NIO Inc (NYSE: NIO) said over the weekend it had delivered 20,575 vehicles in the month of November, or an increase of 28.9% compared to the same month a year ago.
The deliveries included 15,493 vehicles from the company’s premium smart electric vehicle brand NIO and 5,082 vehicles from its family-oriented smart electric vehicle brand ONVO.
As of November 30th, NIO’s cumulative deliveries stood at 640,426.
Stock Performance
The shares of NIO Inc (NIO) closed 2.28% ($0.10) higher at $4.48 in New York on Friday, as they extended the gain from the previous market session.
The company’s total market cap now stands at $9.361 billion.
The shares of NIO Inc (NIO) went down 6.97% in 2023, compared with a 10.99% gain for the benchmark index, NYSE Composite (NYA).
The company’s shares have retreated 50.61% so far this year.
Analyst stock price forecast and recommendation
According to TipRanks, at least 8 out of 15 surveyed investment analysts had rated NIO Inc’s stock as “Buy”, while 5 – as “Hold”. The median price target on the stock stands at $6.01, which translates into a 34.15% upside compared to the closing price on Friday.
The high point of the analyst forecast range stands at $8.90.
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