NIO Inc ADR (NYSE:NIO) traded at $4.48 at close of the session on Tuesday, July 23, made a downward move of -4.48% on its previous day’s price.
Looking at the stock we see that its previous close was $4.69 . In terms of its 52-week price range, NIO has a high of $16.18 and a low of $3.61. The company’s stock has gained about 4.19% over that past 30 days.
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NIO Inc ADR has a market cap of $8.54 billion.
Based on estimates by 20 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the NIO Inc ADR (NIO) stock as a Hold, while 14 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -1.97% off its SMA20 and -6.76% from its 50-day simple moving average. The RSI (14) is pointing at 46.71 while the volatility over the past week is 3.85% and jumps to 5.10% over the past one month. The beta value is 1.86, while the average true range (ATR) is currently pointing at 0.26. The average price target for the stock over the next 12 months is $27.4, with the estimates having a low of $4 and a high of $83. These price ends are 10.71% and -1752.68% off the current price level respectively, although investors could be excited at the prospect of a -511.61% if the NIO share price touches on the median price of $27.4.
Coming back to NIO Inc ADR (NYSE:NIO), we note that the average 3-month trading volume was 50.96 million, while that of the preceding 10-day period stands at 44.5 million. Current shares outstanding are 1.91 billion.
The insiders hold 0.01% of the company’s shares while institutions hold 18.01%. The data shows that short shares as of 2024-06-28, stood at 185.03 million at a short ratio of 3.47. Shares short rose in June from the previous month at 170.35 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -50.61% down in year-to-date price movement.
