The trading price of NIO Inc ADR (NYSE:NIO) closed higher on Monday, November 18, and closing at $4.67, 4.01% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.55 and $4.75. In examining the 52-week price action we see that the stock hit a 52-week high of $9.57 and a 52-week low of $3.61. Over the past month, the stock has lost -10.54% in value.
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NIO Inc ADR, whose market valuation is $8.98 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -2.19 per share this quarter, however they have predicted annual earnings per share of -8.57 for current year and -7.56 for next year.
Analysts have forecast the company to bring in revenue of 19.1B for the current quarter, with the likely lows of 18.48B and highs of 19.47B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 70.27B.
On the technical side, indicators suggest NIO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NIO a recommendation rating is 21. Out of them, 8 rate it a Hold, while 12 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged NIO Inc ADR (NIO) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that NIO’s price is currently -7.78% off the SMA20 and -15.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.89, and weekly volatility stands at 4.44%. When measured over the past 30 days, the indicator reaches 4.72%. NIO Inc ADR (NYSE:NIO)’s beta value is currently sitting at 1.81, while the Average True Range indicator is currently displaying 0.31. With analysts defining $4-$83 as the low and high price targets, we arrive at a consensus price target of $7.1 for the trailing 12-month period. The current price is about 14.35% off the estimated low and -1677.3% off the forecast high, based on this estimate. Investors will be thrilled if NIO’s share price rises to $7.1, which is the median consensus price. At that level, NIO’s share price would be -52.03% below current price.
To see how NIO Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: NIO stock’s performance was 4.01% in the latest trading, and -36.89% in the past year.
An evaluation of the daily trading volume of NIO Inc ADR (NYSE:NIO) indicates that the 3-month average is 67.49 million. However, this figure has increased over the past 10 days to an average of 53.35.
Currently, records show that 1.92 billion of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 9.91%. The stats also highlight that short interest as of 2024-10-31, stood at 186.92 million shares, resulting in a short ratio of 2.42 at that time. From this, we can conclude that short interest is 1258.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 168.61 million. However, since the stock’s price has seen -48.51% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
