Currently, there are 1.91B common shares owned by the public and among those 1.91B shares have been available to trade.
The company’s stock has a 5-day price change of -3.26% and -7.56% over the past three months. NIO shares are trading -54.13% year to date (YTD), with the 12-month market performance down to -56.30% lower. It has a 12-month low price of $3.61 and touched a high of $16.18 over the same period. NIO has an average intraday trading volume of 51.37 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 -11.54%, -13.82%, and -35.56% respectively.
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Institutional ownership of NIO Inc ADR (NYSE: NIO) shares accounts for 18.09% of the company’s 1.91B shares outstanding.
It has a market capitalization of $7.96B and a beta (3y monthly) value of 1.86. The earnings-per-share (ttm) stands at -$1.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.24% over the week and 5.28% over the month.
Earnings per share for the fiscal year are expected to increase by 19.67%, and 24.28% 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 Neutral rating for the stock in a research note on May 15, 2024, with the firm’s price target at $4.80-$5.40. Macquarie coverage for the NIO Inc ADR (NIO) stock in a research note released on April 15, 2024 offered a Neutral rating with a price target of $5. Barclays was of a view on April 02, 2024 that the stock is Underweight, while Mizuho gave the stock Neutral rating on March 25, 2024, issuing a price target of $5.50. CLSA on their part issued Outperform rating on March 06, 2024.
