NIO (NYSE:NIO) Trading 1.2% Higher – Here’s Why

NIO Inc. (NYSE:NIO) shares rose 1.2% during mid-day trading on Friday . The stock traded as high as $5.03 and last traded at $4.99. Approximately 27,397,069 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 58,327,965 shares. The stock had previously closed at $4.93.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NIO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of NIO in a report on Monday. Barclays increased their price target 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. UBS Group lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Macquarie set a $5.30 price objective on NIO in a research note on Tuesday, November 25th. Finally, Wall Street Zen upgraded NIO from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.73.

NIO Stock Performance

The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of -3.44 and a beta of 1.04. The stock has a 50 day simple moving average of $6.12 and a 200 day simple moving average of $5.48. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 2.36.

Institutional Investors Weigh In On NIO

A number of hedge funds have recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC grew its position in shares of NIO by 12.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares during the last quarter. MGO One Seven LLC boosted its stake in NIO by 10.6% during the 3rd quarter. MGO One Seven LLC now owns 16,208 shares of the company’s stock valued at $124,000 after purchasing an additional 1,560 shares during the period. Insigneo Advisory Services LLC grew its position in NIO by 4.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company’s stock worth $328,000 after purchasing an additional 1,806 shares during the last quarter. Tidal Investments LLC increased its stake in shares of NIO by 0.9% in the second quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after purchasing an additional 2,433 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of NIO by 148.3% in 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 during the period. 48.55% of the stock is currently owned by institutional investors.

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.