NIO Limited (NYSE: NIO) is 6.40% higher on its value in year-to-date trading and has touched a low of $2.11 and a high of $66.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NIO stock was last observed hovering at around $49.11 in the last trading session, with the day’s gains setting it 2.75% off its average median price target of $444.96 for the next 12 months. It is also 92.01% off the consensus price target high of $648.82 offered by 19 analysts, but current levels are 46.3% higher than the price target low of $96.57 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $51.86, the stock is -9.57% and -4.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 81.8 million and changing 5.60% at the moment leaves the stock 82.72% off its SMA200. NIO registered 1078.64% gain for a year compared to 6-month gain of 246.43%. The firm has a 50-day simple moving average (SMA 50) of $57.91 and a 200-day simple moving average (SMA200) of $37.78.
The stock witnessed a -13.55% loss in the last 1 month and extending the period to 3 months gives it a 5.30%, and is -9.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.38% over the week and 6.66% over the month.
NIO Limited (NIO) has around 7442 employees, a market worth around $80.66B and $1.92B in sales. Profit margin for the company is -56.30%. Distance from 52-week low is 2357.82% and -22.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-505.70%).
NIO Limited (NIO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NIO Limited (NIO) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
NIO Limited is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $1.01B over the same period.The EPS is expected to grow by 51.30% this year, but quarterly earnings will post 122.00% year-over-year. Quarterly sales are estimated to grow 148.20% in year-over-year returns.
NIO Limited (NIO) Top Institutional Holders
564 institutions hold shares in NIO Limited (NIO), with 7.9M shares held by insiders accounting for 0.56% while institutional investors hold 36.54% of the company’s shares. The shares outstanding are 1.21B, and float is at 1.00B with Short Float at 5.30%. Institutions hold 36.33% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 107.91 million shares valued at $5.26 billion. The investor’s holdings represent 8.35% of the NIO Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 61.5 million shares valued at $3.0 billion to account for 4.76% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 39.69 million shares representing 3.07% and valued at over $1.93 billion, while State Street Corporation holds 2.10% of the shares totaling 27.12 million with a market value of $1.32 billion.