NIO (NYSE:NIO) Trading Up 1.8% Following Analyst Upgrade

NIO Inc. (NYSE:NIO) traded up 1.8% during mid-day trading on Thursday after Macquarie upgraded the stock from a neutral rating to an outperform rating. Macquarie now has a $6.10 price target on the stock. NIO traded as high as $4.69 and last traded at $4.64. 25,323,354 shares were traded during trading, a decline of 42% from the average session volume of 43,807,332 shares. The stock had previously closed at $4.56.

A number of other analysts also recently weighed in on NIO. Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. Barclays boosted their target price on shares of NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a research report on Friday, November 28th. Citigroup cut their price target on shares of NIO from $8.60 to $6.90 and set a “buy” rating for the company in a report on Wednesday, November 26th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $7.00 price objective on shares of NIO in a research note on Thursday, October 30th. Finally, Mizuho boosted their price objective on shares of NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.83.

Hedge Funds Weigh In On NIO

Several institutional investors have recently added to or reduced their stakes in NIO. Gladstone Institutional Advisory LLC boosted its position 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 worth $101,000 after acquiring an additional 1,500 shares during the last quarter. MGO One Seven LLC raised its stake in NIO by 10.6% during the third quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock worth $124,000 after purchasing an additional 1,560 shares during the period. Insigneo Advisory Services LLC boosted its holdings in shares of 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 during the last quarter. Tidal Investments LLC grew its stake in shares of NIO by 0.9% during 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 increased its holdings in shares of NIO by 148.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after buying an additional 2,877 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Trading Up 1.8%

The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.94. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of -3.20 and a beta of 1.05. The business has a fifty day moving average price of $5.34 and a 200 day moving average price of $5.67.

NIO Company Profile

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.