NIO Inc ADR (NYSE:NIO) has a beta value of 1.87 and has seen 42.46 million shares traded in the last trading session. The company, currently valued at $12.00B, closed the last trade at $6.24 per share which meant it gained $0.02 on the day or 0.32% during that session. The NIO stock price is -53.37% off its 52-week high price of $9.57 and 42.15% above the 52-week low of $3.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 100.78 million shares traded. The 3-month trading volume is 61.20 million shares.
The consensus among analysts is that NIO Inc ADR (NIO) is Buy stock at the moment, with a recommendation rating of 1.92. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 21 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.3.
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NIO Inc ADR (NYSE:NIO) trade information
Sporting 0.32% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NIO stock price touched $6.24 or saw a rise of 9.96%. Year-to-date, NIO Inc ADR shares have moved -31.20%, while the 5-day performance has seen it change -7.83%. Over the past 30 days, the shares of NIO Inc ADR (NYSE:NIO) have changed 18.18%. Short interest in the company has seen 168.61 million shares shorted with days to cover at 1.93.
Wall Street analysts have a consensus price target for the stock at $7.55, which means that the shares’ value could jump 17.35% from current levels. The projected low price target is $4.0 while the price target rests at a high of $83.0. In that case, then, we find that the current price level is -1230.13% off the targeted high while a plunge would see the stock lose 35.9% from current levels.
NIO Inc ADR (NIO) estimates and forecasts
Figures show that NIO Inc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 51.82% over the past 6 months, with this year growth rate of 21.71%, compared to -4.30% for the industry. Revenue growth from the last financial year stood is estimated to be 32.60%.
6 analysts offering their estimates for the company have set an average revenue estimate of 2.74B for the current quarter. 5 have an estimated revenue figure of 3.29B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 30.22% over the past 5 years. Earnings growth for 2024 is a modest 17.78% while over the next 5 years, the company’s earnings are expected to decrease by -4.62%.
NIO Dividends
NIO Inc ADR is expected to release its next earnings report on 2024-Sep-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NIO Inc ADR (NYSE:NIO)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 60.47 million shares worth more than $251.55 million. As of 2024-06-30, BLACKROCK INC. held 2.9581% of shares outstanding.
The other major institutional holder is STATE STREET CORP, with the holding of over 21.94 million shares as of 2024-06-30. The firm’s total holdings are worth over $91.27 million and represent 1.0733% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core MSCI Emerging Markets ETF and iShares MSCI Emerging Markets ETF . As of Aug 31, 2024 , the former fund manager holds about 0.77% shares in the company for having 12.12 shares of worth $75.6 million while later fund manager owns 3.13 shares of worth $19.5 million as of Aug 31, 2024 , which makes it owner of about 0.20% of company’s outstanding stock.
