Positives for NIO Inc ADR (NIO) as stock gains in recent trading

NIO Inc ADR (NYSE: NIO) is -5.50% lower on its value in year-to-date trading and has touched a low of $3.02 and a high of $7.71 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 $4.20 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $4.12, the stock is 4.70% and 0.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.87 million and changing -1.90% at the moment leaves the stock -9.97% off its SMA200. NIO registered -22.70% loss for a year compared to 6-month loss of -22.41%.

The stock witnessed a 17.05% gain in the last 1 month and extending the period to 3 months gives it a 1.98%, and is 5.10% 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 3.25% over the week and 3.96% over the month.

NIO Inc ADR (NIO) has around 45635 employees, a market worth around $8.01B and $9.13B in sales. Profit margin for the company is -34.47%. Distance from 52-week low is 36.42% and -46.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-80.07%).

The EPS is expected to grow by 18.51% this year.

NIO Inc ADR (NIO) Top Institutional Holders

The shares outstanding are 1.94B, and float is at 1.94B with Short Float at 10.60%.

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 2.9499% 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 1.0703 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 15.76 million shares representing 0.7687% and valued at over $65.55 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.58 of the shares totaling 11.89 million with a market value of $49.46 million.