NIO (NYSE:NIO) Trading 0.9% Higher - Time to Buy?

Nio Inc - (NYSE:NIO - Get Free Report)'s share price traded up 0.9% during trading on Monday . The company traded as high as $3.84 and last traded at $3.79. 32,109,547 shares traded hands during trading, a decline of 42% from the average session volume of 55,762,847 shares. The stock had previously closed at $3.75.

Analysts Set New Price Targets

NIO has been the topic of a number of recent research reports. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Mizuho dropped their price target on shares of NIO from $5.00 to $4.20 and set a "neutral" rating for the company in a research note on Monday, March 24th. Cfra Research raised NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup lowered their target price on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, NIO presently has a consensus rating of "Hold" and a consensus price target of $5.17.

NIO Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $7.82 billion, a PE ratio of -2.48 and a beta of 1.81. The stock has a fifty day simple moving average of $4.39 and a 200-day simple moving average of $4.79.

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NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The business 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% compared to the same quarter last year. During the same period last year, the company earned ($2.81) earnings per share. Equities analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after buying an additional 5,296,601 shares during the period. Flow Traders U.S. LLC acquired a new stake in NIO during the 3rd quarter worth $141,000. Hilltop Holdings Inc. acquired a new stake in NIO during the 3rd quarter worth $130,000. Quadrature Capital Ltd grew its position in NIO by 32.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock worth $14,756,000 after purchasing an additional 538,907 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in NIO in the third quarter valued at $1,178,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

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.