2023 will be another busy year for NIO: Morgan Stanley says buy the stock

The author makes no representations as to accuracy, completeness, or the suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. Analysts like NIO less than other Auto/Tires/Trucks companies. The consensus rating score for NIO is 2.30 while the average consensus rating score for auto/tires/trucks companies is 2.48. In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under

management must also disclose their put and call option holdings. Since put options generally indicate

negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall

institutional sentiment by plotting the ratio of puts to calls.

The company issued 160,000,000 shares at a price of $6.25-$8.25 per share. Morgan acted as the underwriters for the IPO and BofA Merrill Lynch, Deutsche Bank Securities, Citigroup, Credit Suisse and UBS Investment Bank were co-managers. “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. What kinds of production rates should investors be looking for, then?

The decennial pattern was developed by Edgar Laurence Smith at Ameritrust Bank in the 1930s. He found that the last digit in a year had an effect on the stock market. Years ending in zero had the worst returns and years ending in five had the best, etc. Here are the numbers for both conditions applied to the DJIA.

The chart to the right plots

the historical put/call ratio for this instrument. Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently

result in a cost basis of zero. One share of NIO stock can currently be purchased for approximately $10.58.

NIO Stock Still Has Fans on Wall Street After This Week’s Drop

This website is provided “as is” without any representations or warranties, express or implied. Fintel makes no representations or warranties in relation to this website or the information and materials provided plan de trading on this website. Nothing on this website constitutes, or is meant to constitute, advice of any kind. If you require advice in relation to any financial matter you should consult an appropriate professional.

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. According to JPMorgan analyst Nick Lai, NIO’s Q4 was “solid,” and even a “meaningful beat” if you back out the “unrealized foreign exchange losses” that were the primary reason NIO lost twice as much money as analysts had anticipated. In Q4, NIO reported $1.02 billion in quarterly sales, inching past analysts’ predicted $1.01 billion. On the bottom line, however, the 17,353 EVs NIO delivered in the fourth quarter of 2020 cost the company a GAAP net loss of $0.16 per share, and an “adjusted” loss of $0.14 per share — twice the $0.07 pro forma loss Wall Street had predicted.

Newsstand

In previous years, it says there has been higher investor expectation ahead of an iPhone launch, but that isn’t present this time. The company says this down to how “the combination of consumer spending headwinds and a tougher competitive landscape [is] expected to drive challenges to sell-through volumes for both iPhone 15 as well as iPhones more broadly.” The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

In July this year, CEO Elon Musk told investors that the carmaker plans to invest more than $1 billion on the project by the end of 2024. “This increase is largely driven by the emerging opportunity we see in third-party fleet licensing, increased ARPU (average monthly revenue per user).” Morgan Stanley raised its revenue estimate from Tesla’s network services business to $335 billion in 2040, from $157 billion earlier. That compares with its current market value of about $789 billion, after the stock closed at $248.5 on Friday. The stock on Monday was on track to add about $46 billion in market value.

• Companies affiliated with digital assets are enjoying gains as BTC, even as the rest of the market remains relatively calm.
• “The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations”, the company concluded.
• And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
• Sign-up to receive the latest news and ratings for NIO and its competitors with MarketBeat’s FREE daily newsletter.

Apple is expected to upgrade the iPhone 15 Pro models to Wi-Fi 6E thanks to the new A17 processor, so here’s what you need to know about the standard and why you should care. “Should we expect a price increase? We think a price increase across all tiers will preserve the recent shift towards a richer mix,” says JP Morgan. Gold fell on Tuesday amid renewed US Dollar demand, with XAU/USD trading as low as $1,907.53 a troy ounce. The bright metal lost the most during European trading hours, as dismal local data spurred concerns about an economic setback in the United Kingdom and the Euro Zone. The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. NIO will continue its bearish trend once the candle for today’s Tuesday goes live.

Analyst Rating Summary1

“We believe the stand-alone risk is modest, but will amplify the challenges in China,” it says. In August, JP Morgan raised its Apple target price to $235, on the basis of both a “robust shareholder return” for 2023, and for how its services mean it is not dependent on product cycles. Bitcoin price is known to have a bullish impact on other altcoins when it rises, but the cryptocurrency is seemingly affecting the stock market too this time. Companies affiliated with digital assets are enjoying gains as BTC, even as the rest of the market remains relatively calm. The delivery targets for Q disappointed investors who had been hoping for a continued strong pace of growth.

NIO is also offering “various types of content (e.g. entertainment)” and also services such as battery replacement, both of which may provide incremental revenue above and beyond the revenue from selling the cars in the first place. In comparison, shares of U.S.-based rival Tesla Inc. (TSLA), which recorded $18.15 billion in revenue from China in 2022, or 22.3% of total revenue, have slipped 2.0% over the past three months. The iShares MSCI China exchange-traded fund (MSCI) has gained 5.6% the past three months and the S&P 500 index has slipped 2.2%. The electric-vehicle maker started production of the supercomputer used to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year. The team includes Adam Jonas, one of the highest-profile Tesla analysts. The new price target is the most-bullish on Wall Street, according to FactSet data.

