It’s Not A Fantasy To Think That NIO Inc ADR (NIO) Has Big Future Potential

NIO Inc ADR (NYSE:NIO) currently has a daily average trading volume of 54.59M but it saw 47728752 shares traded in last market. With a market cap of 8.31B USD, the company’s current market price of $4.32 came falling about -4.21 while comparing to the previous closing price of $4.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.05 and as low as $3.61. In the recent trading on the day, stock has struck highest price mark of $4.26 while lowest mark touched by it was $4.405.

Taking a look at 20-day trading activity of NIO Inc ADR (NIO) gives us an average price of $4.52, while its current price level is -46.34% below from 52-week high level whereas it is 19.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.72 while that of 200 days or SMA-200 reads an average of $4.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.34% during that period while stretching the period over a month that decreases to 4.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.73 which implies that the stock is in neutral territory.

Goldman downgraded its recommendation for the stock as a “Sell” from “Neutral” on November 25, 2024 while assigning a price target range of $4.80-$3.90. Macquarie also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $6.60 and $4.80.

Over the week, NIO’s stock price is moving -0.92% down while it is -6.29% when we observe its performance for the past one month. Year-to-date it is -0.92% down and over the past year, the stock is showing a downside performance of -45.52%.

Currently, NIO Inc ADR’s total number of outstanding shares is 1.94B. Company’s return on investment (ROI) stands at -61.92% and return on equity (ROE) at -155.53%. Stock’s beta reads 1.69. Stock has a price to book (P/B) ratio of 5.58 while price to sale or P/S ratio amounts to 0.95. Its return on asset (ROA) is -20.31% on average.