How to Buy Nio Stock
Nio Inc
NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany.
Nio stock last closed at $5.39, down 0.19% from the previous day, and has decreased 28.42% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.13 percentage points. Nio stock is currently +49.31% from its 52-week low of $3.61, and -66.69% from its 52-week high of $16.18.
There are currently 2.08B NIO shares outstanding. The market cap of NIO is $11.21B. In the last 24 hours, 61.54M NIO shares were traded.
How to Buy Nio Stock
Wondering how to invest in Nio stock? Here's how.
- Decide where to buy Nio stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Nio stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Select your payment method and add your info.
- Research Nio stock: The Nio ticker symbol is NIO. Is Nio stock a good investment? Should you buy shares of NIO? How do NIO's underlying business fundamentals look? Do top analysts think Nio is a good buy? Why has NIO's stock price moved recently? (Hint: Our stock research tools can help you evaluate if NIO is a good stock to buy).
- Make your NIO purchase: Decide if you will purchase NIO shares at the current market price or use a limit order to buy NIO shares at a particular price.
- Watch your NIO investment: Create a watchlist to key updates about your new investment in Nio stock.
Step 1: Decide where to buy Nio stock
You will need a brokerage account in order to access the NYSE market and buy NIO stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you are able to buy NIO today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to start a new brokerage account.
- Submit your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on app for stock market, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details transferring funds into your brokerage account.
Step 4: Research Nio stock
After you have chosen the best place to buy Nio stock, it's critical to research their stock prior to buying, so you can understand the risk and upside.
Nio shares quick numbers
NIO Due Diligence Checks
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on NIO's stock page.
Is NIO stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge NIO's intrinsic value.
Using relative valuations ratios:
- NIO may be overvalued based on its P/B ratio of 3.17x, relative to Auto Manufacturers industry P/B ratio of 2.16x
You can access additional valuation research on NIO's stock here.
NIO Financial Summary
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the NIO balance sheet.
- NIO has cash burn of 2164488658. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the NIO balance sheet.
- NIO has $7.65B in cash and short term investments. This is sufficient to cover its annual cash burn of $2.16B.
Negative Financial Indicators:
- NIO has a relatively high debt to equity ratio of 3.44.
- NIO profit margin has gone down from -29.6% to -38% in the past year.
- Total NIO debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy NIO stock, according to Wall Street analysts?
Out of 9 sell side analysts who track NIO, the consensus analyst rating on NIO is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest NIO Analyst Ratings
Yuqian Ding, a bottom 37% analyst from HSBC maintains NIO with a strong buy rating and lowers their NIO price target from $10.20 to $7.90, on Mar 12, 2024.
HSBC's Yuqian Ding lowered their price target on Nio (NYSE: NIO) by 22.5% from $10.2 to $7.9 on 2024/03/12. The analyst maintained their Strong Buy rating on the stock.
"A muted" product cycle and volume weighed on the company's "weak" quarterly earnings, Ding highlighted following an assessment of Nio's Q4 and FY 2023 earnings, ported on 2024/03/05.
The analyst predicted that Nio's product cycle will gain steam with the introduction of its mass-market brand ALPS' new model launch in Q2.
Earnings Report
NIO reported:
For Q4 2023:
- Loss per share of $0.45, which beat the Zacks Consensus Estimate of $(0.51) and, by 11.8%, Q4 2022’s $(0.51).
- Revenue of $2.41B, which beat the Zacks Consensus Estimate of $2.29B and Q4 2022 by 3.4%.
- 50,045 vehicle deliveries, up 25% Y/Y.
For FY 2023:
- Loss per share of $1.75.
- Revenue of$7.83B.
- 160,038 vehicle deliveries, up 30.7% Y/Y.
For Q1 2024, management guided:
- Revenue of $1.48B to $1.56B which, if achieved, would represent a decrease of 1.7% to an increase of 3.8% Y/Y.
- 31,000 to 33,000 vehicle deliveries which would represent a decrease of 0.1% to an increase of 6.3% Y/Y.
Founder, Chairman, & CEO William Bin Li commented: “In 2023, NIO set a new delivery record of 160,038 vehicles, ranking first in China’s premium BEV market with an average transaction price over RMB 300,000.
“At NIO Day 2023, we unveiled ET9, our smart electric executive flagship, showcasing a suite of our latest technologies, including our self-developed AD chip, full-domain 900V architecture, advanced intelligent chassis system, and various other industry-leading innovations.
“We will soon start deliveries of 2024 NIO products equipped with the highest computing power among production vehicles and constantly enhance users' driving and digital experience.
“Meanwhile, we plan to release Navigate on Pilot Plus (NOP+) for urban roads to all NT2.0 users in Q2.
“Our continuous investments in technologies, battery swapping network, and user community will bolster our competitive advantages as we navigate the future competition.
CFO Steven Wei Feng added, “Our vehicle margin continued to grow, reaching 11.9% in Q4 2023.
“In December 2023, we closed a $2.2B strategic equity investment from CYVN, demonstrating our unique positioning and competitiveness in the global smart EV industry.
“ Moving forward into 2024, we will prioritize our business objectives, improve system capabilities, and optimize cost management efficiency.”
Tim Hsiao, a bottom 7% analyst from Morgan Stanley maintains NIO with a strong buy rating and lowers their NIO price target from $13.00 to $10.00, on Mar 11, 2024.
Eunice Lee, a bottom 21% analyst from Bernstein maintains NIO with a hold rating and lowers their NIO price target from $7.50 to $5.50, on Mar 7, 2024.
Xiaoyi Lei, an analyst from Jefferies maintains NIO with a hold rating and lowers their NIO price target from $8.30 to $5.90, on Mar 6, 2024.
Vijay Rakesh, a top 1% analyst from Mizuho maintains NIO with a strong buy rating and lowers their NIO price target from $18.00 to $15.00, on Dec 6, 2023.
You can dive deeper into what analysts are forecasting on the Nio stock forecast page.
NIO Momentum
How is NIO performing as a company?
Last year, NIO revenue was $7.69B. In the past five year, NIO's revenue has increased by 61.39% per year. This was faster than the Auto Manufacturers industry average of 28.93%.
You can research NIO's earnings and revenue performance here.
Who is buying/selling NIO?
In the past year, insiders at NIO have not bought or sold any shares.
Learn more about who owns NIO stock here.
Does NIO stock generate passive income?
No, Nio doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Make your NIO purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open button and your broker will execute the order.
If you need more help buying stocks on eToro, click the helpful video below:
Step 6: Watch your NIO investment
Now that you own some NIO stock, you'll want to stay up-to-date on your shares.
Create a watchlist to keep tabs on your NIO stock.
NIO Feed
How to Buy Stock in Nio
To reiterate, here are the 6 steps you need to take to buy Nio stock right now:
- Decide where to buy Nio stock
- Open your brokerage account
- Deposit money your investment account
- Research Nio stock
- Make your NIO purchase
- Watch your NIO investment
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Nio, get started below.
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