NIO (NYSE:NIO) Stock Price Up 1.2% – What’s Next?

Nio Inc – (NYSE:NIO) shares rose 1.2% during mid-day trading on Wednesday . The company traded as high as $4.45 and last traded at $4.36. Approximately 20,800,565 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 56,769,750 shares. The stock had previously closed at $4.31.

Analyst Ratings Changes

NIO has been the topic of a number of recent research reports. Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.80 to $3.90 in a research report on Monday. Wolfe Research initiated coverage on NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Citigroup lowered their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.71.

NIO Price Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a 50 day moving average price of $5.42 and a two-hundred day moving average price of $4.88.

NIO (NYSE:NIO) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm’s quarterly revenue was up 98.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.51) EPS. On average, equities analysts forecast that Nio Inc – will post -1.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC bought a new position in NIO in the 2nd quarter worth about $25,000. Allspring Global Investments Holdings LLC bought a new position in NIO in the 3rd quarter worth about $32,000. Baader Bank Aktiengesellschaft bought a new position in NIO in the 2nd quarter worth about $53,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in NIO by 22.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after purchasing an additional 2,651 shares during the period. Finally, Caprock Group LLC bought a new position in NIO in the 2nd quarter worth about $63,000. Institutional investors 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.