NIO (NYSE:NIO) Shares Up 2.5% – What’s Next?

Shares of NIO Inc. (NYSE:NIO) shot up 2.5% on Friday . The stock traded as high as $4.88 and last traded at $4.85. Approximately 25,697,542 shares were traded during trading, a decline of 38% from the average daily volume of 41,338,191 shares. The stock had previously closed at $4.73.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $6.00 price objective on shares of NIO in a research report on Friday, May 22nd. Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a research note on Wednesday, March 11th. Bank of America reissued a “neutral” rating and issued a $6.80 target price on shares of NIO in a report on Thursday, May 21st. Finally, Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Seven investment 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. Based on data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average price target of $6.70.

NIO Stock Up 2.5%

The firm’s 50 day simple moving average is $5.76 and its 200 day simple moving average is $5.39. The company has a market cap of $12.04 billion, a price-to-earnings ratio of -8.82 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94.

NIO (NYSE:NIO) last issued its quarterly earnings data on Friday, May 22nd. The company reported $0.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.08. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%.The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the firm posted ($0.41) earnings per share. The business’s revenue was up 112.2% on a year-over-year basis. Sell-side analysts anticipate that NIO Inc. will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NIO. Atlantic Union Bankshares Corp raised its stake in shares of NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after purchasing an additional 2,950 shares in the last quarter. Allworth Financial LP grew its position in NIO by 183.5% in the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock valued at $50,000 after buying an additional 4,269 shares in the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in NIO during the 1st quarter valued at about $41,000. Arax Advisory Partners increased its stake in NIO by 81.6% during the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after buying an additional 3,487 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of NIO by 120.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock worth $48,000 after buying an additional 4,383 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

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.