NIO (NYSE:NIO) Trading 0.1% Higher - What's Next?

Nio Inc - (NYSE:NIO - Get Free Report)'s stock price rose 0.1% during trading on Friday . The stock traded as high as $3.58 and last traded at $3.53. Approximately 23,076,451 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 56,126,153 shares. The stock had previously closed at $3.52.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho decreased their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Cfra Research raised NIO to a "hold" rating in a research note on Friday, March 21st. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.05.

NIO Stock 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 stock has a fifty day moving average price of $4.18 and a 200 day moving average price of $4.61. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of -2.33 and a beta of 1.74.

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

Hedge Funds Weigh In On NIO

Several institutional investors have recently bought and sold shares of the business. PDS Planning Inc lifted its position in NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock worth $99,000 after buying an additional 2,627 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of NIO by 25.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after purchasing an additional 2,712 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after purchasing an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after buying an additional 2,867 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after buying an additional 3,152 shares during the last quarter. 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.

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