While NIO Inc ADR has underperformed by -7.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NIO fell by -41.36%, with highs and lows ranging from $16.18 to $5.30, whereas the simple moving average fell by -38.60% in the last 200 days.
On February 23, 2024, JP Morgan Downgraded NIO Inc ADR (NYSE: NIO) to Underweight. A report published by BofA Securities on January 09, 2024, Downgraded its rating to ‘Neutral’ for NIO. Nomura June 12, 2023d the rating to Neutral on June 12, 2023, and set its price target from $25.80 to $7.50. JP Morgan March 02, 2023d its ‘Overweight’ rating to ‘Neutral’ for NIO, as published in its report on March 02, 2023. Barclays’s report from March 02, 2023 suggests a price prediction of $10 for NIO shares, giving the stock a ‘Equal Weight’ rating. Jefferies also rated the stock as ‘Hold’.
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Analysis of NIO Inc ADR (NIO)
Further, the quarter-over-quarter increase in sales is 38.68%, showing a positive 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 -96.96% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.97, 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 64.78M can be a very valuable indicator of volatility for NIO stock. On a monthly basis, the volatility of the stock is set at 4.38%, whereas on a weekly basis, it is put at 4.41%, with a loss of -5.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.79, showing growth from the present price of $5.33, 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 0.63%. 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 27.54% 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 27.54% at present.
