NIO (NYSE:NIO) Shares Up 2%

Shares of Nio Inc – (NYSE:NIO) shot up 2% during trading on Tuesday . The stock traded as high as $4.75 and last traded at $4.69. 25,193,856 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 55,101,445 shares. The stock had previously closed at $4.60.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NIO shares. Barclays reissued an “underweight” rating and set a $4.00 price target (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. UBS Group reduced their target price on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Bank of America reduced their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. JPMorgan Chase & Co. cut their price objective on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, March 6th. Finally, Jefferies Financial Group cut their price objective on shares of NIO from $8.30 to $5.90 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, NIO has an average rating of “Hold” and a consensus price target of $8.43.

NIO Stock Up 6.1 %

The firm’s 50-day moving average is $4.92 and its 200 day moving average is $6.46. The firm has a market capitalization of $9.61 billion, a PE ratio of -3.19 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22.

NIO (NYSE:NIO) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.51) EPS. As a group, research analysts forecast that Nio Inc – will post -1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NIO. Bfsg LLC bought a new position in NIO during the fourth quarter valued at about $33,000. Rakuten Securities Inc. purchased a new stake in shares of NIO during the 4th quarter worth about $38,000. Principal Securities Inc. purchased a new stake in shares of NIO during the 4th quarter worth about $42,000. Peoples Bank KS purchased a new stake in shares of NIO during the 3rd quarter worth about $46,000. Finally, Newbridge Financial Services Group Inc. raised its stake in shares of NIO by 272.3% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after purchasing an additional 6,875 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.