NIO (NYSE:NIO) Shares Up 1.3% – Should You Buy?

NIO Inc. (NYSE:NIO)’s stock price traded up 1.3% on Monday . The stock traded as high as $4.82 and last traded at $4.80. Approximately 17,692,452 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 37,790,855 shares. The stock had previously closed at $4.74.

Analysts Set New Price Targets

Several research firms recently issued reports on NIO. Zacks Research raised shares of NIO from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Bank of America reaffirmed a “neutral” rating and issued a $6.80 price objective on shares of NIO in a report on Thursday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 target price on shares of NIO in a research report on Friday, May 22nd. The Goldman Sachs Group raised NIO from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.70.

NIO Stock Performance

The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of -8.27 and a beta of 0.91. The stock’s 50 day moving average price is $4.94 and its two-hundred day moving average price is $5.36.

Institutional Trading of NIO

A number of institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC increased its stake in NIO by 17.4% during the 1st quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company’s stock valued at $83,000 after buying an additional 2,027 shares during the period. Tidal Investments LLC raised its position in shares of NIO by 0.9% during the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock worth $985,000 after buying an additional 2,433 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of NIO by 11.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company’s stock worth $127,000 after acquiring an additional 2,586 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of NIO by 26.4% in the 4th quarter. Wealthspire Advisors LLC now owns 12,980 shares of the company’s stock worth $66,000 after acquiring an additional 2,707 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of NIO by 98.3% in the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after acquiring an additional 2,950 shares in the last quarter. Hedge funds and other institutional investors 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.