Analysts Say NIO Inc ADR (NYSE:NIO) Can Really Get To 83 In 12 Months

In recent trading session, NIO Inc ADR (NYSE:NIO) saw 31.66 million shares changing hands at last check today with its beta currently measuring 1.86. Company’s recent per share price level of $4.57 trading at -$0.3 or -6.16% at last check today assigns it a market valuation of $8.75B. That most recent trading price of NIO’s stock is at a discount of -254.05% from its 52-week high price of $16.18 and is indicating a premium of 21.01% from its 52-week low price of $3.61. Taking a look at company’s average trading volume volume of 52.02 million if we extend that period to 3-months.

For NIO Inc ADR (NIO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.06. Splitting up the data highlights that, out of 20 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

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NIO Inc ADR (NYSE:NIO) trade information

Upright in the red during last session for losing -6.16%, in the last five days NIO remained trading in the green while hitting it’s week-highest on Wednesday, 07/03/24 when the stock touched $4.57 price level, adding 9.33% to its value on the day. NIO Inc ADR’s shares saw a change of -49.61% in year-to-date performance and have moved 4.10% in past 5-day. NIO Inc ADR (NYSE:NIO) showed a performance of -12.28% in past 30-days.

Wall Street analysts have assigned a consensus price target of 27.4 to the stock, which implies a rise of 83.32% to its recent value today. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 83. It follows that stock’s current price would jump 12.47% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.47% for stock’s current value.

NIO Inc ADR (NIO) estimates and forecasts

Statistics highlight that NIO Inc ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -46.24% of value to its shares in past 6 months, showing an annual growth rate of 19.43% while that of industry is 3.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 30.22% during past 5 years.

NIO Dividends

NIO Inc ADR is more likely to be releasing its next quarterly report in August 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.

NIO Inc ADR (NYSE:NIO)’s Major holders

Insiders are in possession of 2.51% of company’s total shares while institution are holding 17.96 percent of that, with stock having share float percentage of 18.42%. Investors also watch the number of corporate investors in a company very closely, which is 17.96% institutions for NIO Inc ADR that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NIO for having 62.64 shares of worth $287.82 million. And as of Mar 31, 2024, it was holding 3.99% of the company’s outstanding shares.

The second largest institutional holder is Morgan Stanley, which was holding about 28.22 shares on Mar 31, 2024. The number of shares represents firm’s hold over 1.80% of outstanding shares, having a total worth of $129.65 million.

On the other hand, Vanguard International Growth Fund and iShares Core MSCI Emerging Markets ETF are the top two Mutual Funds which own company’s shares. As of Feb 29, 2024, the former fund manager was holding 38.61 shares of worth $177.41 million or 2.46% of the total outstanding shares. The later fund manager was in possession of 12.63 shares on Apr 30, 2024, making its stake of worth around $58.02 million in the company or a holder of 0.80% of company’s stock.