NIO (NYSE:NIO) Shares Up 0.8% – Here’s What Happened

Nio Inc – (NYSE:NIO) rose 0.8% on Tuesday . The company traded as high as $4.48 and last traded at $4.42. Approximately 17,067,029 shares were traded during trading, a decline of 69% from the average daily volume of 55,323,487 shares. The stock had previously closed at $4.38.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NIO. Mizuho lowered their price objective on shares of NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research report on Monday. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Citigroup cut their price objective on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday. Cfra Research raised NIO to a “hold” rating in a research note on Friday. Finally, The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and cut their price target for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.00.

NIO Stock Up 0.1 %

The firm’s 50 day moving average price is $4.43 and its two-hundred day moving average price is $4.87. The company has a market capitalization of $9.15 billion, a P/E ratio of -2.90 and a beta of 1.81. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO) last released its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the previous year, the company posted ($2.81) EPS. The business’s revenue was up 15.2% on a year-over-year basis. Equities research analysts forecast that Nio Inc – will post -1.43 EPS for the current year.

Institutional Trading of NIO

Large investors have recently added to or reduced their stakes in the company. Shufro Rose & Co. LLC acquired a new stake in NIO in the 4th quarter valued at about $65,000. Vident Advisory LLC raised its stake in NIO by 60.6% in the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company’s stock valued at $235,000 after buying an additional 20,349 shares during the period. Vienna Asset Management LLC acquired a new stake in shares of NIO in the fourth quarter valued at approximately $100,000. Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of NIO in the fourth quarter valued at approximately $93,000. Finally, Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of NIO by 15.1% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 66,534 shares of the company’s stock worth $290,000 after acquiring an additional 8,746 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Company Profile

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.