Yet another way that Nio sets itself apart from the average EV manufacturer is that it is focused on high-performance and smart vehicles. Smart vehicles are a stepping stone on the path to autonomous driving and provide a host of advantages to drivers that include improved maintenance and uptime. Nio House locations are artistic attractions in major metropolitan areas that feature social areas, private spaces, libraries, and cafes.

In addition, NIO’s treasury department needed security for its cash, USD liquidity across time-zones and above all, to avoid loss of capital. 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”. While ratings are subjective and will change, the latest NIO (NIO) rating was a maintained with a price target of $17.00 to $16.00. The current price NIO (NIO) is trading at is $10.57, which is out of the analyst’s predicted range. Morgan’s Nick Lai “tactical” downgrade of the China-based electric vehicle maker, citing concerns that margins could deteriorate further the company will miss delivery goals.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. The value of investments may go down as well as up and investors may not get back the full amount invested. Pre-orders for the new models have already started with deliveries for the EC7 slated to kick off in May followed by the new ES8 in June. “The Company emphasizes its continued and unwavering commitment to maintaining high standards of corporate governance and internal control, as well as transparent and timely disclosure in compliance with applicable rules and regulations”, the company concluded.

Reducing Our Fair Value Estimate for MarketAxess by 13% as Trading Market Share Disappoints

We’d like to share more about how we work and what drives our day-to-day business. In addition, Lai believes NIO’s target for 2023 deliveries of 240,000 to 250,000 is “ambitious,” and he’s modeling for deliveries to be much lower, around 190,000. To be sure, the US dollar is still maintaining its dominance with its share of general usage via the SWIFT payment system at over 40% — much higher than the euro at around 25% https://bigbostrade.com/ and the yuan at around 3% in July 2023. The country’s production of liquid fuels—including gasoline and diesel but also natural gas liquids such as propane and biofuels—has been breaking records. Federal forecasters expect the trend to continue, and Kelly says cooler weather ahead should improve refining activity and further boost supplies. This is the ultimate guide on how to make the iPhone a more personal device.

Regarding the overall new energy vehicle (NEV) market, Lai said he remains “constructive” this year, but he believes the growth rate will decelerate sharply, to 23% in 2023 from 80% in 2022. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. “The more we looked at Dojo, the more we realized the potential for underappreciated value in the stock,” the Morgan Stanley analysts said. The Wall Street brokerage upgraded its recommendation on Tesla’s stock to “overweight” from “equal-weight” and made it their “top pick,” replacing Ferrari’s U.S.-listed shares. It’s not the first time the banking giant called the trend of de-dollarization.

“Our segmented cash solution allows us

to invest aligned with our values, which include liquidity and security over yield,”

says Sasa Wang, Director, Treasury, NIO. NIO also benefitted from JPM GL’s Morgan Money, a multi-currency, 24/7 trading and risk management platform. Earlier today, the EV maker reacted to the report saying it is “without merit and contains numerous errors, unsupported speculations, and misleading conclusions and interpretations”. Get this delivered to your inbox, and more info about our products and services. In addition, Lai believes NIO’s target for 2023 deliveries of 240,000 to 250,000 is “ambitious,” and he’s modeling for deliveries to be much lower, around 190,000.

Tesla’s shares jumped Monday after Morgan Stanley analysts upgraded the stock, citing the potential of the supercomputer that Tesla is developing. “The US dollar, one of the key drivers of global oil prices, appears to be losing its once powerful influence,” Natasha Kaneva, the head of global commodities strategy at JPMorgan, wrote in the report. Weakening demand for oil and gas as indicated by a low global purchasing manager’s index in August and sluggish growth in China and Europe offsetting strength in India and Japan. Kelly further expects August retail sales and industrial production figures this week to show a loss of momentum in the U.S.

Terms & Info

NIO Inc. is a multinational EV manufacturer and one of China’s top 6 manufacturers. The company was founded in 2014 by Lihong Qin and William Li as NextEV. The company rebranded and relaunched in 2017, however, this time as Nio Inc, and is best known for its revolutionary take on batteries. Nio Inc. is headquartered in Shanghai, the People’s Republic of China.

Historical Target Prices and Ratings

The December delivery numbers come in the wake of the company’s December 24th NIO Day. At the event, as anticipated, NIO unveiled two new models – the coupe SUV EC7 and the new ES8. Both are based on NIO’s second-gen platform with the newest electric drive system (480kW dual-motor AWD system and SiC power module), AQUILA autonomous driving hardware and second-gen digital cockpit, similar to the ES7 and ET7. In fact, the number mentioned by Grizzly Research was achieved 14 months ago (April 2021) and the EV maker should have around 215,000 – 217,500 vehicles on the road, 115,000 more than the number indicated by the author of the report. Although we don’t know the exact number of vehicles that NIO has delivered as of June 28, it is certainly much more than the 100,000 mentioned by Grizzly Research. On April 7, 2021, the company announced the production of the 100,000th vehicle.