Currently, there are 1.91B common shares owned by the public and among those 1.55B shares have been available to trade.
The company’s stock has a 5-day price change of -6.38% and -44.46% over the past three months. NIO shares are trading -54.69% year to date (YTD), with the 12-month market performance down to -54.38% lower. It has a 12-month low price of $4.36 and touched a high of $16.18 over the same period. NIO has an average intraday trading volume of 56.84 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 -14.76%, -23.96%, and -50.12% respectively.
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Institutional ownership of NIO Inc ADR (NYSE: NIO) shares accounts for 21.70% of the company’s 1.91B shares outstanding.
It has a market capitalization of $6.38B and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$1.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.18% over the week and 4.68% over the month.
Analysts forecast that NIO Inc ADR (NIO) will achieve an EPS of $NIO/USD for the current quarter, $0.03 for the next quarter and $Currency for Type. The lowest estimate earnings-per-share for the quarter is $NIO Inc. while analysts give the company a high EPS estimate of $Rio Tinto Plc. Comparatively, EPS for the current quarter was $Novo Nordisk A/S a year ago. Earnings per share for the fiscal year are expected to increase by 22.86%, and 27.92% over the next financial year. EPS should shrink at an annualized rate of -5.99% over the next five years, compared to 30.22% over the past 5-year period.
Looking at the support for the NIO, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on April 02, 2024, with the firm’s price target at $4. Mizuho coverage for the NIO Inc ADR (NIO) stock in a research note released on March 25, 2024 offered a Neutral rating with a price target of $5.50. CLSA was of a view on March 06, 2024 that the stock is Outperform, while JP Morgan gave the stock Underweight rating on February 23, 2024, issuing a price target of $8.50- $5. BofA Securities on their part issued Neutral rating on January 09, 2024.
