NIO Inc ADR [NYSE: NIO] stock went on an upward path that rose over 1.66% on Friday, amounting to a one-week price increase of more than 1.32%. The company report on January 3, 2024 at 6:00 AM that NIO Inc. Announces Repurchase Right Notification for 0.00% Convertible Senior Notes due 2026.
As required by rules of the United States Securities and Exchange Commission (the “SEC”), the Company will file a Tender Offer Statement on Schedule TO. In addition, documents specifying the terms, conditions and procedures for exercising the Repurchase Right will be available through the Depository Trust Company and the paying agent, which is The Deutsche Bank Trust Company Americas. None of the Company, its board of directors or its employees has made or is making any representation or recommendation to any holder as to whether to exercise or refrain from exercising the Repurchase Right.
Over the last 12 months, NIO stock dropped by -47.21%. The one-year NIO Inc ADR stock forecast points to a potential upside of 38.72. The average equity rating for NIO stock is currently 1.85, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $9.64 billion, with 1.57 billion shares outstanding and 1.56 billion shares in the current float. Compared to the average trading volume of 59.80M shares, NIO stock reached a trading volume of 39065259 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on NIO Inc ADR [NIO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NIO shares is $10.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NIO stock is a recommendation set at 1.85. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for NIO Inc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 09, 2024.
The Average True Range (ATR) for NIO Inc ADR is set at 0.45, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 4.91, with the Price to Cash per share for the same quarter was set at 3.76.
NIO Stock Performance Analysis:
NIO Inc ADR [NIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.32. With this latest performance, NIO shares dropped by -34.19% in over the last four-week period, additionally sinking by -53.63% over the last 6 months – not to mention a drop of -47.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NIO stock in for the last two-week period is set at 33.38, with the RSI for the last a single of trading hit 29.46, and the three-weeks RSI is set at 36.77 for NIO Inc ADR [NIO]. The present Moving Average for the last 50 days of trading for this stock 7.54, while it was recorded at 6.09 for the last single week of trading, and 8.98 for the last 200 days.
Insight into NIO Inc ADR Fundamentals:
NIO Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.09.
NIO Inc ADR [NIO] Institutonal Ownership Details
The top three institutional holders of NIO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NIO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NIO stock with ownership which is approximately 5.8325%.