NIO Inc ADR [NYSE: NIO] gained 1.04% or 0.07 points to close at $6.77 with a heavy trading volume of 91389809 shares.
The daily chart for NIO points out that the company has recorded 54.21% gains over the past six months.
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If we look at the average trading volume of 59.04M shares, NIO reached to a volume of 91389809 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $6.73 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 1.92. 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.
JP Morgan have made an estimate for NIO Inc ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 06, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on September 05, 2024, representing the official price target for NIO Inc ADR stock. Previously, the target price had yet another raise from $4.80 to $5.40, while JP Morgan kept a Neutral rating on NIO stock.
The Average True Range (ATR) for NIO Inc ADR is set at 0.48, with the Price to Sales ratio for NIO stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 6.37, with the Price to Cash per share for the same quarter was set at 2.86.
Trading performance analysis for NIO stock
NIO Inc ADR [NIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.83. With this latest performance, NIO shares gained by 39.59% in over the last four-week period, additionally plugging by 54.21% over the last 6 months – not to mention a drop of -23.33% 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 66.54, with the RSI for the last a single of trading hit 66.23, and the three-weeks RSI is set at 65.50 for NIO Inc ADR [NIO]. The present Moving Average for the last 50 days of trading for this stock 4.79, while it was recorded at 6.88 for the last single week of trading, and 5.29 for the last 200 days.
NIO Inc ADR [NIO]: A deeper dive into fundamental analysis
NIO Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.01 and a Current Ratio set at 1.11.
NIO Inc ADR [NIO]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, NIO Inc ADR posted -0.32/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NIO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NIO Inc ADR go to -4.62%.
An analysis of Institutional ownership at NIO Inc ADR [NIO]
The top three institutional holders of NIO stocks are: BLACKROCK INC. with ownership of 60.47 million shares, which is approximately 2.9581%. STATE STREET CORP, holding 21.94 million shares of the stock with an approximate value of $$91.27 million in NIO stocks shares; and STATE STREET CORP, currently with $$65.55 million in NIO stock with ownership which is approximately 0.7708%.
