Does NIO Inc ADR (NIO) offer a good opportunity for investors?

With 42.35 million shares changed hands, the volume of the stock remained lighter than its average volume of 58.68 million shares. The 52-week range on NIO shows that it touched its highest point at $16.18 and its lowest point at $4.45 during that stretch. It currently has a 1-year price target of $7.16. Beta for the stock currently stands at 1.92.

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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 down-trending over the past week, with a drop of -5.11%, but this was down by -19.30% over a month. Three-month performance dropped to -50.80% while six-month performance fell -47.92%. The stock lost -52.80% in the past year, while it has lost -48.84% so far this year. A look at the trailing 12-month EPS for NIO yields -1.76 with Next year EPS estimates of -0.82. For the next quarter, that number is -0.32. This implies an EPS growth rate of 23.69% for this year and 28.27% for next year.

Float and Shares Shorts:

At present, 1.55 billion NIO shares are outstanding with a float of 1.54 billion shares on hand for trading. On Mar 15, 2024, short shares totaled 170.68 million, which was 8.20% higher than short shares on Feb 15, 2024. In addition to Mr. William Li as the firm’s Co-Founder, Chairman & CEO, Mr. Lihong Qin serves as its Co-Founder, President & Director.

Institutional Ownership:

Through their ownership of 22.76% of NIO’s outstanding shares, institutional investors have minority control over the company.

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.