NIO (NYSE:NIO) Sees Large Volume Increase - Still a Buy?

Key Points

• NIO Inc. saw a trading volume increase to 52.5 million shares, with its stock price rising to $6.25 from a previous close of $5.54.
• In recent analyst ratings, **Goldman Sachs** upgraded NIO to a "neutral" rating with a price target increase to $3.80, while **Morgan Stanley** and **Citigroup** maintained a "buy" rating.
• NIO's earnings report showed a loss of ($0.45) per share, missing estimates, but revenue increased by 21.5% year-over-year, totaling $1.66 billion.

NIO Inc. (NYSE:NIO - Get Free Report) saw strong trading volume on Friday . 52,537,599 shares traded hands during mid-day trading, an increase of 0% from the previous session's volume of 52,320,379 shares.The stock last traded at $6.25 and had previously closed at $5.54.

Analyst Ratings Changes

Several research firms have commented on NIO. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Morgan Stanley restated a "buy" rating on shares of NIO in a research report on Monday, July 14th. Citigroup restated a "buy" rating on shares of NIO in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their price target on NIO from $4.10 to $4.80 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Barclays cut their price target on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $4.76.

NIO Stock Performance

The firm has a market cap of $13.54 billion, a PE ratio of -4.01 and a beta of 1.42. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. The stock's 50 day moving average price is $4.20 and its 200 day moving average price is $4.10.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. During the same period in the previous year, the firm posted ($2.39) EPS. NIO's revenue for the quarter was up 21.5% on a year-over-year basis. NIO has set its Q2 2025 guidance at EPS. As a group, equities analysts forecast that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIO

A number of large investors have recently made changes to their positions in NIO. Xponance Inc. bought a new stake in NIO in the first quarter worth approximately $39,000. Blueshift Asset Management LLC acquired a new position in shares of NIO in the 1st quarter valued at $43,000. Annex Advisory Services LLC acquired a new stake in shares of NIO during the 1st quarter worth about $47,000. Hedeker Wealth LLC bought a new position in shares of NIO in the second quarter worth about $43,000. Finally, May Hill Capital LLC bought a new position in NIO in the first quarter valued at about $48,000. Institutional investors and hedge funds own 48.55% of the company's stock.

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.

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