NIO (NYSE:NIO) Shares Gap Up - What's Next?

Shares of Nio Inc - (NYSE:NIO - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $5.03, but opened at $5.28. NIO shares last traded at $5.14, with a volume of 22,699,635 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on NIO. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group downgraded shares of NIO from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NIO has a consensus rating of "Hold" and a consensus target price of $5.03.

NIO Trading Down 4.4 %

The firm has a market capitalization of $9.40 billion, a P/E ratio of -2.98 and a beta of 1.81. The stock's 50-day simple moving average is $4.43 and its two-hundred day simple moving average is $4.87. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NIO. Shufro Rose & Co. LLC purchased a new stake in shares of NIO in the fourth quarter worth about $65,000. Vident Advisory LLC raised its holdings in shares of NIO by 60.6% during the 4th quarter. Vident Advisory LLC now owns 53,937 shares of the company's stock worth $235,000 after acquiring an additional 20,349 shares in the last quarter. Vienna Asset Management LLC bought a new position in shares of NIO during the 4th quarter valued at approximately $100,000. Laird Norton Wetherby Trust Company LLC purchased a new position in shares of NIO in the fourth quarter valued at $93,000. Finally, Laird Norton Wetherby Wealth Management LLC increased its position in NIO by 15.1% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 66,534 shares of the company's stock worth $290,000 after purchasing an additional 8,746 shares during the last quarter. Institutional investors 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.