NIO (NYSE:NIO) Trading 2% Higher

Shares of Nio Inc – (NYSE:NIO) traded up 2% on Tuesday . The stock traded as high as $4.75 and last traded at $4.69. 25,193,856 shares changed hands during trading, a decline of 54% from the average session volume of 55,101,445 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Sanford C. Bernstein lowered their price objective on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. UBS Group lowered their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Jefferies Financial Group reduced their target price on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Barclays reissued an “underweight” rating and set a $4.00 target price (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Finally, Mizuho reissued a “neutral” rating and set a $5.50 target price on shares of NIO in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, NIO has an average rating of “Hold” and a consensus price target of $8.43.

NIO Stock Up 2.6 %

The firm has a 50 day moving average of $4.96 and a two-hundred day moving average of $6.49. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of -2.68 and a beta of 1.93. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51.

NIO (NYSE:NIO) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.51) earnings per share. As a group, sell-side analysts anticipate that Nio Inc – will post -1.26 EPS for the current fiscal year.

Institutional Trading of NIO

Several large investors have recently bought and sold shares of NIO. Hsbc Holdings PLC raised its position in NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after purchasing an additional 4,976,403 shares during the last quarter. Electron Capital Partners LLC raised its position in NIO by 5.6% in the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after purchasing an additional 235,521 shares during the last quarter. Royal London Asset Management Ltd. raised its position in NIO by 11.9% in the third quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company’s stock valued at $20,853,000 after purchasing an additional 245,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in NIO by 7.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,055,591 shares of the company’s stock valued at $18,583,000 after purchasing an additional 134,234 shares during the last quarter. Finally, AMF Tjanstepension AB raised its position in NIO by 132.4% in the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after purchasing an additional 889,900 shares during the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

About NIO

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.