NIO (NYSE:NIO) Shares Up 2.5% – What’s Next?

NIO Inc. (NYSE:NIO) traded up 2.5% during trading on Friday . The company traded as high as $4.88 and last traded at $4.85. 25,697,542 shares were traded during trading, a decline of 38% from the average daily volume of 41,338,191 shares. The stock had previously closed at $4.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. HSBC upgraded NIO from a “hold” rating to a “buy” rating and upped their target price for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Bank of America reaffirmed a “neutral” rating and set a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $6.00 price target on shares of NIO in a research report on Friday, May 22nd. Seven 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’s stock. Based on data from MarketBeat, NIO currently has an average rating of “Hold” and a consensus target price of $6.70.

NIO Price Performance

The company has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $5.39. The company has a market cap of $12.04 billion, a P/E ratio of -8.82 and a beta of 0.92. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.01 and a quick ratio of 0.90.

NIO (NYSE:NIO) last issued its earnings results on Friday, May 22nd. The company reported $0.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.08. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.69 billion. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%.The company’s quarterly revenue was up 112.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.41) EPS. On average, sell-side analysts predict that NIO Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently bought and sold shares of NIO. DV Trading LLC lifted its stake in NIO by 134.1% during the first quarter. DV Trading LLC now owns 16,386 shares of the company’s stock valued at $99,000 after buying an additional 9,386 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of NIO by 71.6% in the first quarter. Glenmede Trust Co. NA now owns 22,063 shares of the company’s stock worth $133,000 after acquiring an additional 9,204 shares in the last quarter. Bank of America Corp DE increased its position in shares of NIO by 99.0% in the first quarter. Bank of America Corp DE now owns 14,228,916 shares of the company’s stock worth $85,800,000 after acquiring an additional 7,079,903 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of NIO during the first quarter valued at approximately $1,793,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of NIO by 120.7% during the first quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after acquiring an additional 4,383 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

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.