NIO Limited (NYSE: NIO) is -19.41% lower on its value in year-to-date trading and has touched a low of $2.11 and a high of $66.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NIO stock was last observed hovering at around $41.53 in the last trading session, with the day’s loss setting it -2.25% off its average median price target of $452.83 for the next 12 months. It is also 93.33% off the consensus price target high of $588.76 offered by 18 analysts, but current levels are 66.27% higher than the price target low of $116.46 for the same period.
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Currently trading at $39.28, the stock is -27.28% and -27.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 203.85 million and changing -5.42% at the moment leaves the stock 32.39% off its SMA200. NIO registered 914.99% gain for a year compared to 6-month gain of 95.23%. The firm has a 50-day simple moving average (SMA 50) of $55.74 and a 200-day simple moving average (SMA200) of $39.05.
The stock witnessed a -29.57% loss in the last 1 month and extending the period to 3 months gives it a -13.40%, and is -16.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.27% over the week and 7.62% over the month.
NIO Limited (NIO) has around 7442 employees, a market worth around $63.17B and $1.93B in sales. Profit margin for the company is -56.30%. Distance from 52-week low is 1761.61% and -41.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-505.80%).
Analyst recommendations provided by FactSet shows that the consensus forecast for NIO Limited (NIO) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
NIO Limited is expected to release its quarterly report on 06/02/2021 and quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $955.42M over the same period.The EPS is expected to grow by 51.30% this year, but quarterly earnings will post 108.50% year-over-year. Quarterly sales are estimated to grow 387.90% in year-over-year returns.
564 institutions hold shares in NIO Limited (NIO), with 7.99M shares held by insiders accounting for 0.56% while institutional investors hold 36.54% of the company’s shares. The shares outstanding are 1.21B, and float is at 1.00B with Short Float at 5.09%. Institutions hold 36.33% of the Float.
The top institutional shareholder in the company is Baillie Gifford and Company with over 107.91 million shares valued at $5.26 billion. The investor’s holdings represent 8.35% of the NIO Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 61.5 million shares valued at $3.0 billion to account for 4.76% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 39.69 million shares representing 3.07% and valued at over $1.93 billion, while State Street Corporation holds 2.10% of the shares totaling 27.12 million with a market value of $1.32 billion.