NIO (NYSE:NIO) Shares Up 4.3% - Time to Buy?

Nio Inc - (NYSE:NIO - Get Free Report) rose 4.3% on Monday . The stock traded as high as $4.39 and last traded at $4.21. Approximately 27,529,667 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 56,117,800 shares. The stock had previously closed at $4.03.

Wall Street Analyst Weigh In

NIO has been the subject of a number of analyst reports. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Citigroup reiterated a "buy" rating on shares of NIO in a report on Monday. Finally, Mizuho dropped their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NIO presently has an average rating of "Hold" and an average price target of $5.05.

NIO Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The company has a market cap of $9.03 billion, a price-to-earnings ratio of -2.86 and a beta of 1.74. The company has a 50 day moving average price of $4.12 and a 200-day moving average price of $4.46.

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

Institutional Trading of NIO

A number of institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of NIO by 138.5% during 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 stake in NIO by 131.8% in 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 during the period. Callan Family Office LLC bought a new position in shares of NIO during the 4th quarter worth approximately $44,000. Sava Infond d.o.o. acquired a new stake in shares of NIO during the 4th quarter worth approximately $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO in the 4th quarter valued at $45,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.