NIO (NYSE:NIO) Stock Price Up 3.4%

Nio Inc – (NYSE:NIO)’s share price was up 3.4% during trading on Monday . The company traded as high as $4.69 and last traded at $4.61. Approximately 13,761,330 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 53,733,992 shares. The stock had previously closed at $4.46.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Macquarie began coverage on NIO in a report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective for the company. JPMorgan Chase & Co. raised NIO from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. Barclays restated an “underweight” rating and issued a $4.00 target price (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Bank of America increased their price target on NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, Citigroup reduced their price objective on shares of NIO from $10.40 to $8.50 and set a “buy” rating on the stock in a report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.55.

NIO Stock Up 5.2 %

The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.15. The stock has a fifty day moving average price of $4.79 and a two-hundred day moving average price of $5.25. The firm has a market capitalization of $8.06 billion, a P/E ratio of -2.73 and a beta of 1.86.

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

Hedge Funds Weigh In On NIO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC acquired a new stake in NIO in the 4th quarter worth approximately $33,000. Rakuten Securities Inc. bought a new stake in NIO in the 4th quarter valued at $38,000. Newbridge Financial Services Group Inc. lifted its stake in NIO by 272.3% during the first quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after purchasing an additional 6,875 shares during the period. Principal Securities Inc. bought a new stake in NIO in the fourth quarter valued at $42,000. Finally, BSW Wealth Partners acquired a new stake in shares of NIO during the 1st quarter worth about $46,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.