NIO Inc ADR (NYSE:NIO) shares, rose in value, with the stock price up by 3.08% to the previous day’s close as strong demand from buyers drove the stock to $4.35.
Actively observing the price movement in the last trading, the stock closed the session at $4.22. Referring to stock’s 52-week performance, its high was $7.71, and the low was $3.61. On the whole, NIO has fluctuated by 1.64% over the past month.
With the market capitalization of NIO Inc ADR currently standing at about $8.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 68.44B, with a low estimate of 19.98B and a high estimate of 20.56B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 20.19B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NIO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NIO currently trading nearly -0.06% and -0.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.23, while the 7-day volatility ratio is showing 6.59% which for the 30-day chart, stands at 4.80%. Furthermore, NIO Inc ADR (NIO)’s beta value is 1.70, and its average true range (ATR) is 0.26.
A comparison of NIO Inc ADR (NIO) with its peers suggests the former has fared considerably weaker in the market. NIO showed an intraday change of 3.08% in last session, and over the past year, it shrunk by -24.74%%.
Data on historical trading for NIO Inc ADR (NYSE:NIO) indicates that the trading volumes over the past 3 months, they’ve averaged 50.15 million. According to company’s latest data on outstanding shares, there are 1.94 billion shares outstanding.
Nearly 0.00% of NIO Inc ADR’s shares belong to company insiders and institutional investors own 9.75% of the company’s shares. The stock has fallen by -0.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NIO stock heading into the next quarter.
