NIO (NYSE:NIO) Trading 0.8% Higher

Nio Inc – (NYSE:NIO) traded up 0.8% during trading on Monday . The stock traded as high as $3.83 and last traded at $3.83. 21,697,327 shares changed hands during trading, a decline of 61% from the average session volume of 55,724,367 shares. The stock had previously closed at $3.80.

Analysts Set New Price Targets

Several analysts have commented on the stock. Sanford C. Bernstein decreased their price objective on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Mizuho reiterated a “neutral” rating and issued a $5.50 target price on shares of NIO in a research note on Monday, March 25th. The Goldman Sachs Group assumed coverage on shares of NIO in a research note on Wednesday, January 3rd. They issued a “neutral” rating for the company. Macquarie assumed coverage on shares of NIO in a research note on Monday, April 15th. They issued a “neutral” rating and a $5.00 target price for the company. Finally, Bank of America decreased their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, NIO presently has a consensus rating of “Hold” and an average target price of $8.43.

NIO Stock Up 0.5 %

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’s fifty day moving average price is $5.13 and its 200-day moving average price is $6.65.

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

Hedge Funds Weigh In On NIO

Hedge funds have recently modified their holdings of the business. BSW Wealth Partners purchased a new position in NIO in the 1st quarter valued at $46,000. Stablepoint Partners LLC lifted its holdings in NIO by 34.8% in the first quarter. Stablepoint Partners LLC now owns 66,313 shares of the company’s stock valued at $298,000 after acquiring an additional 17,132 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in NIO by 6.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 334,836 shares of the company’s stock valued at $1,507,000 after acquiring an additional 20,716 shares during the period. PFG Investments LLC acquired a new stake in NIO in the first quarter valued at $232,000. Finally, AMF Tjanstepension AB lifted its holdings in NIO by 132.4% in the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after acquiring an additional 889,900 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

About NIO

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.