investing environment ahead of the Politburo meeting later this week. Investing in financial markets carries risk, you have the potential to lose your total investment. Looking at NIO, it now trades at an NTM price to sales multiple of 12.5x that is even higher than Tesla.


True, even Lai doesn’t expect any of this to translate into actual net (or even operating) profits before 2023 at the earliest. But he seems to think that profits will come, eventually. Lockheed Martin shares rose nearly 9% and Northrop Grumman shares rose more than 11%. Choosing JPM GL also meant 24/7 cross-market operational efficiency.

The consensus rating score for NIO is 2.30 while the average consensus rating score for auto/tires/trucks companies is 2.49. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Additionally, Lai argues that NIO is more than just a car company selling cars “direct” to customers. It’s also a “pioneer among Chinese EV peers leading a business model transformation from a conventional carmaker to a combination of smart mobility provider with business monetization opportunity.” U.S. stock indexes closed higher Monday after the breakout of the Israel-Hamas war shook global markets.


“The report is without merit and contains numerous errors, unsupported speculations and misleading conclusions and interpretations regarding information relating to the Company. The Company’s board of directors, including the audit committee, is reviewing the allegations and considering the appropriate course of action to protect the interests of all shareholders. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

NIO MarketRank™ Forecast

You can see JPMorgan Chase’s historic earnings and revenue below, but keep in mind there’s always more to the story. During a Twitter Space held after the release of the report, the research firm CEO Siegfried Eggert was answering some questions from investors and enthusiasts of the electric vehicles sector. When the CEO of Grizzly Research was asked about how many vehicles NIO has on the roads as of today and replied “100,000 vehicles”.

Copyright 2023 JPMorgan Chase & Co. All rights reserved.

Ready cash and secure reserves remain mission critical to NIO. To achieve these at the same time as new AMP rules were about to go into effect required proactivity. By using the combination, NIO maximised its cash investment return opportunities.

NIO stock was trading almost 1% higher in pre markets today even as Nasdaq futures point to a gap down opening. Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors. Vertiv stock bounced 6.9% to 39.77 for the week, including Friday’s 4.2% gain.

Would China be Able to Grow at 5% in 2023? Analysts Weigh In

NIO issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.61 billion-$2.69 billion. Lai noted that one bottleneck that might prevent NIO from hitting this goal is the well-publicized deficit in automotive semiconductor chip supplies (and another, constrained supplies of electric batteries). The analyst sees these reducing production rates to perhaps 7,500 units per month in Q2, but easing up thereafter. NIO shares are trading higher on Monday alongside several Chinese names after China announced broad measures aimed at optimizing its business environment.