NIO Inc ADR (NYSE:NIO)’s traded shares stood at 78.55 million during the last session, with the company’s beta value hitting 1.61. At the close of trading, the stock’s price was $4.71, to imply a decrease of -8.90% or -$0.46 in intraday trading. The NIO share’s 52-week high remains $7.71, putting it -63.69% down since that peak but still an impressive 23.35% since price per share fell to its 52-week low of $3.61. The company has a valuation of $9.06B, with an average of 71.5 million shares in intraday trading volume over the past 10 days and average of 52.31 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 2.41. 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 -2.36.
NIO Inc ADR (NYSE:NIO) trade information
After registering a -8.90% downside in the last session, NIO Inc ADR (NIO) has traded red over the past five days. The 5-day price performance for the stock is -0.42%, and 7.29% over 30 days. With these gigs, the year-to-date price performance is 8.03%. Short interest in NIO Inc ADR (NYSE:NIO) saw shorts transact 214.3 million shares and set a 3.79 days time to cover.
The extremes give us $6.6 and $6.6 for target low and target high price respectively. As such, NIO has been trading -40.13% off suggested target high and -40.13% from its likely low.
NIO Inc ADR (NIO) estimates and forecasts
The rating firms project that company’s revenue will grow 22.85% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 20.19B. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 16.73B.Earnings reports from the last fiscal year show that sales brought in 17.1B and 9.91B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 18.06% before jumping 68.80% 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 2025 is set for a 12.25% return in earnings, projections for the next 5 years are at 28.16% annually.
NIO Dividends
NIO Inc ADR has its next earnings report out on 2024-Nov-19. 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.
NIO Inc ADR (NYSE:NIO)’s Major holders
NIO Inc ADR insiders hold 2.49% of total outstanding shares, with institutional holders owning 9.61% of the shares at 9.85% float percentage. In total, 9.61% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 60.47 million shares (or 2.9581% of shares), all amounting to roughly $251.55 million.
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.
We also have SPDR(R) Portfolio Emerging Markets ETF and Global X Autonomous & Electric Vehicles ETF as the top two Mutual Funds with the largest holdings of the NIO Inc ADR (NIO) shares. Going by data provided on Dec 31, 2024 , SPDR(R) Portfolio Emerging Markets ETF holds roughly 1.62 shares. This is just over 0.10% of the total shares, with a market valuation of $7.62 million. Data from the same date shows that the other fund manager holds a little less at 1.03, or 0.07% of the shares, all valued at about 4.86 million.
