With over 48.44 million NIO Inc ADR (NIO) shares trading Friday and a closing price of $7.17 on the day, the dollar volume was approximately $347.34 million. The shares have shown a negative half year performance of -31.97% and its price on 01/12/24 lost nearly -3.11%. Currently, there are 1.57B common shares owned by the public and among those 1.56B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 35 analysts who have offered their price forecasts for NIO have a consensus price objective of $76.59. The analysts have set the share’s price value over the next 12 months at a high of $117.30 and a low of $35.21. The average price target is 27.28% above its recent price level and an upside to the estimated low will see the stock gain 79.64% over that period. But an upside of 93.89% will see the stock hit the forecast high price target while median target price for the stock is $74.18.
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Shares of NIO Inc ADR (NYSE: NIO) opened at $7.26, down -$0.14 from a prior closing price of $7.40. However, the script later moved the day high at 7.53, down -3.11%. The company’s stock has a 5-day price change of -11.04% and -15.05% over the past three months. NIO shares are trading -20.95% year to date (YTD), with the 12-month market performance down to -37.71% lower. It has a 12-month low price of $7.00 and touched a high of $16.18 over the same period. NIO has an average intraday trading volume of 52.83 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.38%, -8.27%, and -21.62% respectively.
Institutional ownership of NIO Inc ADR (NYSE: NIO) shares accounts for 28.10% of the company’s 1.57B shares outstanding.
It has a market capitalization of $11.26B and a beta (3y monthly) value of 2.00. The earnings-per-share (ttm) stands at -$1.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.30% over the week and 5.37% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -47.46%, and 35.54% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 35 brokerage firm advisors rate NIO Inc ADR (NIO) as a “Strong Buy” at a consensus score of 1.83. Specifically, 20 Wall Street analysts polled rate the stock as a buy, while 11 of the 35 advise that investors “hold,” and 1 rated it as a “Sell.”
