In the latest trading session, 11.24 million shares of the NIO Inc ADR (NYSE:NIO) were traded, and its beta was 1.80. Most recently the company’s share price was $5.41, and it changed around -$0.14 or -2.52% from the last close, which brings the market valuation of the company to $10.39B. NIO currently trades at a discount to its 52-week high of $10.72, offering almost -98.15% off that amount. The share price’s 52-week low was $3.61, which indicates that the current value has risen by an impressive 33.27% since then. We note from NIO Inc ADR’s average daily trading volume that its 10-day average is 75.42 million shares, with the 3-month average coming to 44.51 million.
NIO Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.91. 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 -0.3 for the current quarter.
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NIO Inc ADR (NYSE:NIO) trade information
Instantly NIO has showed a red trend with a performance of -2.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.66 on recent trading dayincreased the stock’s daily price by 4.42%. The company’s shares are currently down -40.35% year-to-date, but still down -2.87% over the last five days. On the other hand, NIO Inc ADR (NYSE:NIO) is 41.25% up in the 30-day period. We can see from the shorts that 194.06 million shares have been sold at a short interest cover period of 5.15 day(s).
The consensus price target as assigned by Wall Street analysts is $7.55, which translates to bulls needing to increase their stock price by 28.34% 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 -3.05 percent over the past six months and at a 20.57% annual growth rate that is well above the industry average of -3.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 6.30% in revenue this quarter, and will report an increase of 30.80% in the next quarter. The year-over-year growth rate is expected to be 26.20%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 2.73B in revenue for the current quarter. 5 analysts expect NIO Inc ADR to make 3.27B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 36.30%.
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 17.83% 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 on 2024-Sep-05.
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.
