NIO (NYSE:NIO) Trading Up 1.8% – Here’s Why

NIO Inc. (NYSE:NIO)’s stock price traded up 1.8% during trading on Monday . The company traded as high as $5.58 and last traded at $5.4550. 25,451,251 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 42,728,559 shares. The stock had previously closed at $5.36.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NIO. Bank of America reiterated a “neutral” rating and set a $6.80 price target on shares of NIO in a report on Thursday, May 21st. Nomura raised shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price for the company in a research note on Wednesday, March 11th. Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 price target on shares of NIO in a research note on Friday, May 22nd. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and upped their price objective for the stock from $4.80 to $6.80 in a report on Friday, March 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.70.

NIO Price Performance

The company’s 50-day moving average price is $6.04 and its 200-day moving average price is $5.42. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of -9.92 and a beta of 0.92.

NIO (NYSE:NIO) last announced its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. The firm had revenue of $4.95 billion for the quarter. On average, equities research analysts forecast that NIO Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp boosted its stake in shares of NIO by 98.3% in the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after buying an additional 2,950 shares during the period. Arax Advisory Partners lifted 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 acquiring an additional 3,487 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in NIO during the 4th quarter worth approximately $41,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of NIO in the 1st quarter valued at approximately $41,000. Finally, MV Capital Management Inc. acquired a new stake in shares of NIO in the 4th quarter valued at $42,000. 48.55% of the stock is 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.