Analysts Predict NIO Inc. (NYSE:NIO) To Reach $596.13 In 12 Months

$NIO Inc (NIO.US)$
In last trading session, NIO Inc. (NYSE:NIO) saw 59.02 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $41.84 trading at $2.48 or 6.30% at ring of the bell on the day assigns it a market valuation of $71.80B. That closing price of NIO’s stock is at a discount of -60.11% from its 52-week high price of $66.99 and is indicating a premium of 72.8% from its 52-week low price of $11.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 51.02 million shares which gives us an average trading volume of 66.28 million if we extend that period to 3-months.

For NIO Inc. (NIO), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 20 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 16 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.11 in the current quarter.
https://marketingsentinel.com/2021/07/29/analysts-predict-nio-inc-nysenio-to-reach-596-13-in-12-months/