NIO (NYSE:NIO) Stock Price Up 1.9%

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Bank of America dropped their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Barclays reaffirmed an “underweight” rating and set a $4.00 target price (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Macquarie initiated coverage on shares of NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, Sanford C. Bernstein decreased their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.43.

NIO Stock Up 2.1 %

The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $9.16 billion, a P/E ratio of -3.04 and a beta of 1.92. The firm has a fifty day simple moving average of $4.91 and a 200-day simple moving average of $6.37.

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

Hedge Funds Weigh In On NIO

A number of institutional investors have recently modified their holdings of NIO. Bfsg LLC acquired a new position in shares of NIO during the 4th quarter worth $33,000. Rakuten Securities Inc. acquired a new position in shares of NIO during the 4th quarter worth $38,000. Newbridge Financial Services Group Inc. raised its holdings 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 buying an additional 6,875 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of NIO during the 4th quarter worth $42,000. Finally, Peoples Bank KS acquired a new position in shares of NIO during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.