NIO Inc ADR (NYSE:NIO)’s traded shares stood at 9.14 million during the last session, with the company’s beta value hitting 1.79. At the last check today, the stock’s price was $4.45, to imply an increase of 0.56% or $0.02 in intraday trading. The NIO share’s 52-week high remains $9.57, putting it -115.06% down since that peak but still an impressive 18.88% since price per share fell to its 52-week low of $3.61. The company has a valuation of $8.57B, with an average of 53.1 million shares in intraday trading volume over the past 10 days and average of 67.22 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for NIO Inc ADR (NIO), translating to a mean rating of 1.88. Of 21 analyst(s) looking at the stock, 1 analyst(s) give NIO a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -2.19.
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NIO Inc ADR (NYSE:NIO) trade information
After registering a 0.56% upside in the latest session, NIO Inc ADR (NIO) has traded red over the past five days. The 5-day price performance for the stock is -12.48%, and -13.50% over 30 days. With these gigs, the year-to-date price performance is -50.88%. Short interest in NIO Inc ADR (NYSE:NIO) saw shorts transact 186.92 million shares and set a 2.42 days time to cover.
The extremes give us $4 and $83 for target low and target high price respectively. As such, NIO has been trading -1765.17% off suggested target high and 10.11% from its likely low.
NIO Inc ADR (NIO) estimates and forecasts
Looking at statistics comparing NIO Inc ADR share performance against respective industry, we note that the company has outperformed competitors. NIO Inc ADR (NIO) shares are -15.63% down over the last 6 months, with its year-to-date growth rate higher than industry average at 21.71% against -9.20%. Revenue is forecast to grow 4.12% this quarter before jumping 24.27% for the next one. The rating firms project that company’s revenue will grow 26.35% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 19.1B. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 22.93B.Earnings reports from the last fiscal year show that sales brought in 19.07B and 17.1B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.19% before jumping 34.06% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 30.22% for the past 5-year period. While 2024 is set for a 18.41% return in earnings, projections for the next 5 years are at -4.62% annually.
NIO Dividends
NIO Inc ADR has its next earnings report out on 2024-Nov-20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is STATE STREET CORP with 21.94 million shares, or about 1.0733% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $91.27 million.
