While NIO Inc ADR has overperformed by 2.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NIO fell by -35.84%, with highs and lows ranging from $9.57 to $3.61, whereas the simple moving average jumped by 4.75% in the last 200 days.
On October 28, 2024, Macquarie Upgraded NIO Inc ADR (NYSE: NIO) to Outperform. A report published by JP Morgan on September 06, 2024, Upgraded its rating to ‘Overweight’ for NIO. JP Morgan May 15, 2024d the rating to Neutral on May 15, 2024, and set its price target from $4.80 to $5.40. Macquarie initiated its ‘Neutral’ rating for NIO, as published in its report on April 15, 2024. Barclays’s report from April 02, 2024 suggests a price prediction of $4 for NIO shares, giving the stock a ‘Underweight’ rating. Mizuho also rated the stock as ‘Neutral’.
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Analysis of NIO Inc ADR (NIO)
Further, the quarter-over-quarter increase in sales is 92.79%, showing a positive trend in the upcoming months.
To gain a thorough understanding of NIO Inc ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -135.74% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.01, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and NIO is recording an average volume of 64.50M. On a monthly basis, the volatility of the stock is set at 5.08%, whereas on a weekly basis, it is put at 3.63%, with a loss of -5.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.74, showing growth from the present price of $5.28, which can serve as yet another indication of whether NIO is worth investing in or should be passed over.
How Do You Analyze NIO Inc ADR Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 14.52% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NIO shares are owned by institutional investors to the tune of 14.52% at present.
