NIO Inc ADR (NYSE:NIO) does about 57.26M shares in volume on a normal day but saw 70133387 shares change hands in Monday trading. The company now has a market cap of 6.04B USD. Its current market price is $3.89, marking a decrease of -5.35% compared to the previous close of $4.11. The 52 week high reached by this stock is $16.18 whilst the lowest price level in 52 weeks is $4.09.
NIO Inc ADR (NIO) has a 20-day trading average at $4.66 and the current price is -75.96% off the 52-week high compared with -4.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.34 and its 200-day simple moving average is $8.18. If we look at the stock’s price movements over the week, volatility stands at 6.38%, which decreases to 4.90% 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 27.06 to suggest the stock is oversold.
The consensus objective for the share price is $7.03, suggesting that the stock has a potential upside of 44.67% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 15, 2024 when Macquarie resumed the stock to “Neutral” and issued a price target of $5. Barclays downgraded the stock to “Underweight” from Equal Weight on April 02, 2024 at a price target of $4. Mizuho downgraded its price target at $5.50.
NIO Inc ADR (NIO) stock is down -10.98% over the week and -30.29% over the past month. Its price is -57.11% year-to-date and -57.25% over the past year.
To reach the target analysts have set, the stock logically needs to grow 44.67 percent from here.
The company has a return on investment of -43.51% and return on equity of -84.90%. The beta has a value of 1.96. Price to book ratio is 2.06 and price to sales ratio is 0.77.
