NIO (NYSE:NIO) Stock Price Up 3.6%

Shares of Nio Inc – (NYSE:NIO) rose 3.6% during mid-day trading on Monday . The stock traded as high as $4.41 and last traded at $4.31. Approximately 24,725,719 shares were traded during trading, a decline of 55% from the average daily volume of 54,530,859 shares. The stock had previously closed at $4.16.

Wall Street Analyst Weigh In

NIO has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $4.80 to $5.40 in a report on Wednesday, May 15th. Bank of America boosted their target price on shares of NIO from $5.90 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Macquarie began coverage on shares of NIO in a research note on Monday, April 15th. They issued a “neutral” rating and a $5.00 target price for the company. UBS Group dropped their target price 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. Finally, Barclays reaffirmed an “underweight” rating and issued a $4.00 target price (down from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.55.

NIO Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.03. The firm has a market capitalization of $7.67 billion, a P/E ratio of -2.62 and a beta of 1.80. The stock’s 50 day moving average is $4.86 and its two-hundred day moving average is $5.67.

NIO (NYSE:NIO) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). The firm had revenue of $1.37 billion for 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%. As a group, equities analysts anticipate that Nio Inc – will post -1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in NIO by 7.8% during the third quarter. PNC Financial Services Group Inc. now owns 31,177 shares of the company’s stock worth $282,000 after purchasing an additional 2,248 shares during the last quarter. Mariner LLC raised its position in shares of NIO by 11.4% in the third quarter. Mariner LLC now owns 82,747 shares of the company’s stock valued at $748,000 after purchasing an additional 8,439 shares during the period. Federated Hermes Inc. bought a new position in shares of NIO in the third quarter valued at about $461,000. O Shaughnessy Asset Management LLC bought a new position in shares of NIO in the third quarter valued at about $120,000. Finally, Lido Advisors LLC grew its stake in shares of NIO by 13.2% in the third quarter. Lido Advisors LLC now owns 28,637 shares of the company’s stock valued at $259,000 after acquiring an additional 3,332 shares in the last quarter. 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.