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NIO Inc. (NYSE: NIO): How To Buy And When To Buy And Its Performance & Trends

In the latest trading session, 6.49 million NIO Inc. (NYSE:NIO) shares changed hands as the company’s beta touched 2.07. With the company’s most recent per share price at $10.35 changed hands at -$0.08 or -0.72% at last look, the market valuation stands at $17.39B. NIO’s current price is a discount, trading about -106.28% off its 52-week high of $21.35. The share price had its 52-week low at $7.00, which suggests the last value was 32.37% up since then. When we look at NIO Inc.’s average trading volume, we note the 10-day average is 38.99 million shares, with the 3-month average coming to 59.58 million.

Analysts gave the NIO Inc. (NIO) stock a consensus recommendation rating of an Overweight. If we narrow down to specifics, the data shows that 2 out of 39 analysts rate the stock as a Sell, with a further 5 assigning it an Overweight rating. Of the remaining, 10 recommended NIO as a Hold, 22 felt it is a Buy and 0 rated the stock as Underweight. NIO Inc.’s EPS for the current quarter is expected to be $0.

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NIO Inc. (NYSE:NIO) trade information

Instantly NIO was in red as seen in intraday trades today. With action 0.24%, the performance over the past five days has been green. The drop to weekly highs of 10.88 on Friday, 09/15/23 subtracted -0.72% to the stock’s daily price. The company’s shares are showing year-to-date upside of 6.21%, with the 5-day performance at 0.24% in the green. However, in the 30-day time frame, NIO Inc. (NYSE:NIO) is -9.96% down. Looking at the short shares, we see there were 101.51 million shares sold at short interest cover period of 1.59 days.

The consensus price target for the stock as assigned by Wall Street analysts is $95.50, meaning bulls need an upside of 89.16% from its recent market value. According to analyst projections, NIO’s forecast low is $52.04 with $158.96 as the target high. To hit the forecast high, the stock’s price needs a -1435.85% plunge from its current level, while the stock would need to soar -402.8% for it to hit the projected low.

NIO Inc. (NIO) estimates and forecasts

Data shows that the NIO Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.36% over the past 6 months, a -37.21% in annual growth rate that is considerably lower than the industry average of 3.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.80%. The 2023 estimates are for NIO Inc. earnings to decrease by -32.30%.

NIO Dividends

NIO Inc. is expected to release its next quarterly earnings report between November 08 and November 13.

NIO Inc. (NYSE:NIO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.86% of NIO Inc. shares while 33.84% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 36.73%. There are 33.84% institutions holding the NIO Inc. stock share, with Baillie Gifford and Company the top institutional holder. As of Jun 29, 2023, the company held 7.61% of the shares, roughly 119.46 million NIO shares worth $1.16 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 4.25% or 66.79 million shares worth $647.24 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of May 30, 2023 were Vanguard International Growth Fund and Vanguard International Stock Index-Emerging Markets Stk. With 38.61 million shares estimated at $290.73 million under it, the former controlled 2.46% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 1.06% of the shares, roughly 16.62 million shares worth around $130.82 million.

On Key

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