NIO (NYSE:NIO) Stock Price Up 3.7%

Shares of Nio Inc – (NYSE:NIO) were up 3.7% on Tuesday . The company traded as high as $4.80 and last traded at $4.80. Approximately 14,641,420 shares were traded during trading, a decline of 73% from the average daily volume of 54,099,266 shares. The stock had previously closed at $4.63.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup lowered their target price on shares of NIO from $10.40 to $8.50 and set a “buy” rating for the company in a research note on Thursday, June 6th. Barclays reissued an “underweight” rating and set a $4.00 price objective (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. Mizuho reiterated a “neutral” rating and set a $5.50 price target on shares of NIO in a research note on Monday, March 25th. Finally, Bank of America increased their price objective on NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a report on Friday, June 7th. One investment 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 data from MarketBeat.com, NIO has an average rating of “Hold” and a consensus target price of $7.55.

NIO Stock Performance

The company has a market capitalization of $7.80 billion, a PE ratio of -2.69 and a beta of 1.86. The firm has a 50-day moving average of $4.80 and a two-hundred day moving average of $5.33. The company has a quick ratio of 1.03, a current ratio of 1.15 and a debt-to-equity ratio of 0.55.

NIO (NYSE:NIO) last posted its earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share (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 anticipate that Nio Inc – will post -1.41 EPS for the current year.

Institutional Trading of NIO

Several institutional investors have recently bought and sold shares of NIO. Hsbc Holdings PLC lifted its stake in NIO by 238.6% in the 4th quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after buying an additional 4,976,403 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of NIO in the fourth quarter valued at approximately $12,361,000. Swedbank AB acquired a new stake in shares of NIO in the first quarter worth approximately $5,343,000. Norges Bank acquired a new stake in shares of NIO in the fourth quarter worth approximately $9,652,000. Finally, AMF Tjanstepension AB increased its position in shares of NIO by 132.4% during the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock worth $7,030,000 after purchasing an additional 889,900 shares in the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

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.