Will NIO Inc ADR (NIO) benefit from Wall Street bulls Calls?

NIO Inc ADR (NYSE: NIO) is -54.24% lower on its value in year-to-date trading and has touched a low of $3.61 and a high of $11.35 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 $4.04 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $4.15, the stock is 6.72% and -2.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 52.6 million and changing 2.72% at the moment leaves the stock -24.73% off its SMA200. NIO registered -59.59% loss for a year compared to 6-month loss of -22.14%.

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The stock witnessed a 2.47% gain in the last 1 month and extending the period to 3 months gives it a -22.28%, and is 2.98% 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 5.70% over the week and 4.86% over the month.

NIO Inc ADR (NIO) has around 32820 employees, a market worth around $7.91B and $7.63B in sales. Profit margin for the company is -39.55%. Distance from 52-week low is 14.96% and -63.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.80%).

with sales reaching $2.44B over the same period.The EPS is expected to grow by 19.17% this year, but quarterly earnings will post 25.40% year-over-year. Quarterly sales are estimated to grow 93.00% in year-over-year returns.

NIO Inc ADR (NIO) Top Institutional Holders

The shares outstanding are 1.91B, and float is at 1.91B with Short Float at 9.17%.

The top institutional shareholder in the company is BLACKROCK INC. with over 60.47 million shares valued at $251.55 million. The investor’s holdings represent 2.9581% of the NIO Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 21.94 million shares valued at $$91.27 million to account for 1.0733 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 15.76 million shares representing 0.7708% and valued at over $65.55 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.5816 of the shares totaling 11.89 million with a market value of $49.46 billion.