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

Nio Inc - (NYSE:NIO - Get Free Report) shares were up 0.1% on Monday . The stock traded as high as $3.57 and last traded at $3.53. Approximately 7,884,207 shares were traded during trading, a decline of 86% from the average daily volume of 56,276,336 shares. The stock had previously closed at $3.52.

Analyst Ratings Changes

Several research firms recently issued reports on NIO. HSBC cut NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Citigroup lowered their price target on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Cfra Research upgraded NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Mizuho dropped their target price on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NIO presently has a consensus 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 firm's fifty day moving average price is $4.17 and its 200 day moving average price is $4.55. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of -2.36 and a beta of 1.74.

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

Hedge Funds Weigh In On NIO

Institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC grew its stake in NIO by 63.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,859 shares of the company's stock worth $553,000 after purchasing an additional 32,069 shares in the last quarter. Tidal Investments LLC grew its position in shares of NIO by 2.4% during the third quarter. Tidal Investments LLC now owns 280,140 shares of the company's stock worth $1,871,000 after buying an additional 6,545 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in NIO in the third quarter valued at approximately $374,000. Principal Financial Group Inc. lifted its stake in NIO by 140.2% in the third quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock worth $502,000 after acquiring an additional 43,839 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its holdings in NIO by 352.6% during the 4th quarter. FNY Investment Advisers LLC now owns 145,430 shares of the company's stock worth $634,000 after acquiring an additional 113,296 shares in the last quarter. Institutional investors and hedge funds 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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