While NIO Inc ADR has overperformed by 5.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NIO fell by -51.69%, with highs and lows ranging from $16.18 to $3.71, whereas the simple moving average fell by -50.41% in the last 200 days.
On April 15, 2024, Macquarie started tracking NIO Inc ADR (NYSE: NIO) recommending Neutral. A report published by Barclays on April 02, 2024, Downgraded its rating to ‘Underweight’ for NIO. Mizuho also Downgraded NIO shares as ‘Neutral’, setting a target price of $5.50 on the company’s shares in a report dated March 25, 2024. JP Morgan February 23, 2024d its ‘Neutral’ rating to ‘Underweight’ for NIO, as published in its report on February 23, 2024. Goldman also rated the stock as ‘Neutral’.
Analysis of NIO Inc ADR (NIO)
Further, the quarter-over-quarter increase in sales is 4.82%, showing a positive trend in the upcoming months.
One of the most important indicators of NIO Inc ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -84.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.12, 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.
For any stock, average volume can also provide valuable insight into volatility, and NIO is recording 54.57M average volume. On a monthly basis, the volatility of the stock is set at 5.30%, whereas on a weekly basis, it is put at 6.13%, with a gain of 2.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.91, showing growth from the present price of $4.00, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 21.76% 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 21.76% at present.
