Analysts who follow Nio Inc - ADR (NIO) on average expect it to climb 40.48% over the next twelve months. Those same analysts give the stock an average rating of Sell.
That average rating earns Nio Inc - ADR an Analyst Ranking of 6, which means it ranks higher than 6 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Nio Inc - ADR Stock Today?
Nio Inc - ADR (NIO) stock is trading at $2.72 as of 2:48 PM on Tuesday, Mar 24, a gain of $0.35, or 14.77% from the previous closing price of $2.37. The stock has traded between $2.40 and $2.75 so far today. Volume today is 46,799,497 compared to average volume of 60,463,660.
