NIO (NYSE:NIO) Shares Up 2.7%

Nio Inc – (NYSE:NIO)’s stock price traded up 2.7% during trading on Wednesday . The company traded as high as $4.22 and last traded at $4.12. 16,243,199 shares traded hands during trading, a decline of 71% from the average session volume of 55,542,109 shares. The stock had previously closed at $4.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on NIO in a research report on Wednesday, January 3rd. They set a “neutral” rating for the company. Barclays reiterated an “underweight” rating and set a $4.00 price objective (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. UBS Group cut their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research report on Thursday, March 14th. JPMorgan Chase & Co. cut their price objective on NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, March 6th. Finally, Bank of America cut their target price on shares of NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $8.43.

NIO Price Performance

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 firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -2.36 and a beta of 1.93. The stock’s 50 day moving average price is $5.02 and its two-hundred day moving average price is $6.58.

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

Institutional Investors Weigh In On NIO

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted 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 valued at $64,070,000 after acquiring an additional 4,976,403 shares during the period. Electron Capital Partners LLC boosted its holdings in NIO by 5.6% during the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after acquiring an additional 235,521 shares during the period. Royal London Asset Management Ltd. boosted its holdings in NIO by 11.9% during the third quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company’s stock valued at $20,853,000 after acquiring an additional 245,800 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NIO by 7.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,055,591 shares of the company’s stock valued at $18,583,000 after acquiring an additional 134,234 shares during the period. Finally, AMF Tjanstepension AB boosted its holdings in NIO by 132.4% during the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after acquiring an additional 889,900 shares during the period. 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.