Currently, there are 1.57B common shares owned by the public and among those 1.56B shares have been available to trade.
However, the script later moved the day high at 5.68, down -7.69%. The company’s stock has a 5-day price change of -11.33% and -28.10% over the past three months. NIO shares are trading -40.46% year to date (YTD), with the 12-month market performance down to -46.95% lower. It has a 12-month low price of $5.30 and touched a high of $16.18 over the same period. NIO has an average intraday trading volume of 63.05 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 -8.31%, -22.62%, and -38.34% respectively.
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Institutional ownership of NIO Inc ADR (NYSE: NIO) shares accounts for 27.49% of the company’s 1.57B shares outstanding.
It has a market capitalization of $8.48B and a beta (3y monthly) value of 1.94. 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 4.45% over the week and 4.52% 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 -44.40%, and 39.33% over the next financial year.
Looking at the support for the NIO, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on February 23, 2024, with the firm’s price target at $8.50-$5. Goldman was of a view on January 03, 2024 that the stock is Neutral, while Nomura gave the stock Neutral rating on June 12, 2023, issuing a price target of $25.80- $7.50. JP Morgan on their part issued Neutral rating on March 02, 2023.
