NIO (NYSE:NIO) Trading Up 1.5%

Nio Inc – (NYSE:NIO)’s stock price rose 1.5% on Tuesday . The stock traded as high as $6.98 and last traded at $6.78. Approximately 51,897,809 shares were traded during trading, a decline of 6% from the average daily volume of 55,045,738 shares. The stock had previously closed at $6.68.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NIO shares. Bank of America upped their target price on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. upgraded 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 note on Friday, September 6th. Citigroup reduced their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, Wolfe Research initiated coverage on shares of NIO in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, NIO has a consensus rating of “Hold” and a consensus price target of $5.93.

NIO Stock Performance

The stock has a 50 day moving average price of $4.58 and a two-hundred day moving average price of $4.68. The company has a market cap of $12.09 billion, a price-to-earnings ratio of -4.01 and a beta of 1.82. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

NIO (NYSE:NIO) last posted its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm’s revenue was up 98.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.51) EPS. Analysts predict that Nio Inc – will post -1.37 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of NIO by 2.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock worth $371,000 after buying an additional 2,000 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in NIO by 13.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after acquiring an additional 2,038 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in NIO by 22.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after acquiring an additional 2,651 shares during the period. Cantor Fitzgerald L. P. raised its position in shares of NIO by 23.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 14,548 shares of the company’s stock worth $132,000 after buying an additional 2,719 shares in the last quarter. Finally, First Affirmative Financial Network increased its holdings in shares of NIO by 26.4% in the 1st quarter. First Affirmative Financial Network now owns 13,256 shares of the company’s stock worth $60,000 after buying an additional 2,768 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors.

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.