Nio Inc - (NYSE:NIO - Get Free Report) rose 4.1% on Monday . The company traded as high as $4.55 and last traded at $4.44. Approximately 53,985,262 shares changed hands during trading, an increase of 44% from the average daily volume of 37,445,384 shares. The stock had previously closed at $4.26.
Analyst Upgrades and Downgrades
NIO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group cut 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. Macquarie cut NIO from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. HSBC cut NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $5.38.
Check Out Our Latest Stock Analysis on NIO
NIO Trading Down 0.3 %
The company has a 50 day moving average of $4.35 and a 200-day moving average of $4.75. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of -2.90 and a beta of 1.68.
Institutional Investors Weigh In On NIO
A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in 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 purchasing an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd raised its position in 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 purchasing an additional 538,907 shares in the last quarter. Bridgewater Associates LP raised its position in 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 purchasing an additional 263,338 shares in the last quarter. SG Americas Securities LLC raised its position in 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 purchasing an additional 589,082 shares in the last quarter. Finally, Swedbank AB raised its position in 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 purchasing an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.
About NIO
(
Get Free Report)
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.
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