During the last session, NIO Inc ADR (NYSE:NIO)’s traded shares were 47.56 million, with the beta value of the company hitting 1.87. At the end of the trading day, the stock’s price was $6.22, reflecting an intraday loss of -1.11% or -$0.07. The 52-week high for the NIO share is $9.57, that puts it down -53.86 from that peak though still a striking 41.96% gain since the share price plummeted to a 52-week low of $3.61. The company’s market capitalization is $11.97B, and the average intraday trading volume over the past 10 days was 114.59 million shares, and the average trade volume was 61.13 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 1.92. 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 -0.3.
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NIO Inc ADR (NYSE:NIO) trade information
NIO Inc ADR (NIO) registered a -1.11% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.11% in intraday trading to $6.22, hitting a weekly high. The stock’s 5-day price performance is -7.16%, and it has moved by 11.07% in 30 days. Based on these gigs, the overall price performance for the year is -29.56%. The short interest in NIO Inc ADR (NYSE:NIO) is 168.61 million shares and it means that shorts have 1.93 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.55, which implies an increase of 17.62% 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 -1234.41% off the target high and 35.69% 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 up 39.46% during the last six months, with a year-to-date growth rate more than the industry average at 21.71% against -4.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 6.30% this quarter and then jump 30.80% in the quarter after that. In the rating firms’ projections, revenue will increase 32.30% 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 2.73B as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 3.28B 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 17.21% 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 in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 21.94 million shares, is of STATE STREET CORP’s that is approximately 1.0733% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $91.27 million.
