Holdings of NIO Inc. (NIO) are aligned with the stars

NIO Inc. (NYSE: NIO) stock jumped 0.48% on Friday to $10.43 against a previous-day closing price of $10.38. With 40.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 60.48 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $10.72 whereas the lowest price it dropped to was $10.29. The 52-week range on NIO shows that it touched its highest point at $22.74 and its lowest point at $7.00 during that stretch. It currently has a 1-year price target of $13.59. Beta for the stock currently stands at 2.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NIO was up-trending over the past week, with a rise of 3.88%, but this was down by -8.51% over a month. Three-month performance surged to 6.54% while six-month performance rose 22.71%. The stock lost -52.46% in the past year, while it has gained 6.97% so far this year.

Float and Shares Shorts:

At present, 1.65 billion NIO shares are outstanding with a float of 1.42 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 101.51 million, which was 5.71% higher than short shares on Jul 30, 2023. In addition to Mr. William Li as the firm’s Co-Founder, Chairman & CEO, Mr. Lihong Qin serves as its Co-Founder, Pres & Director.

Institutional Ownership:

Through their ownership of 33.84% of NIO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 16.72% of NIO, in contrast to 16.21% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NIO with 7.61% of the stake, Baillie Gifford & Co. holds 119,456,115 shares worth 119,456,115. A second-largest stockholder of NIO, BlackRock Fund Advisors, holds 40,735,849 shares, controlling over 2.59% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NIO, holding 35,812,532 shares or 2.28% stake. With a 2.46% stake in NIO, the Vanguard International Growth Fun is the largest stakeholder. A total of 38,610,070 shares are owned by the mutual fund manager. The Scottish Mortgage Investment Trus, which owns about 1.43% of NIO stock, is the second-largest Mutual Fund holder. It holds 22,458,095 shares valued at 230.64 million. Government Pension Fund – Global holds 1.08% of the stake in NIO, owning 17,012,341 shares worth 174.72 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, NIO reported revenue of $10.29B and operating income of -$2.85B. The EBITDA in the recently reported quarter was -$2.69B and diluted EPS was -$1.68.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NIO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NIO analysts setting a high price target of $158.96 and a low target of $52.04, the average target price over the next 12 months is $95.51. Based on these targets, NIO could surge 1424.07% to reach the target high and rise by 398.95% to reach the target low. Reaching the average price target will result in a growth of 815.72% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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