NIO Inc ADR (NYSE:NIO) At $5.82: What To Do?

In last trading session, NIO Inc ADR (NYSE:NIO) saw 29.98 million shares changing hands with its beta currently measuring 1.96. Company’s recent per share price level of $5.82 trading at -$0.04 or -0.68% at ring of the bell on the day assigns it a market valuation of $9.14B. That closing price of NIO’s stock is at a discount of -178.01% from its 52-week high price of $16.18 and is indicating a premium of 8.93% from its 52-week low price of $5.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 56.54 million shares which gives us an average trading volume of 62.84 million if we extend that period to 3-months.

NIO Inc ADR (NYSE:NIO) trade information

Upright in the red during last session for losing -0.68%, in the last five days NIO remained trading in the green while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $5.82 price level, adding 3.8% to its value on the day. NIO Inc ADR’s shares saw a change of -35.83% in year-to-date performance and have moved 1.93% in past 5-day. NIO Inc ADR (NYSE:NIO) showed a performance of -23.02% in past 30-days. Number of shares sold short was 166.21 million shares which calculate 2.34 days to cover the short interests.

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NIO Inc ADR (NIO) estimates and forecasts

Statistics highlight that NIO Inc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -56.76% of value to its shares in past 6 months, showing an annual growth rate of -27.91% while that of industry is 2.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

NIO Dividends

NIO Inc ADR is more likely to be releasing its next quarterly report between February 28 and March 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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