In recent trading session, NIO Inc ADR (NYSE:NIO) saw 10.92 million shares changing hands at last check today with its beta currently measuring 1.85. Company’s recent per share price level of $3.80 trading at $0.08 or 2.25% at last check today assigns it a market valuation of $7.25B. That most recent trading price of NIO’s stock is at a discount of -226.32% from its 52-week high price of $12.40 and is indicating a premium of 5.0% from its 52-week low price of $3.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 40.16 million shares which gives us an average trading volume of 45.01 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 2.03. Splitting up the data highlights that, out of 21 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 12 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.31 in the current quarter.
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NIO Inc ADR (NYSE:NIO) trade information
Upright in the green today for gaining 2.25%, in the last five days NIO remained trading in the red while hitting it’s week-highest on Wednesday, 08/14/24 when the stock touched $3.80 price level, adding 3.06% to its value on the day. NIO Inc ADR’s shares saw a change of -58.06% in year-to-date performance and have moved -0.43% in past 5-day. NIO Inc ADR (NYSE:NIO) showed a performance of -17.13% in past 30-days. Number of shares sold short was 191.34 million shares which calculate 4.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 27.4 to the stock, which implies a rise of 86.13% 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 drop -5.26% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.26% 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 -36.61% of value to its shares in past 6 months, showing an annual growth rate of 18.86% while that of industry is -0.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.50% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.41B for the same. And 6 analysts are in estimates of company making revenue of 2.53B in the next quarter.
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. In 2024, company’s earnings growth rate is likely to be around 19.65% while estimates for its earnings growth in next 5 years are of -4.62%.
NIO Inc ADR (NYSE:NIO)’s Major holders
BLACKROCK INC. is the top institutional holder at NIO for having 62.64 million shares of worth $281.87 million. And as of 2024-03-31, it was holding 3.6841 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 28.22 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.6596 of outstanding shares, having a total worth of $126.97 million.
On the other hand, iShares Core MSCI Emerging Markets ETF and iShares MSCI China ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 12.17 shares of worth $46.37 million or 0.77% of the total outstanding shares. The later fund manager was in possession of 3.87 shares on Jun 30, 2024, making its stake of worth around $14.74 million in the company or a holder of 0.25% of company’s stock.
