NIO Inc ADR (NYSE:NIO) price on current trading day, fall -5.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.87.
A look at the stock’s price movement, the level at last check in today’s session was $5.17, moving within a range at $4.83 and $4.98. The beta value (5-Year monthly) was 1.805. Turning to its 52-week performance, $7.71 and $3.61 were the 52-week high and 52-week low respectively. Overall, NIO moved 10.93% over the past month.
NIO Inc ADR’s market cap currently stands at around $9.37 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-19.
Analysts have a consensus estimate of 20.19B for the company’s revenue for the quarter, with a low and high estimate of 19.98B and 20.56B respectively. The average forecast suggests up to a 18.06% 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 68.44B, representing a 23.05% 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 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy 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 4.29% and 10.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.38, while 7-day volatility ratio is 4.98% and 6.10% in the 30-day chart. Further, NIO Inc ADR (NIO) has a beta value of 1.61, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $6.6, forecast between a low of $6.6 and high of $6.6. Looking at the price targets, the low is -35.52% off recent price level in today’s trading while to achieve the yearly target high, it has to move -35.52%. Nonetheless, investors will most likely welcome a -35.52% jump to $6.6 which is the analysts’ median price.
If we refocus on NIO Inc ADR (NYSE:NIO), historical trading data shows that trading volumes averaged 68.04 over the past 10 days and 52.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.94 billion shares.
The 0.00% of NIO Inc ADR’s shares are in the hands of company insiders while institutional holders own 9.77% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 214.3 million on 2025-02-28, giving us a short ratio of 3.79. The data shows that as of 2025-02-28 short interest in NIO Inc ADR (NIO) stood at 1442.0 of shares outstanding, with shares short rising to 152.75 million registered in 2025-01-31. Current price change has pushed the stock 11.70% 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.
