NIO (NYSE:NIO) Shares Up 3.9% – What’s Next?

Nio Inc – (NYSE:NIO) shares shot up 3.9% on Tuesday . The stock traded as high as $4.60 and last traded at $4.57. 20,260,662 shares traded hands during trading, a decline of 64% from the average session volume of 56,537,180 shares. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NIO. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Bank of America boosted their target price on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average price target of $5.71.

NIO Price Performance

The firm has a market cap of $7.98 billion, a P/E ratio of -3.10 and a beta of 1.77. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $5.39 and a two-hundred day moving average price of $4.86.

NIO (NYSE:NIO) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting the consensus estimate of ($2.21). The company had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. NIO’s revenue for the quarter was up 98.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.51) EPS. Equities analysts anticipate that Nio Inc – will post -1.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its holdings in NIO by 29.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 40,876 shares of the company’s stock worth $184,000 after buying an additional 9,375 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of NIO by 12.4% during the first quarter. California State Teachers Retirement System now owns 424,836 shares of the company’s stock worth $1,912,000 after purchasing an additional 46,987 shares in the last quarter. Tidal Investments LLC lifted its stake in NIO by 33.2% during the first quarter. Tidal Investments LLC now owns 254,730 shares of the company’s stock worth $1,146,000 after purchasing an additional 63,491 shares during the last quarter. Cetera Advisors LLC raised its stake in shares of NIO by 26.2% during the first quarter. Cetera Advisors LLC now owns 33,671 shares of the company’s stock worth $152,000 after acquiring an additional 6,981 shares in the last quarter. Finally, CWM LLC boosted its holdings in NIO by 16.0% during the 2nd quarter. CWM LLC now owns 24,399 shares of the company’s stock valued at $102,000 after acquiring an additional 3,371 shares during the period. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

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.