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Stock Just Getting Attention? NIO Limited (NIO)

NIO Limited (NIO)

NIO Limited (NIO) noticed a move of 4.63% and settled at the share price of $3.39 on close of Wednesday trading session. NIO stock observed the trading of 65258120 shares, while an average trading volume registered with 51.08M shares. Volume can offer useful information when day trading. If for nothing else, use volume to help isolate stocks you want to day trade. Ideally, your day-trading stocks should have lots of average volume so you can enter and exit easily.

Volume can also be used to analyze the trend of a stock, helping to assess the likelihood that the trend will continue to reverse. Volume analysis isn’t perfect and it offers only supplemental information, so you don’t need to feel pressured to start analyzing volume to day trade successfully.

The stock recorded 10.96% monthly volatility. For the last week, the stock has an average volatility of 13.84%. 52.52% of shares are owned by insiders’ investors and 47.50% shares are owned by institutional investors.

Shares of NIO Limited (NIO) have been seen trading 9.83% away from the 200-day moving average and 47.19% off the 50-day moving average while 19.45% off the 20-day moving average. One of the widely used tools is the simple moving averages. When the price of the stock rises above the moving average, it’s a buy signal, and when the price falls below the moving average, it is a sell signal. The stock is currently trading -68.14% away from the 52-week high and separated 184.87% from the 52-week low.

Presently RSI indicator value is noted at 60.23. RSI compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought. RSI is plotted on a scale of 0-100. Generally, if it is above 70, the stock is considered overbought and so one can look to sell it. Similarly, an RSI of less than 30 indicates the stock is oversold and can be bought.

Current Ratio of 0.8, describes the coverage current assets of the company provide for the current liabilities. Quick Ratio is listed at 0.6. Quick Ratio (Acid Test): Same as Current Ratio but does not include inventory in the current assets since inventory can be hard to quickly convert to liquid cash when needed.

January 6, 2020 — 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.

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