NIO (NYSE:NIO) Stock Price Up 0.9% – Should You Buy?

Nio Inc – (NYSE:NIO) shares were up 0.9% during mid-day trading on Monday . The stock traded as high as $3.84 and last traded at $3.79. Approximately 32,109,547 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 55,762,847 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

Several research analysts have weighed in on NIO shares. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Cfra Research raised shares of NIO to a “hold” rating in a research report on Friday, March 21st. Mizuho cut their price objective on shares of NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a report on Monday, March 24th. Citigroup lowered their target price on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, HSBC cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.

NIO Price Performance

The stock has a market cap of $7.98 billion, a P/E ratio of -2.53 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business’s fifty day moving average price is $4.43 and its 200 day moving average price is $4.83.

NIO (NYSE:NIO) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted ($2.81) earnings per share. Sell-side analysts forecast that Nio Inc – will post -1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NIO

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares in the last quarter. Callan Family Office LLC purchased a new stake in NIO in the 4th quarter valued at $44,000. Sava Infond d.o.o. bought a new position in NIO during the 4th quarter valued at $44,000. Finally, Trilogy Capital Inc. purchased a new position in NIO during the fourth quarter worth about $45,000. 48.55% of the stock is owned by 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.