NIO (NYSE:NIO) Stock Price Up 5.8%

Nio Inc – (NYSE:NIOGet Rating)’s share price was up 5.8% on Wednesday . The company traded as high as $10.62 and last traded at $10.59. Approximately 448,081 shares were traded during trading, a decline of 99% from the average daily volume of 71,835,312 shares. The stock had previously closed at $10.01.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NIO shares. UBS Group downgraded shares of NIO from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $13.00 in a research report on Thursday, November 17th. Mizuho cut their price objective on shares of NIO from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. Sanford C. Bernstein dropped their target price on shares of NIO from $25.00 to $15.00 in a research report on Thursday, November 10th. Citigroup lowered their target price on NIO from $41.10 to $31.30 and set a “buy” rating on the stock in a research note on Thursday, September 8th. Finally, Bank of America reduced their target price on NIO from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.96.

NIO Stock Up 5.5 %

The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $12.93 and a 200-day moving average of $17.08.

NIO (NYSE:NIOGet Rating) last released its quarterly earnings data on Wednesday, September 7th. The company reported ($0.25) earnings per share (EPS) for the quarter. NIO had a negative net margin of 24.94% and a negative return on equity of 32.66%. The firm had revenue of $10.29 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted ($0.07) EPS. NIO’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts predict that Nio Inc – will post -0.81 earnings per share for the current year.

Hedge Funds Weigh In On NIO

Large investors have recently made changes to their positions in the business. Activest Wealth Management lifted its holdings in NIO by 65.8% during the 2nd quarter. Activest Wealth Management now owns 1,406 shares of the company’s stock worth $31,000 after buying an additional 558 shares in the last quarter. Clearstead Advisors LLC increased its holdings in NIO by 557.0% during the 1st quarter. Clearstead Advisors LLC now owns 1,511 shares of the company’s stock worth $32,000 after purchasing an additional 1,281 shares in the last quarter. Tyler Stone Wealth Management increased its holdings in NIO by 174.2% during the 2nd quarter. Tyler Stone Wealth Management now owns 1,574 shares of the company’s stock worth $34,000 after purchasing an additional 1,000 shares in the last quarter. Strengthening Families & Communities LLC increased its holdings in NIO by 637.9% during the 3rd quarter. Strengthening Families & Communities LLC now owns 2,354 shares of the company’s stock worth $36,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in shares of NIO by 988.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 1,904 shares of the company’s stock valued at $41,000 after acquiring an additional 1,729 shares in the last quarter. Institutional investors and hedge funds own 31.52% of the company’s stock.

NIO Company Profile

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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.

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