While NIO Inc ADR has overperformed by 2.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NIO fell by -43.11%, with highs and lows ranging from $9.57 to $3.61, whereas the simple moving average fell by -6.81% in the last 200 days.
On November 25, 2024, Goldman Downgraded NIO Inc ADR (NYSE: NIO) to Sell. A report published by Macquarie on November 20, 2024, Downgraded its rating to ‘Neutral’ for NIO. Macquarie also Upgraded NIO shares as ‘Outperform’, setting a target price of $6.60 on the company’s shares in a report dated October 28, 2024. JP Morgan September 06, 2024d the rating to Overweight on September 06, 2024, and set its price target from $5.30 to $8. Wolfe Research initiated its ‘Peer Perform’ rating for NIO, as published in its report on September 05, 2024. JP Morgan’s report from May 15, 2024 suggests a price prediction of $5.40 for NIO shares, giving the stock a ‘Neutral’ rating. Macquarie also rated the stock as ‘Neutral’.
Analysis of NIO Inc ADR (NIO)
Further, the quarter-over-quarter decrease in sales is -0.98%, showing a negative trend in the upcoming months.
In order to gain a clear picture of NIO Inc ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -155.53% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.93, 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.
An average volume of 69.74M can be a very valuable indicator of volatility for NIO stock. On a monthly basis, the volatility of the stock is set at 5.61%, whereas on a weekly basis, it is put at 3.98%, with a loss of -4.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.25, showing growth from the present price of $4.54, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 9.90% 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 9.90% at present.
