During the recent session, NIO Inc ADR (NYSE:NIO)’s traded shares were 8.5 million, with the beta value of the company hitting 1.85. The 52-week high for the NIO share is $14.12, that puts it down -269.63 from that peak though still a striking 5.5% gain since the share price plummeted to a 52-week low of $3.61. The company’s market capitalization is $7.28B, and the average intraday trading volume over the past 10 days was 42.97 million shares, and the average trade volume was 47.03 million shares over the past three months.
NIO Inc ADR (NIO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.03. NIO has a Sell rating from 1 analyst(s) out of 21 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.31.
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NIO Inc ADR (NYSE:NIO) trade information
NIO Inc ADR (NIO) registered a -0.13% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.13% in intraday trading to $3.82, hitting a weekly high. The stock’s 5-day price performance is -5.80%, and it has moved by -18.48% in 30 days. Based on these gigs, the overall price performance for the year is -71.66%. The short interest in NIO Inc ADR (NYSE:NIO) is 185.03 million shares and it means that shorts have 4.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $27.4, which implies an increase of 86.06% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $83 respectively. As a result, NIO is trading at a discount of -2072.77% off the target high and -4.71% off the low.
NIO Inc ADR (NIO) estimates and forecasts
Statistics show that NIO Inc ADR has outperformed its competitors in share price, compared to the industry in which it operates. NIO Inc ADR (NIO) shares have gone down -34.45% during the last six months, with a year-to-date growth rate more than the industry average at 18.86% against -0.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 32.60% this quarter and then jump 9.40% in the quarter after that. In the rating firms’ projections, revenue will increase 24.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.4B as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 2.52B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 30.22%. While earnings are projected to return 19.24% in 2024, the next five years will return -4.62% per annum.
NIO Dividends
NIO Inc ADR is due to release its next quarterly earnings 2024-Aug-27. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
NIO Inc ADR (NYSE:NIO)’s Major holders
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The next largest institutional holding, with 28.22 million shares, is of MORGAN STANLEY’s that is approximately 1.6257% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $126.97 million.
