Currently, there are 1.92B common shares owned by the public and among those 1.92B shares have been available to trade.
The company’s stock has a 5-day price change of 10.56% and 25.85% over the past three months. NIO shares are trading -38.81% year to date (YTD), with the 12-month market performance down to -44.89% lower. It has a 12-month low price of $3.61 and touched a high of $10.72 over the same period. NIO has an average intraday trading volume of 43.93 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 26.63%, 27.74%, and 2.55% respectively.
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Institutional ownership of NIO Inc ADR (NYSE: NIO) shares accounts for 16.41% of the company’s 1.92B shares outstanding.
It has a market capitalization of $10.66B and a beta (3y monthly) value of 1.79. The earnings-per-share (ttm) stands at -$1.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.29% over the week and 5.87% over the month.
Earnings per share for the fiscal year are expected to increase by 18.56%, and 25.63% over the next financial year. EPS should shrink at an annualized rate of -4.62% 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. JP Morgan stated their Overweight rating for the stock in a research note on September 06, 2024, with the firm’s price target at $5.30-$8. JP Morgan was of a view on May 15, 2024 that the stock is Neutral, while Macquarie gave the stock Neutral rating on April 15, 2024, issuing a price target of $5. Barclays on their part issued Underweight rating on April 02, 2024.
