NIO (NYSE:NIO) Shares Up 3.6% - What's Next?

Nio Inc - (NYSE:NIO - Get Free Report)'s share price rose 3.6% on Tuesday . The stock traded as high as $5.33 and last traded at $5.21. Approximately 43,790,866 shares were traded during trading, a decline of 20% from the average daily volume of 55,046,527 shares. The stock had previously closed at $5.03.

Wall Street Analysts Forecast Growth

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

NIO Stock Performance

The stock's 50 day simple moving average is $4.42 and its two-hundred day simple moving average is $4.86. The company has a market cap of $9.40 billion, a PE ratio of -2.98 and a beta of 1.81. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

Remove Ads

Institutional Investors Weigh In On NIO

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp lifted its position in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after buying an additional 4,332 shares in the last quarter. Callan Family Office LLC purchased a new stake in NIO during the fourth quarter worth approximately $44,000. Sava Infond d.o.o. acquired a new stake in shares of NIO in the fourth quarter worth $44,000. Finally, Trilogy Capital Inc. purchased a new position in shares of NIO in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

About NIO

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.