NIO Inc ADR (NYSE: NIO) Is Getting Increasingly Hard To Ignore

Currently, there are 1.94B 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 0.67% and -14.66% over the past three months. NIO shares are trading -49.94% year to date (YTD), with the 12-month market performance down to -42.68% lower. It has a 12-month low price of $3.61 and touched a high of $9.57 over the same period. NIO has an average intraday trading volume of 68.38 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 -0.74%, -7.50%, and -6.45% respectively.

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Institutional ownership of NIO Inc ADR (NYSE: NIO) shares accounts for 9.89% of the company’s 1.94B shares outstanding.

It has a market capitalization of $8.73B and a beta (3y monthly) value of 1.69. The earnings-per-share (ttm) stands at -$1.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.65% over the week and 5.20% over the month.

Earnings per share for the fiscal year are expected to increase by 12.64%, and 21.25% 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. Goldman stated their Sell rating for the stock in a research note on November 25, 2024, with the firm’s price target at $4.80-$3.90. Macquarie coverage for the NIO Inc ADR (NIO) stock in a research note released on November 20, 2024 offered a Neutral rating with a price target of $4.80. Macquarie was of a view on October 28, 2024 that the stock is Outperform, while JP Morgan gave the stock Overweight rating on September 06, 2024, issuing a price target of $5.30- $8. Wolfe Research on their part issued Peer Perform rating on September 05, 2024.

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