NIO Inc ADR (NYSE: NIO) Is Under Pressure Due To Weak Fundamental Momentum.

NOVA

In the latest trading session, 14.37 million NIO Inc ADR (NYSE:NIO) shares changed hands as the company’s beta touched 1.87. With the company’s most recent per share price at $4.36 changing hands around $0.03 or 0.81% at last look, the market valuation stands at $8.35B. NIO’s current price is a discount, trading about -271.1% off its 52-week high of $16.18. The share price had its 52-week low at $3.61, which suggests the last value was 17.2% up since then. When we look at NIO Inc ADR’s average trading volume, we note the 3-month average coming to 54.96 million.

NIO Inc ADR (NYSE:NIO) trade information

Instantly NIO is in green as seen in intraday trades today. With action -7.52%, the performance over the past five days has been red. The jump to weekly highs of 4.80 added 0.81% to the stock’s daily price. The company’s shares are showing year-to-date downside of -51.87%, with the 5-day performance at -7.52% in the red. However, in the 30-day time frame, NIO Inc ADR (NYSE:NIO) is -17.02% down.

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NIO Inc ADR (NIO) estimates and forecasts

Data shows that the NIO Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.47% over the past 6 months, a 17.14% in annual growth rate that is considerably higher than the industry average of 2.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 30.22%. The 2024 estimates are for NIO Inc ADR earnings to increase by 19.49%.

NIO Dividends

NIO Inc ADR is expected to release its next quarterly earnings report in July.