NIO (NYSE:NIO) Sets New 52-Week High - Here's What Happened

Key Points

• NIO Inc. reached a new 52-week high of $7.78 during trading, with the last recorded price at $7.55 and a trading volume of over 32 million shares.
• Investment firms have shown renewed interest in NIO, with UBS Group upgrading its rating from "neutral" to "buy" and raising the price target to $8.50.
• The company reported a loss of ($0.32) per share for the last quarter, missing estimates, although its revenue increased by 9% year-on-year to $2.65 billion.

NIO Inc. (NYSE:NIO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.78 and last traded at $7.55, with a volume of 32776857 shares traded. The stock had previously closed at $7.21.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group raised shares of NIO from a "neutral" rating to a "buy" rating and upped their price objective for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. Mizuho boosted their target price on shares of NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. Bank of America raised their price objective on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Citigroup upped their target price on shares of NIO from $8.10 to $8.60 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Finally, Barclays cut their target price on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NIO currently has an average rating of "Hold" and an average target price of $6.35.

NIO Stock Up 4.9%

The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The stock has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $4.51. The firm has a market capitalization of $15.79 billion, a PE ratio of -4.72 and a beta of 1.20.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.NIO's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. Analysts forecast that NIO Inc. will post -1.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Xponance Inc. purchased a new stake in shares of NIO in the first quarter worth $39,000. Blueshift Asset Management LLC purchased a new position in shares of NIO during the 1st quarter valued at about $43,000. Hedeker Wealth LLC bought a new position in shares of NIO during the second quarter valued at about $43,000. Annex Advisory Services LLC purchased a new stake in NIO during the 1st quarter valued at about $47,000. Finally, May Hill Capital LLC purchased a new position in NIO in the 1st quarter worth approximately $48,000. 48.55% of the stock is owned by institutional investors.

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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