NIO (NYSE:NIO) Stock Price Up 1.5% – Should You Buy?

NIO Inc. (NYSE:NIO)’s share price rose 1.5% on Tuesday . The stock traded as high as $5.38 and last traded at $5.28. Approximately 38,669,801 shares changed hands during trading, a decline of 9% from the average daily volume of 42,625,438 shares. The stock had previously closed at $5.20.

Analyst Ratings Changes

NIO has been the topic of several research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 price target on shares of NIO in a research note on Friday. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. HSBC upgraded NIO from a “hold” rating to a “buy” rating and boosted their price target for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Finally, Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target on the stock in a research note on Wednesday, March 11th. Seven analysts have rated the stock with a Buy rating, five have given 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 price target of $6.70.

NIO Stock Up 1.5%

The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a market cap of $12.13 billion, a PE ratio of -9.60 and a beta of 0.97. The business has a 50 day moving average price of $6.07 and a 200 day moving average price of $5.48.

NIO (NYSE:NIO) last issued its earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. NIO had a negative return on equity of 396.04% and a negative net margin of 8.78%.The firm had revenue of $4.95 billion for the quarter. Equities research analysts expect that NIO Inc. will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On NIO

Large investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp raised its holdings in NIO by 98.3% in the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after purchasing an additional 2,950 shares during the period. Arax Advisory Partners raised its holdings in NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after purchasing an additional 3,487 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in NIO in the 4th quarter worth about $41,000. Merkkuri Wealth Advisors LLC acquired a new position in NIO in the 1st quarter worth about $41,000. Finally, MV Capital Management Inc. acquired a new position in NIO in the 4th quarter worth about $42,000. 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.