NIO Inc. (NYSE: NIO) is -12.56% lower on its value in year-to-date trading and has touched a low of $2.91 and a high of $66.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NIO stock was last observed hovering at around $41.08 in the last trading session, with the day’s gains setting it 1.54% off its average median price target of $390.50 for the next 12 months. It is also 92.8% off the consensus price target high of $591.86 offered by 20 analysts, but current levels are 63.4% higher than the price target low of $116.46 for the same period.
Currently trading at $42.62, the stock is 12.32% and -0.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 87.36 million and changing 3.75% at the moment leaves the stock 19.61% off its SMA200. NIO registered 1349.66% gain for a year compared to 6-month gain of 55.66%. The firm has a 50-day simple moving average (SMA 50) of $39.58 and a 200-day simple moving average (SMA200) of $44.94.
The stock witnessed a 12.34% loss in the last 1 month and extending the period to 3 months gives it a -28.95%, and is 15.88% up 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 5.61% over the week and 5.95% over the month.
NIO Inc. (NIO) has around 7763 employees, a market worth around $67.27B and $2.50B in sales. Profit margin for the company is -34.50%. Distance from 52-week low is 1364.60% and -36.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.10%).
NIO Inc. (NIO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NIO Inc. (NIO) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.30, where 6 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
NIO Inc. is expected to release its quarterly report on 09/28/2021 and quarterly earnings per share for the current quarter are estimated at -$0.16 with sales reaching $1.02B over the same period.The EPS is expected to grow by 57.20% this year, but quarterly earnings will post 107.00% year-over-year. Quarterly sales are estimated to grow 422.30% in year-over-year returns.
NIO Inc. (NIO) Top Institutional Holders
808 institutions hold shares in NIO Inc. (NIO), with 8.73M shares held by insiders accounting for 0.53% while institutional investors hold 36.71% of the company’s shares. The shares outstanding are 1.35B, and float is at 1.01B with Short Float at 6.50%. Institutions hold 36.52% 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 7.92% 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 4.52% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 39.69 million shares representing 2.91% and valued at over $1.93 billion, while State Street Corporation holds 1.99% of the shares totaling 27.12 million with a market value of $1.32 billion.