NIO (NYSE:NIO) Trading 2% Higher

Nio Inc – (NYSE:NIO)’s stock price traded up 2% during mid-day trading on Tuesday . The stock traded as high as $4.75 and last traded at $4.69. 25,193,856 shares changed hands during trading, a decline of 54% from the average session volume of 55,101,445 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America cut their price target on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, March 6th. UBS Group lowered their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. JPMorgan Chase & Co. decreased their target price on NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a research report on Wednesday, March 6th. Mizuho reiterated a “neutral” rating and issued a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Finally, The Goldman Sachs Group initiated coverage on NIO in a research report on Wednesday, January 3rd. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.43.

NIO Stock Up 2.6 %

The company has a 50 day simple moving average of $4.96 and a two-hundred day simple moving average of $6.49. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $8.11 billion, a P/E ratio of -2.68 and a beta of 1.93.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.51) EPS. As a group, equities analysts predict that Nio Inc – will post -1.26 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC lifted its holdings in NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after buying an additional 4,976,403 shares during the period. Electron Capital Partners LLC purchased a new stake in NIO during the third quarter worth $37,918,000. Quadrature Capital Ltd purchased a new stake in NIO during the fourth quarter worth $12,361,000. Norges Bank purchased a new stake in NIO during the fourth quarter worth $9,652,000. Finally, Linden Advisors LP purchased a new stake in NIO during the third quarter worth $8,972,000. 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.