NIO Inc. (NIO) opened at $42.25 and traded between the range of 41.64 – 43.30 . The stock currently has a 52 week range of 11.73 – 66.99 . More than 66,292,703 shares exchanged hands compared to an average volume of 65.15M and a market cap of over $65.65B.
Let’s take a look sneak peek into the company’s major share holders. 0.53% of shares are held by all the insider while 35.86% of shares held by Institutions. 36.06% of float is held by institutions with over 870 Number of Institutions Holding Shares.
Major share holders include Baillie Gifford and Company – 92,019,761, Blackrock Inc. – 62,612,159, Vanguard Group, Inc. (The) – 44,890,552, State Street Corporation – 25,484,086, Susquehanna International Group, LLP – 21,339,018.
Nio sales have sky rocketed in 2021. Let’s take a look at some of the number of vehicles delivered so far. The company delivered almost 44,000 vehicles in 2020, representing a 113% increase above 2019 levels. 2021 has been progressive as well for NIO. Even though there were production woes due to shortage of the semiconductor chips, NIO has managed to double the vehicle deliveries again over the comparable 2020 period. Considering that the kind of growth is already built into the company’s valuation, and the overall production volume is still relatively low it may be a good idea to wait for a pull back before hitting the buy button.
