NIO (NYSE:NIO) Trading Up 0.9%

Nio Inc – (NYSE:NIO)’s share price was up 0.9% during mid-day trading on Thursday . The company traded as high as $4.71 and last traded at $4.63. Approximately 12,254,268 shares traded hands during trading, a decline of 77% from the average daily volume of 54,063,055 shares. The stock had previously closed at $4.59.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NIO shares. Bank of America upped their price target on shares of NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Barclays reaffirmed an “underweight” rating and set a $4.00 price target (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Mizuho reaffirmed a “neutral” rating and set a $5.50 price target on shares of NIO in a research note on Monday, March 25th. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and upped their price target for the company from $4.80 to $5.40 in a research note on Wednesday, May 15th. Finally, Macquarie assumed coverage on shares of NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.55.

NIO Trading Down 1.1 %

The stock’s fifty day moving average price is $4.81 and its 200 day moving average price is $5.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.03. The stock has a market capitalization of $7.80 billion, a P/E ratio of -2.74 and a beta of 1.86.

NIO (NYSE:NIO) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.48 billion. NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. Research analysts forecast that Nio Inc – will post -1.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bfsg LLC bought a new position in NIO during the 4th quarter worth about $33,000. Rakuten Securities Inc. bought a new position in NIO during the 4th quarter worth about $38,000. Newbridge Financial Services Group Inc. grew its holdings in NIO by 272.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after acquiring an additional 6,875 shares in the last quarter. Principal Securities Inc. bought a new position in NIO during the 4th quarter worth about $42,000. Finally, BSW Wealth Partners bought a new position in NIO during the 1st quarter worth about $46,000. 48.55% of the stock is currently owned by 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.