A look at the stock’s price movement, the close in the last trading session was $38.95, moving within a range at $37.815 and $39.7375. The beta value (5-Year monthly) was 2.54. Turning to its 52-week performance, $66.99 and $15.61 were the 52-week high and 52-week low respectively. Overall, NIO moved -8.56% over the past month.
NIO Inc.’s market cap currently stands at around $61.62 billion, with investors looking forward to this quarter’s earnings report slated for Nov 15, 2021 – Nov 19, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.68, which has seen fiscal year 2021 EPS growth forecast to increase to -$3.71 and about -$0.79 for fiscal year 2022. Per the data, EPS growth is expected to be -408.20% for 2021 and 78.70% for the next financial year.
Analysts have a consensus estimate of $8.45 billion for the company’s revenue for the quarter, with a low and high estimate of $8.12 billion and $8.54 billion respectively. The average forecast suggests up to a 1,434.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $35.82 billion, representing a 1,303.30% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that NIO is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
NIO’s current price about -8.25% and -13.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.11, while 7-day volatility ratio is 3.46% and 4.68% in the 30-day chart. Further, NIO Inc. (NIO) has a beta value of 0, and an average true range (ATR) of 2.15.
In the market, a comparison of NIO Inc. (NIO) and its peers suggest the former has performed considerably weaker. Data shows NIO’s intraday price has changed -1.77% in last session and 87.18% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on NIO Inc. (NYSE:NIO), historical trading data shows that trading volumes averaged 56.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.56 billion shares.
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The 0.53% of NIO Inc.’s shares are in the hands of company insiders while institutional holders own 36.50% of the company’s shares. Current price change has pushed the stock -21.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NIO stock continues to rise going into the next quarter.