NIO Inc ADR (NYSE:NIO) shares, rose in value, with the stock price up by 0.22% to the previous day’s close as strong demand from buyers drove the stock to $4.50.
Actively observing the price movement in the last trading, the stock closed the session at $4.49. The value of beta (5-year monthly) was 1.94. Referring to stock’s 52-week performance, its high was $16.18, and the low was $4.36. On the whole, NIO has fluctuated by -17.88% over the past month.
With the market capitalization of NIO Inc ADR currently standing at about $6.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jun 07, 2024 – Jun 11, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NIO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NIO currently trading nearly -14.25% and -19.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.78, while the 7-day volatility ratio is showing 4.73% which for the 30-day chart, stands at 4.90%. Furthermore, NIO Inc ADR (NIO)’s beta value is 1.95, and its average true range (ATR) is 0.29.
A comparison of NIO Inc ADR (NIO) with its peers suggests the former has fared considerably weaker in the market. NIO showed an intraday change of 0.22% in last session, and over the past year, it shrunk by -54.08%%.
Data on historical trading for NIO Inc ADR (NYSE:NIO) indicates that the trading volumes over the past 10 days have averaged 54.57 million and over the past 3 months, they’ve averaged 57.06 million. According to company’s latest data on outstanding shares, there are 1.55 billion shares outstanding.
Nearly 0.63% of NIO Inc ADR’s shares belong to company insiders and institutional investors own 27.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 170.68 million shares as on Mar 15, 2024, resulting in a short ratio of 3.46. According to the data, the short interest in NIO Inc ADR (NIO) stood at 8.20% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 168.18 million. The stock has fallen by -50.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NIO stock heading into the next quarter.
