NIO (NYSE:NIO) Stock Price Up 4.6% – Here’s Why

Shares of NIO Inc. (NYSE:NIO) rose 4.6% on Monday . The stock traded as high as $5.38 and last traded at $5.3360. Approximately 68,254,717 shares were traded during trading, an increase of 18% from the average daily volume of 57,879,895 shares. The stock had previously closed at $5.10.

Analyst Ratings Changes

Several equities analysts have weighed in on NIO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a report on Monday, December 22nd. Wall Street Zen upgraded NIO from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Barclays raised their target price on NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Friday, November 28th. Mizuho upped their price target on NIO from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, September 23rd. Finally, UBS Group cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.73.

NIO Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 2.36. The firm has a 50-day moving average price of $5.89 and a 200 day moving average price of $5.56. The firm has a market capitalization of $11.14 billion, a PE ratio of -3.68 and a beta of 1.04.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NIO. Gladstone Institutional Advisory LLC raised its stake in shares of NIO by 12.8% in the third quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock valued at $101,000 after acquiring an additional 1,500 shares in the last quarter. MGO One Seven LLC raised its position in NIO by 10.6% in the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock valued at $124,000 after purchasing an additional 1,560 shares in the last quarter. Insigneo Advisory Services LLC raised its position in NIO by 4.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock valued at $328,000 after purchasing an additional 1,806 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after buying an additional 2,433 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after buying an additional 2,877 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.