NIO Inc ADR (NYSE:NIO) price on Wednesday, November 13, rose 0.66% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.61.
A look at the stock’s price movement, the close in the last trading session was $4.58, moving within a range at $4.56 and $4.69. The beta value (5-Year monthly) was 1.903. Turning to its 52-week performance, $9.57 and $3.61 were the 52-week high and 52-week low respectively. Overall, NIO moved -17.97% over the past month.
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NIO Inc ADR’s market cap currently stands at around $8.87 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 19.1B for the company’s revenue for the quarter, with a low and high estimate of 18.48B and 19.47B respectively. The average forecast suggests up to a 0.19% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 70.27B, representing a 26.35% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NIO is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 12 recommend NIO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NIO’s current price about -10.66% and -17.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.55, while 7-day volatility ratio is 4.40% and 4.88% in the 30-day chart. Further, NIO Inc ADR (NIO) has a beta value of 1.79, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $7.1, forecast between a low of $4 and high of $83. Looking at the price targets, the low is 13.23% off current price level while to achieve the yearly target high, price needs to move -1700.43%. Nonetheless, investors will most likely welcome a -54.01% jump to $7.1 which is the analysts’ median price.
If we refocus on NIO Inc ADR (NYSE:NIO), historical trading data shows that trading volumes averaged 55.4 over the past 10 days and 66.94 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.92 billion shares.
The 0.00% of NIO Inc ADR’s shares are in the hands of company insiders while institutional holders own 13.59% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 186.92 million on 2024-10-31, giving us a short ratio of 2.42. The data shows that as of 2024-10-31 short interest in NIO Inc ADR (NIO) stood at 1258.0 of shares outstanding, with shares short rising to 168.61 million registered in 2024-09-30. Current price change has pushed the stock -49.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NIO stock continues to rise going into the next quarter.
