NIO (NYSE:NIO) Trading Up 1.9%

Nio Inc – (NYSE:NIO)’s share price rose 1.9% during trading on Thursday . The company traded as high as $5.41 and last traded at $5.32. Approximately 14,045,657 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 56,580,203 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NIO. Macquarie began coverage on NIO in a research note on Monday, April 15th. They issued a “neutral” rating and a $5.00 price target for the company. UBS Group decreased their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Sanford C. Bernstein decreased their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Barclays reaffirmed an “underweight” rating and set a $4.00 price target (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group cut their price objective on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.43.

NIO Price Performance

The stock’s fifty day moving average price is $4.91 and its 200-day moving average price is $6.37. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of -3.04 and a beta of 1.92. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

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

Institutional Investors Weigh In On NIO

Several institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of NIO by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,215,168 shares of the company’s stock worth $5,468,000 after purchasing an additional 43,758 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of NIO by 127.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 378,638 shares of the company’s stock worth $1,704,000 after purchasing an additional 211,936 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in NIO by 4.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 373,580 shares of the company’s stock valued at $1,681,000 after purchasing an additional 14,300 shares during the period. O Dell Group LLC increased its stake in shares of NIO by 45,102.5% during the first quarter. O Dell Group LLC now owns 36,162 shares of the company’s stock worth $163,000 after acquiring an additional 36,082 shares during the period. Finally, WMG Financial Advisors LLC increased its stake in shares of NIO by 18.9% during the first quarter. WMG Financial Advisors LLC now owns 262,245 shares of the company’s stock worth $1,180,000 after acquiring an additional 41,750 shares during the period. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.