NIO (NYSE:NIO) Trading 1.5% Higher After Analyst Upgrade

NIO Inc. (NYSE:NIO) shot up 1.5% during trading on Friday 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 $4.72 and last traded at $4.71. 28,551,928 shares were traded during trading, a decline of 33% from the average session volume of 42,439,238 shares. The stock had previously closed at $4.64.

NIO has been the subject of a number of other research reports. Citigroup dropped their target price on NIO from $8.60 to $6.90 and set a “buy” rating for the company in a report on Wednesday, November 26th. Mizuho raised their price target on shares of NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $7.00 price objective on shares of NIO in a report on Thursday, October 30th. Barclays increased 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. Finally, UBS Group downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, NIO has a consensus rating of “Hold” and a consensus price target of $6.83.

Institutional Trading of NIO

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after purchasing an additional 2,877 shares in the last quarter. Hedeker Wealth LLC acquired a new stake in shares of NIO in the 2nd quarter valued at $43,000. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 4,269 shares during the last quarter. Sandbox Financial Partners LLC acquired a new position in shares of NIO during the 4th quarter worth $51,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of NIO during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Trading Up 1.5%

The firm has a 50-day moving average of $5.29 and a two-hundred day moving average of $5.67. The firm has a market capitalization of $9.83 billion, a P/E ratio of -3.25 and a beta of 1.05. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36.

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.