NIO (NYSE:NIO) Shares Up 4% – What’s Next?

NIO Inc. (NYSE:NIO)’s stock price traded up 4% during trading on Wednesday . The stock traded as high as $6.54 and last traded at $6.3850. 37,132,732 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 45,214,934 shares. The stock had previously closed at $6.14.

Analyst Ratings Changes

Several research analysts have commented on the company. Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a research report on Wednesday, March 11th. Bank of America reissued a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. HSBC upgraded NIO from a “hold” rating to a “buy” rating and raised their target price for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.80.

NIO Stock Up 4.0%

The firm has a 50 day moving average price of $5.28 and a two-hundred day moving average price of $5.70. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $14.67 billion, a price-to-earnings ratio of -6.58 and a beta of 0.99.

Institutional Trading of NIO

Large investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp grew its stake in shares of NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after acquiring an additional 2,950 shares in the last quarter. Farther Finance Advisors LLC grew its stake in NIO by 148.3% in the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after purchasing an additional 2,877 shares in the last quarter. Arax Advisory Partners grew its stake in NIO by 81.6% in the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after purchasing an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in NIO in the fourth quarter worth about $41,000. Finally, MV Capital Management Inc. acquired a new position in NIO in the fourth quarter worth about $42,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.