NIO (NYSE:NIO) Stock Price Up 2%

Shares of Nio Inc – (NYSE:NIO) were up 2% on Monday . The stock traded as high as $6.04 and last traded at $5.68. Approximately 44,149,273 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 56,842,816 shares. The stock had previously closed at $5.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NIO shares. Mizuho reissued a “neutral” rating and issued a $5.50 price target on shares of NIO in a report on Monday, March 25th. Barclays reiterated an “underweight” rating and set a $4.00 price target (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Sanford C. Bernstein decreased their price objective on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. UBS Group dropped their target price on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, Macquarie assumed coverage on NIO in a research report on Monday, April 15th. They issued a “neutral” rating and a $5.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.43.

NIO Trading Up 2.3 %

The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $9.80 billion, a PE ratio of -3.25 and a beta of 1.92. The stock has a 50 day moving average price of $4.92 and a 200-day moving average price of $6.41.

NIO (NYSE:NIO) last announced its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $18.16 billion. During the same period in the previous year, the business posted ($0.51) earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts expect that Nio Inc – will post -1.26 earnings per share for the current year.

Institutional Investors Weigh In On NIO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after acquiring an additional 4,976,403 shares in the last quarter. Electron Capital Partners LLC lifted its holdings in NIO by 5.6% in the 4th quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock worth $40,180,000 after purchasing an additional 235,521 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in NIO by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock valued at $10,430,000 after buying an additional 439,474 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in NIO by 11.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company’s stock valued at $20,853,000 after acquiring an additional 245,800 shares during the last quarter. Finally, AMF Tjanstepension AB boosted its holdings in shares of NIO by 132.4% during the 1st quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after purchasing an additional 889,900 shares during the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.