NIO (NYSE:NIO) Shares Gap Up - Here's Why

Key Points

• NIO's share price rose from $5.07 to a current trading level of $5.48, with a trading volume of over 34 million shares.
• Analysts have mixed ratings for NIO; while Mizuho set a neutral rating with a price target of $3.50, Citigroup and Morgan Stanley restated their buy ratings.
• NIO reported a significant earnings miss, with an EPS of ($0.45) compared to a consensus estimate of ($0.22), although revenue was up 21.5% year-over-year.

NIO Inc. (NYSE:NIO - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $5.07, but opened at $5.24. NIO shares last traded at $5.48, with a volume of 34,280,685 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho cut their price target on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of NIO in a report on Monday, April 28th. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NIO from $4.10 to $4.80 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.76.

NIO Trading Up 11.1%

The firm's 50-day moving average price is $4.16 and its 200-day moving average price is $4.09. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The company has a market cap of $11.76 billion, a P/E ratio of -3.48 and a beta of 1.42.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.23). NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. During the same period last year, the firm earned ($2.39) EPS. The business'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 research analysts expect that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Institutional Trading of NIO

A number of hedge funds and other institutional investors have recently bought and sold shares of NIO. Xponance Inc. bought a new stake in NIO during the 1st quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new position in NIO in the 1st quarter worth approximately $43,000. Hedeker Wealth LLC purchased a new position in NIO in the 2nd quarter worth approximately $43,000. Annex Advisory Services LLC purchased a new position in NIO in the 1st quarter worth approximately $47,000. Finally, May Hill Capital LLC purchased a new position in NIO in the 1st quarter worth approximately $48,000. 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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