NIO Inc ADR (NYSE:NIO) does about 57.34M shares in volume on a normal day but saw 47101134 shares change hands in Monday trading. The company now has a market cap of 6.78B USD. Its current market price is $4.37, marking a decrease of -0.46% compared to the previous close of $4.39. The 52 week high reached by this stock is $16.18 whilst the lowest price level in 52 weeks is $4.36.
NIO Inc ADR (NIO) has a 20-day trading average at $5.04 and the current price is -72.99% off the 52-week high compared with 0.23% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.49 and its 200-day simple moving average is $8.30. If we look at the stock’s price movements over the week, volatility stands at 4.40%, which increases to 4.57% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.65 to suggest the stock is oversold.
The consensus objective for the share price is $7.11, suggesting that the stock has a potential upside of 38.54% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 02, 2024 when Barclays downgraded the stock to “Underweight” and issued a price target of $4. Mizuho also downgraded the stock to “Neutral” from Buy on March 25, 2024 at a price target of $5.50. CLSA downgraded its price target at $6.
NIO Inc ADR (NIO) stock is down -5.82% over the week and -24.26% over the past month. Its price is -51.82% year-to-date and -51.23% over the past year.
To reach the target analysts have set, the stock logically needs to grow 38.54 percent from here.
Outstanding shares total 1.55B with insiders holding 6.27% of the shares and institutional holders owning 22.76% of the company’s common stock. The company has a return on investment of -43.53% and return on equity of -84.90%. The beta has a value of 1.95. Price to book ratio is 3.49 and price to sales ratio is 0.87.
