In the latest trading session, 25.4 million NIO Inc ADR (NYSE:NIO) shares changed hands as the company’s beta touched 1.70. With the company’s most recent per share price at $4.66 changing hands around $0.26 or 5.91% at last look, the market valuation stands at $8.97B. NIO’s current price is a discount, trading about -105.36% off its 52-week high of $9.57. The share price had its 52-week low at $3.61, which suggests the last value was 22.53% up since then. When we look at NIO Inc ADR’s average trading volume, we note the 10-day average is 58.4 million shares, with the 3-month average coming to 71.45 million.
Analysts gave the NIO Inc ADR (NIO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.06. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended NIO as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. NIO Inc ADR’s EPS for the current quarter is expected to be -2.35.
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NIO Inc ADR (NYSE:NIO) trade information
Instantly NIO is in green as seen in intraday trades today. With action -0.21%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -48.62%, with the 5-day performance at -0.21% in the red. However, in the 30-day time frame, NIO Inc ADR (NYSE:NIO) is -8.63% down. Looking at the short shares, we see there were 186.92 million shares sold at short interest cover period of 2.42 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.1, meaning bulls need an upside of 34.37% from its recent market value. According to analyst projections, NIO’s forecast low is 4 with 83 as the target high. To hit the forecast high, the stock’s price needs a -1681.12% plunge from its current level, while the stock would need to tank 14.16% for it to hit the projected low.
NIO Inc ADR (NIO) estimates and forecasts
Data shows that the NIO Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -10.56% over the past 6 months, a 20.57% in annual growth rate that is considerably higher than the industry average of -10.60%. Year-over-year growth is forecast to reach 22.98% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 20.98B. 3 analysts are of the opinion that NIO Inc ADR’s revenue for the current quarter will be 17.81B. The company’s revenue for the corresponding quarters a year ago was 17.1B and 9.91B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.66%. The estimates for the next quarter sales put growth at 79.74%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 30.22%. The 2024 estimates are for NIO Inc ADR earnings to increase by 13.67%, but the outlook for the next 5-year period is at -4.62% per year.
NIO Inc ADR (NYSE:NIO)’s Major holders
STATE STREET CORP holds the second largest percentage of outstanding shares, with 1.0733% or 21.94 million shares worth $91.27 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Fidelity Series Emerging Markets Opportunities Fund and SPDR Portfolio Emerging Markets ETF. With 1.72 shares estimated at $8.17 million under it, the former controlled 0.11% of total outstanding shares. On the other hand, SPDR Portfolio Emerging Markets ETF held about 0.10% of the shares, roughly 1.54 shares worth around $7.33 million.
