NIO Inc ADR (NIO) Is Now En Route to Higher Prices

NIO Inc ADR (NYSE: NIO) is -34.62% lower on its value in year-to-date trading and has touched a low of $5.30 and a high of $16.18 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 $5.82 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $5.93, the stock is -2.86% and -17.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.56 million and changing 1.89% at the moment leaves the stock -32.93% off its SMA200. NIO registered -44.32% loss for a year compared to 6-month loss of -55.25%. The firm has a 50-day simple moving average (SMA 50) of $0.23 and a 200-day simple moving average (SMA200) of -$0.70.

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The stock witnessed a -19.97% gain in the last 1 month and extending the period to 3 months gives it a -25.13%, and is 7.04% 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 4.41% over the week and 5.66% over the month.

Profit margin for the company is -39.42%. Distance from 52-week low is 11.89% and -63.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.67%).

NIO Inc ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -44.86% this year.

NIO Inc ADR (NIO) Top Institutional Holders

685 institutions hold shares in NIO Inc ADR (NIO), with institutional investors hold 30.95% of the company’s shares. The shares outstanding are 1.57B, and float is at 1.56B with Short Float at 10.32%. Institutions hold 28.49% of the Float.

The top institutional shareholder in the company is Baillie Gifford and Company with over 119.46 million shares valued at $1.16 billion. The investor’s holdings represent 7.61% of the NIO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 66.79 million shares valued at $647.24 million to account for 4.25% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 48.01 million shares representing 3.06% and valued at over $465.21 million, while State Street Corporation holds 1.55% of the shares totaling 24.27 million with a market value of $235.18 million.