I noticed that there has been an increase in engagement across social media discussing NIO. I wanted to look at the trend on Twitter and Stocktwits. I've broken down the segments below:
In the past 24 hours mentions of NIO have seen a significant increase. In the last 24 hours, Twitter recorded averages of 39,000 likes, 5 retweets, and 4.8 Million impressions.
This is pretty significant since NIO is usually hovering around 3 Million impressions on a 24hr basis.
Just from this week alone, StockTwits has recorded averages of 9,000 likes and 2.5 Million impressions. Currently, NIO is notching a Utradea sentiment score of 0.57, a mildly bullish sentiment for NIO.
One of the things I like to look at are price targets set by analysts. Right now, Wall Street Analysts are setting the NIO's price target is set at $57.96 per share. This means there at least 100% upside with NIO, based on analyst ratings.
Quickly looking at short term performance, the 30-day price change of -25.8%. Putting this in perspective, the market has dipped the last month, and now I think we are starting to see an uptrend, and are on the road back to a bullish market.
We can also look at the breakdown and consensus provided by analysts. Here is the review of consensus ratings analysts have given for NIO. NIO has earned an overall rating of 4/5, a risk rating grade of A-.
NIO earned a DCF valuation rating of 5/5, as well as a consensus return on equity of 3/5. This was found on the NIO Stock Dashboard
There seems to be similar sentiment reflected in the ideas posted by the Utradea community of retail investors. On average, we see that Utradeans have a 7.5/10 confidence rating for NIO ideas. On an aggregate level, The average entry price is set at $38.5, with a target price of $52.5 and average position return of -35.4 %.
I'm looking to add at these levels and am seeing a LT price target of $50 - which I think it will hit over the next year.