In today’s recent session, 6.21 million shares of the NIO Inc ADR (NYSE:NIO) have been traded, and its beta is 1.82. Most recently the company’s share price was $4.03, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $7.69B. NIO at last check was trading at a discount to its 52-week high of $11.35, offering almost -181.64% off that amount. The share price’s 52-week low was $3.61, which indicates that the recent value has risen by an impressive 10.42% since then. We note from NIO Inc ADR’s average daily trading volume that its 10-day average is 29.51 million shares, with the 3-month average coming to 40.95 million.
NIO Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.03. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended NIO as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. NIO Inc ADR is expected to report earnings per share of -0.31 for the current quarter.
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NIO Inc ADR (NYSE:NIO) trade information
The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.13 on recent trading dayincreased the stock’s daily price by 2.42%. The company’s shares are currently down -55.57% year-to-date, but still up 4.68% over the last five days. On the other hand, NIO Inc ADR (NYSE:NIO) is -8.20% down in the 30-day period. We can see from the shorts that 191.34 million shares have been sold at a short interest cover period of 4.38 day(s).
The consensus price target as assigned by Wall Street analysts is $27.4, which translates to bulls needing to increase their stock price by 85.29% from its current value. Analyst projections state that NIO is forecast to be at a low of $4 and a high of $83.
NIO Inc ADR (NIO) estimates and forecasts
NIO Inc ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.28 percent over the past six months and at a 25.71% annual growth rate that is well above the industry average of -1.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 32.60% in revenue this quarter, and will report an increase of 6.30% in the next quarter. The year-over-year growth rate is expected to be 25.20%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 2.44B in revenue for the current quarter. 6 analysts expect NIO Inc ADR to make 2.54B in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 92.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.22%. NIO Inc ADR earnings are expected to increase by 19.44% in 2024, but the outlook is negative -4.62% per year for the next five years.
NIO Dividends
NIO Inc ADR’s next quarterly earnings report is expected to be released in September.
NIO Inc ADR (NYSE:NIO)’s Major holders
STATE STREET CORP, with 1.0733% or 21.94 million shares worth $91.27 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core MSCI Emerging Markets ETF and iShares MSCI China ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 12.17 shares worth $48.86 million, making up 0.77% of all outstanding shares. On the other hand, iShares MSCI China ETF held roughly 3.87 shares worth around $15.54 million, which represents about 0.25% of the total shares outstanding.
