NIO Stock Price Update:
NIO Inc. (NIO) recently closed with fall of NIO stock price moved downswing along with the volume 20.51 million shares in Thursday session. Shares are closed price at $6.69 with change of -0.74%. The total dollar value of all 1.05 billion outstanding shares is 7 billion. The company’s 3-months average volume stands at 29.88 million. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 0.68.
NIO Stock Price Movement in past 20 Days period and 52-Week period
The Company -2.24% to its 20-Day Simple Moving Average this short time frame image represents a downward movement of recent price over average price of last 20 days. Recent trade price levels places NIO’s stock about -51.52% away from the 52-week high and closed 25.05% away from the 52-week low.
NIO Stock Price Movement in past 50 Days period and 200 Days Period
Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Shares of NIO moved downward with change of -7.48% to its 50-day Moving average. This falling movement shows negative prices direction over last 50 days. NIO stock price revealed pessimistic move of -7.48% comparing average price of last 200 days. This comparison showed down direction of price behind its 200-SMA.
NIO Stock Past Historical Trends
This check is giving Bullish indication for investors. Investors expect the good YTD performance from the stock. From the start of year 2018 to present date NIO reported surged performance of 1.36%. Investors saw a positive move of 1.06% in last five trading days. This performance is snap optimistic view of last week. The stock is remained in positive radar as stock is rising.
NIO Consensus Recommendation:
Experts experienced mean rating at 2.40 following consensus analysis. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). The analysts’ recommendations are not the only factor to be kept in mind while taking investment decision (whether to buy, hold, or sell a stock) that Investors should not rely only there are many side factors which have deep impact on stock’s performance such as financial reports filed with SEC, company’s portfolio and approach towards market systematic and unsystematic risk factors.
Guide to analyst recommendations because ratings terms vary from company to company, the guide is designed to help investors understand the meaning after each rating (where available) and to allow them to make comparisons between each firm’s recommendation.