These Numbers Show Favorable Signs for NIO Inc ADR (NIO)

NIO Inc ADR (NYSE: NIO) is -4.31% lower on its value in year-to-date trading and has touched a low of $7.00 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 $8.42 in the last trading session, with the day’s gains setting it 0.91% off its average median price target of $79.80 for the next 12 months. It is also 93.62% off the consensus price target high of $146.31 offered by 33 analysts, but current levels are 73.5% higher than the price target low of $35.21 for the same period.

Currently trading at $9.33, the stock is 21.65% and 21.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 130.1 million and changing 10.81% at the moment leaves the stock 1.75% off its SMA200. NIO registered -17.36% loss for a year compared to 6-month loss of -0.11%. The firm has a 50-day simple moving average (SMA 50) of $0.28 and a 200-day simple moving average (SMA200) of -$0.85.

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The stock witnessed a 26.08% gain in the last 1 month and extending the period to 3 months gives it a 10.94%, and is 11.74% 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 6.80% over the week and 5.63% over the month.

NIO Inc ADR (NIO) has around 26763 employees, a market worth around $14.65B and $7.70B in sales. Profit margin for the company is -39.42%. Distance from 52-week low is 33.29% and -42.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.67%).

NIO Inc ADR (NIO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NIO Inc ADR (NIO) is a “Overweight”. 33 analysts offering their recommendations for the stock have an average rating of 1.76, where 9 rate it as a Hold and 3 think it is a “Overweight”. 20 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

NIO Inc ADR is expected to release its quarterly report on 03/21/2024.The EPS is expected to shrink by -50.12% this year.

NIO Inc ADR (NIO) Top Institutional Holders

The shares outstanding are 1.57B, and float is at 1.57B with Short Float at 9.31%.