In today’s recent session, 14.57 million shares of the NIO Inc ADR (NYSE:NIO) have been traded, and its beta is 1.82. Most recently the company’s share price was $4.14, and it changed around -$0.19 or -4.50% from the last close, which brings the market valuation of the company to $7.96B. NIO at last check was trading at a discount to its 52-week high of $7.71, offering almost -86.23% off that amount. The share price’s 52-week low was $3.61, which indicates that the recent value has risen by an impressive 12.8% since then. We note from NIO Inc ADR’s average daily trading volume that its 10-day average is 38.91 million shares, with the 3-month average coming to 47.64 million.
NIO Inc ADR stock received a consensus recommendation rating of Buy, based on a mean score of 2.23. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 10 recommended NIO as a Hold, whereas 12 deemed it a Buy, and 2 rated it as Underweight. NIO Inc ADR is expected to report earnings per share of -2.32 for the current quarter.
NIO Inc ADR (NYSE:NIO) trade information
Instantly NIO has been showing red trend so far today with a performance of -4.50% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.35 on recent trading dayincreased the stock’s daily price by 4.83%. The company’s shares are currently down -5.16% year-to-date, but still down -5.81% over the last five days. On the other hand, NIO Inc ADR (NYSE:NIO) is -0.84% down in the 30-day period. We can see from the shorts that 186.92 million shares have been sold at a short interest cover period of 2.42 day(s).
The consensus price target as assigned by Wall Street analysts is $6.35, which translates to bulls needing to increase their stock price by 34.8% from its current value. Analyst projections state that NIO is forecast to be at a low of $5 and a high of $8.
NIO Inc ADR (NIO) estimates and forecasts
The year-over-year growth rate is expected to be 23.04%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 20.19B in revenue for the current quarter. 3 analysts expect NIO Inc ADR to make 17.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.1B and 9.91B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.06%. Forecasts for the next quarter put sales growth at 78.54%.
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 11.33% in 2025, but the outlook is positive 22.85% per year for the next five years.
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.
SPDR Portfolio Emerging Markets ETF and Global X Fds-Global X Autonomous & Electric Vehicles ETF were the top two Mutual Funds as of Nov 30, 2024 . The former held 1.62 shares worth $6.7 million, making up 0.10% of all outstanding shares. On the other hand, Global X Fds-Global X Autonomous & Electric Vehicles ETF held roughly 1.06 shares worth around $4.37 million, which represents about 0.07% of the total shares outstanding.
