With 64.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 43.93 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.57 whereas the lowest price it dropped to was $5.19. The 52-week range on NIO shows that it touched its highest point at $10.72 and its lowest point at $3.61 during that stretch. It currently has a 1-year price target of $6.46. Beta for the stock currently stands at 1.79.
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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 10.56%, but this was up by 49.19% over a month. Three-month performance surged to 25.85% while six-month performance fell -0.54%. The stock lost -44.89% in the past year, while it has lost -38.81% so far this year. A look at the trailing 12-month EPS for NIO yields -1.51 with Next year EPS estimates of -0.93. For the next quarter, that number is -0.30. This implies an EPS growth rate of 18.21% for this year and 25.44% for next year. EPS is expected to decline by -4.62% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.22%.
Float and Shares Shorts:
At present, 1.92 billion NIO shares are outstanding with a float of 1.92 billion shares on hand for trading. On 2024-08-30, short shares totaled 194.06 million, which was 927.9999999999999 higher than short shares on 1722384000. 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 0.15122 of NIO’s outstanding shares, institutional investors have minority control over the company.
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 2024-06-30, NIO reported revenue of $17445968000.0 and operating income of -$5209298000.0. The EBITDA in the recently reported quarter was -$4867823000.0 and diluted EPS was -$2.5.
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.
