NIO (NYSE:NIO) Shares Up 4.7% – Time to Buy?

Nio Inc – (NYSE:NIO)’s share price traded up 4.7% on Monday . The stock traded as high as $4.42 and last traded at $4.36. 50,208,693 shares changed hands during mid-day trading, an increase of 46% from the average session volume of 34,501,576 shares. The stock had previously closed at $4.16.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NIO. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NIO presently has an average rating of “Hold” and a consensus target price of $5.71.

NIO Trading Up 4.7 %

The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a 50 day moving average of $4.51 and a 200 day moving average of $4.79.

Institutional Trading of NIO

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its position in NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after acquiring an additional 589,082 shares in the last quarter. MCF Advisors LLC lifted its holdings in NIO by 4.2% during the 4th quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock worth $485,000 after buying an additional 4,479 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of NIO by 39.1% during the fourth quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company’s stock valued at $117,000 after acquiring an additional 7,554 shares during the period. Ballentine Partners LLC raised its position in shares of NIO by 31.2% during the 4th quarter. Ballentine Partners LLC now owns 31,508 shares of the company’s stock valued at $137,000 after acquiring an additional 7,488 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new position in shares of NIO in the 4th quarter valued at $270,000. 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.