NIO (NYSE:NIO) Shares Up 3.6% - Still a Buy?

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

Analyst Upgrades and Downgrades

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

NIO Price Performance

The business has a fifty day moving average of $4.43 and a 200-day moving average of $4.87. The firm has a market cap of $9.40 billion, a PE ratio of -2.98 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.

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NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the company posted ($2.81) EPS. As a group, research analysts predict that Nio Inc - will post -1.43 earnings per share for the current year.

Institutional Trading of NIO

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock valued at $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of NIO by 32.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock valued at $14,756,000 after acquiring an additional 538,907 shares in the last quarter. Bridgewater Associates LP raised its holdings in shares of NIO by 28.6% in the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after acquiring an additional 263,338 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock valued at $5,018,000 after acquiring an additional 589,082 shares in the last quarter. Finally, Swedbank AB raised its holdings in shares of NIO by 0.8% in the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company's stock valued at $4,657,000 after acquiring an additional 9,000 shares in the last quarter. 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.