NIO (NYSE:NIO) Shares Up 6.1% – Here’s What Happened

NIO Inc. (NYSE:NIO)’s share price rose 6.1% during trading on Friday. The company traded as high as $3.42 and last traded at $3.3950. Approximately 49,763,623 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 36,590,434 shares. The stock had previously closed at $3.20.

NIO News Summary

Here are the key news stories impacting NIO this week:

• Positive Sentiment: NIO shares rose alongside a broad recovery in EV stocks, including XPeng, Tesla and Li Auto. The rebound appears market-driven rather than a response to a new NIO catalyst. NIO Soars 6%, XPeng Up 7% as EV Stocks Bounce Back After Midterm Sell-Off
• Positive Sentiment: NIO reported reaching 130 million battery swaps across 4,236 stations in China, highlighting the scale of its battery-swapping network. Nio reaches 130 million battery swaps with 4,236 stations operating across China
• Positive Sentiment: A NIO electric-vehicle motor received an engineering award, offering a positive product and technology signal, though the article provides no financial impact. Nio EV motor wins prestigious engineering
• Neutral Sentiment: Sell-side analysts reportedly rate NIO “Hold,” suggesting neither a strong bullish nor bearish consensus signal. NIO Inc. Stock Rated Hold by Sell-Side Analysts
• Negative Sentiment: NIO’s October deliveries reportedly declined 15%, a potential demand headwind that may temper the market-wide rebound. NIO Reports October Deliveries

Analyst Ratings Changes

Several brokerages have issued reports on NIO. Freedom Broker lowered NIO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group restated a “buy” rating and set a $6.10 price objective on shares of NIO in a report on Friday, September 4th. JPMorgan Chase & Co. lowered their target price on NIO from $4.50 to $3.70 and set a “neutral” rating on the stock in a research report on Monday, October 26th. Zacks Research cut NIO from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada cut NIO to a “sector perform” rating in a report on Thursday, September 3rd. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.78.

NIO Trading Up 6.1%

The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $8.43 billion, a P/E ratio of -12.57 and a beta of 0.89. The firm’s 50-day moving average price is $3.53 and its 200 day moving average price is $4.85.

NIO (NYSE:NIO) last announced its quarterly earnings results on Saturday, August 15th. The company reported $0.00 earnings per share for the quarter. The business had revenue of $4.73 billion for the quarter. NIO had a negative net margin of 3.95% and a negative return on equity of 111.37%. As a group, equities research analysts predict that NIO Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently modified their holdings of NIO. 180 Wealth Advisors LLC raised its holdings in shares of NIO by 4.4% in the third quarter. 180 Wealth Advisors LLC now owns 81,171 shares of the company’s stock valued at $278,000 after buying an additional 3,387 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of NIO by 2.4% during the second quarter. Engineers Gate Manager LP now owns 152,990 shares of the company’s stock worth $774,000 after buying an additional 3,537 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of NIO by 0.8% during the second quarter. Van ECK Associates Corp now owns 492,784 shares of the company’s stock worth $2,493,000 after buying an additional 4,002 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in NIO by 120.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after acquiring an additional 4,383 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its position in NIO by 17.5% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 29,605 shares of the company’s stock valued at $150,000 after acquiring an additional 4,406 shares during the period. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Company Profile

NIO Inc is a China-based electric vehicle company founded in 2014. The company designs, develops, and sells premium smart electric vehicles, including sedans and sport utility vehicles, primarily under the NIO brand.

Alongside its vehicles, NIO offers battery-swapping and charging services, vehicle software and connectivity features, and related ownership services. Its battery-as-a-service offering allows customers to separate battery use from vehicle purchase.

NIO serves customers in China and selected European markets.