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Things appear to be looking up for NIO Inc ADR (NIO)

NIO Inc ADR (NYSE: NIO) is -48.84% lower on its value in year-to-date trading and has touched a low of $4.45 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 $4.50 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $4.64, the stock is -13.98% and -18.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 42.35 million and changing 3.11% at the moment leaves the stock -45.04% off its SMA200. NIO registered -52.80% loss for a year compared to 6-month loss of -47.92%. The firm has a 50-day simple moving average (SMA 50) of $0.14 and a 200-day simple moving average (SMA200) of -$0.39.

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The stock witnessed a -19.30% gain in the last 1 month and extending the period to 3 months gives it a -50.80%, and is -5.11% 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 4.68% over the week and 5.54% over the month.

Profit margin for the company is -38.25%. Distance from 52-week low is 4.27% and -71.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.53%).

NIO Inc ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 23.69% this year.

NIO Inc ADR (NIO) Top Institutional Holders

706 institutions hold shares in NIO Inc ADR (NIO), with institutional investors hold 24.28% of the company’s shares. The shares outstanding are 1.55B, and float is at 1.54B with Short Float at 11.06%. Institutions hold 22.76% 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.

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